Product Specialist III / Product Specialist II - Pricing Specialist

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Provides analytical support to Global Leasing client teams (including Global Vendor Finance) throughout the sales process for a broad range of structured asset-finance transactions (including US True Leases, finance leases and loans) across a broad range of asset classes and markets. Responsible for integrating tax, accounting, credit, and other financial constraints in lease optimization models. Prepares pricing and other economic analyses for clients and coordinates with internal functional groups to finalize client pricing for funding and booking. Works independently with limited direction. May also be required to work on strategic analytic assignments and/or the development of analytical tools to support the Global Leasing business. Responsibilities: Evaluate transaction economics (using a number of pre-tax and after-tax analytical metrics) Price new transactions for both hold and sell, and model transactions around internal metrics and/or syndication market Use creativity to optimize cash flows / structures Advise on tax and other technical aspects of lease structuring and analysis Prepare presentation materials for internal and external presentation Prepare associated document schedules and pricing exhibits; and review / develop documentation as needed Act as an analytical consultant and provide economic expertise and structuring solutions to the Leasing team, external clients, and management (both informally, and within formal transaction review / approval forums) Provide support in identifying, analyzing and working through commercial, structural, tax and accounting issues Point of contact for Credit, Risk, Finance, Tax, and Operations on economic / tax / structural / accounting questions or issues Develop and maintain analytical models as needed Required Qualifications: 3 + years of experience with complex financial analysis and/or financial modeling Strong analytical / financial analysis skills with strong business acumen in the commercial banking industry Expertise in use of Excel and/or specialized tools for cash flow optimization and analysis Demonstrated experience working with Accounting, Tax, Credit, Operations and Documentation functions in the Leasing / Structured Asset Finance / Project Finance or similar sector Confidence to challenge inefficient solutions and pro-actively escalate any concerns to the team Desired Qualifications: Lease or Structured Asset Finance related work experience Understanding of leasing or related asset finance products and technical expertise in associated lease taxation, accounting, or regulatory capital calculations Proficiency in dedicated loan and lease pricing software (e.g. Ivory SuperTrump software) Bachelor's Degree – Mathematics, Theoretical Science, Economics, Accounting, Finance, or other business concentration with Mathematical/Computational bias preferred Skills: Attention to Detail Issue Management Lease Structuring Prioritization Written Communications Analytical Thinking Collaboration Financial Forecasting and Modeling Oral Communications Problem Solving Business Acumen Continuous Improvement Innovative Thinking Reporting Coding Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537) Pay and benefits information Pay range $70,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America's efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency