Specialty Asset Manager II - Closely Held Assets
Company: Disability Solutions
Location: Dallas
Posted on: April 20, 2024
|
|
Job Description:
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. 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!Job Description:Manages more complex specialty
assets within The Private Bank Group with a full and in-depth
understanding of all fiduciary aspects associated within a given
segment of specialty assets, i.e., real estate, farm & ranch,
timberland, oil & gas, private businesses. Partners closely with
Private Bank relationship/client managers in proactive client
service and sales activities to generate new business. Also links
up closely with a Private Bank market to determine appropriate
resources needed within Specialty Asset Management to obtain new
business. Provides creative solutions to complex customer/asset
needs. May have indirect coaching
responsibilities.Responsibilities:Manages ownership interests in
privately held companies that span various industries, sectors and
business types. These interests are held by Bank of America/Merrill
Lynch clients in a variety of fiduciary accounts, and
responsibilities encompass all aspects that are associated with
investments in private businesses. The Asset Manager will be
exposed to financial statement analysis, investment valuation
methodologies, certain trust and estate fiduciary matters,
corporate organizational documents, as well as all aspects of
corporate governance.The associate will be responsible for the
oversight of client assets that can vary significantly in value and
complexity. At least annually, the associate must complete an
investment review for each assigned interest. Reviews will include
an updated value using generally accepted valuation methods, such
as the income, market or asset-based approach, as well as assigning
asset performance ratings. This particular role focuses on the
oversight of investment holding companies which requires
familiarity with financial asset classes including equities, fixed
income, and alternative investments.Other activities include review
of potential new assets, obtaining external valuation work product,
governance activities and at the entity level as needed. Frequent
contact with portfolio managers, trust officers, tax and legal
experts, wealth strategists, as well as clients and their advisors
as required.Skills:
Keywords: Disability Solutions, Dallas , Specialty Asset Manager II - Closely Held Assets, Executive , Dallas, Texas
Click
here to apply!
|