Bank of America Corporation

Merchant Portfolio Analyst (MPA)

Bank of America Corporation$80K — $103K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in client support or service roles.
  • Strong understanding of accounting principles and financial analysis.
  • Excellent verbal, written, and presentation communication abilities.
  • Proficiency in problem-solving and conflict resolution.
  • Experience with multi-platform processing systems and technical support.
  • Adaptability in prioritizing client needs and managing time effectively.

Responsibilities

  • Serve as the primary escalation point for client issues.
  • Enhance client awareness of self-servicing options.
  • Optimize the client experience to improve retention rates.
  • Handle transaction authorizations and processing information.
  • Troubleshoot and resolve production issues related to client services.
  • Manage and report on billing, invoices, and equipment inquiries.

Benefits

  • Access to industry-leading employee benefits.
  • Generous paid time off.
  • Opportunities to participate in annual discretionary incentive plans.
  • Resources and support for employee development.
  • Contributions to sustainable growth of business and communities served.
Full Job Description

Job Description:
The MPA serves as the primary escalation point for clients in their assigned portfolio. With Industry Expertise and associated Product Knowledge, they are charged with identifying, analyzing and resolving client issues as well as expanding client awareness of available self-servicing options. The MPA focus is on the deepening of existing client relationships, optimizing the client experience and ultimately, client retention.


The MPA provides Multi-Platform Support on 5-10 different processing platforms and Client Education on various products and reconciliation tools.

Daily functions include but are not limited to:

•Billing and invoices

•Boarding Processes (BOS): new location set up, entitlement changes

•Transaction authorization and processing information

•Chargebacks

•Collection, escrow and pending items

•Equipment inquiries / issues

•Funding delays or missing payments

•Processing Issues resulting in rejects, duplications, reversals, special processing, etc...

•Production Issues; trouble shoot , diagnose, resolve auth/funding/reporting problems, network and connectivity issues, file transmission issues

•Reporting


Required Skills:

•Adaptability –Ability to focus attention, time and resources on highest priority clients and opportunities.  Ability to prioritize issues and effectively track to completion all requests.

•Business acumen – Understands basic accounting principles; financial analysis skills that include customer revenue, fees/billing and reconciliation processes.

•Communication and Conflict Resolution – Possesses strong communication skills; including verbal, written and presentation. Builds trust and instills confidence through ongoing communications with peers, manager, direct reports, or key stakeholders. Identifies actual or potential areas of disagreement and navigates to a resolution.

•Customer Focus – Creates an environment where business goals are aligned with customer needs, giving Bank of America the ability to exceed customer expectations.

•Issue Resolution – Responsible for identifying, analyzing and resolving operational issues, ensuring appropriate follow-up communications with internal and external stakeholders, and collaborating with others to meet the processing requirements of each client. Escalates issues as needed.

•Platform Knowledge and Technical Skills - Understands and communicates 3rd party system architecture, POS systems, gateways, connectivity, authorization platforms, settlement platforms, reporting and funding solutions. Supports performance monitoring and tracking to effectively manage the client relationship


Desired Skills:

•Industry and Associated Product Knowledge – Stays abreast of industry and product trends and regulatory developments that impact the business and communicate to clients, peers, and other key stakeholders.

•Negotiation – Negotiates expectations skillfully in tough situations. Can win concessions without damaging relationships. Understands what is at stake and drives to mutually beneficial solutions.


Skills:

  • Active Listening
  • Critical Thinking
  • Customer and Client Focus
  • Problem Solving
  • Account Management
  • Attention to Detail
  • Collaboration
  • Data Management
  • Portfolio Management
  • Adaptability
  • Learning Delivery
  • Oral Communications
  • Prioritization
  • Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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)

Pay and benefits information

Pay range

$80,000.00 - $103,000.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

Similar Jobs

More Jobs at Bank of America Corporation

More Finance & Insurance Jobs

Find similar Merchant Portfolio Analyst (MPA) jobs: