Bank of America Corporation

Retail Client Manager - Consumer Vehicle Lending/Dealer Sales - Connecticut Market

Bank of America Corporation$92K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years experience in selling retail financing to automotive dealerships or equivalent outside sales experience
  • Strong communication and negotiation skills for dealer relationship management
  • Demonstrated ability as an individual contributor with a team-oriented mindset
  • Willingness to drive long distances with potential overnight travel

Responsibilities

  • Develops and manages relationships with dealers to boost auto applications and loan production
  • Prospects new clients and communicates program benefits effectively
  • Oversees all aspects of the dealer's portfolio post-signing for a successful partnership
  • Collaborates with underwriting and fulfillment teams to manage risks
  • Monitors dealer activity for risk management and compliance
  • Gathers market intelligence and shares insights with leadership
  • Represents the company at client events and industry conferences

Benefits

  • Eligibility for industry-leading benefits
  • Access to paid time off
  • Support resources to aid employee well-being
  • Opportunities to make a meaningful impact in the community
Full Job Description
Job Description:
This job is responsible for developing and managing dealer relationships to increase the volume of auto applications and loan production sales. Key responsibilities include prospecting new clients, sharing and communicating program benefits, and upon signing, managing all aspects of the dealer's portfolio to ensure a mutually beneficial partnership is maintained. Job expectations include identifying and deepening opportunities, driving referrals to enterprise capabilities, and participating in local market leadership team activities.

Responsibilities:
  • Develops and manages dealer relationships, including partnering on referral opportunities, to increase auto applications and loan production sales
  • Prospects new clients, articulates the program benefits, and upon signing, manages all aspects of the dealer's portfolio to ensure a mutually beneficial partnership is maintained
  • Works with underwriting and fulfillment partners to ensure all aspects of underlying risks are appropriately managed
  • Executes all categories of risk management activities, including monitoring dealer activity / negative news to drive proper dealer execution and minimize risk and exposure for the bank
  • Captures market intelligence and delivers feedback to leadership team
  • Represents Consumer Vehicle Lending (CVL) as the face of the business in the market, hosting client engagement events and industry conferences


Required Qualifications:
  • 5+ years experience selling retail financing to automotive dealerships or equivalent outside sales experience
  • Strong communication and negotiation skills to effectively sell our value proposition and to maintain Dealer relationships
  • The ability to be a strong individual contributor with a team player attitude.
  • Ability to drive long distances with possible overnight stays


Desired Qualifications:
  • The ability to work independently or in a team environment
  • Established dealer relationships within the market
  • Undergraduate degree


Skills:
  • Business Development
  • Client Management
  • Customer and Client Focus
  • Influence
  • Prospecting
  • Active Listening
  • Adaptability
  • Negotiation
  • Networking
  • Relationship Building
  • Client Solutions Advisory
  • Emotional Intelligence
  • Referral Identification


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 - CT - Middletown - 267 Main St (CT2119)

Pay and benefits information

Pay range

$92,400.00 - $120,000.00 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

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