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Bank of America hires for finance jobs in Connecticut

Posted on October 16, 2011

Bank of America said this week it has hired several people for finance jobs in Connecticut, among other metro areas.

The banking giant said that it is hiring more than 90 small business bankers in the tri-state area to provide guidance and counsel to local small business owners.

The company is also hiring for finance jobs in New Jersey.

Through a relationship with a Bank of America small business banker, customers will have convenient access to local small business expertise and a dedicated resource who knows their business. Small business bankers will consult with small business owners at their places of business and assess their companies’ deposit, credit and cash management needs.

These new hires will support the unique needs of small business owners in the following areas:

New York City (including Manhattan, Bronx, Brooklyn, Queens) – 28 hires.
Northern New Jersey – 36 hires.
Long Island – 18 hires.
Southern Conn./Westchester – 12 hires.

“Small businesses make up the vast majority of all businesses in the tri-state area, and they are truly the heart and soul of the local economy,” said Jeff Barker, New York City market president for Bank of America. “Bank of America will now have a network of local small business bankers who will be as much a part of the business community as the small business owners they work with and serve every day.”

In New York City alone, there are 206,606 companies with fewer than 100 employees, representing 98 percent of the city’s businesses, according to the New York State Department of Labor. When companies in Northern New Jersey and Long Island are included, this number grows to 458,839, representing 97 percent of the area’s businesses, according to the U.S. Census Bureau. These small business owners are often faced with unique and complex financial demands that require personalized guidance from a small business banker who understands a business owner’s unique needs.

“With the hiring of our small business bankers, Bank of America is taking on a personalized approach to helping a small business owner with their cash management issues,” said Raj Kochhar, Small Business Banker region executive for the Northeast. “Through a relationship with a small business banker, small business owners will have someone they can go to who can help them with every aspect of their finances – from deposit and credit needs, to payroll solutions, to connecting them with other Bank of America specialists who can advise them on anything from commercial real estate to their own personal investment portfolio.”

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