Have Ramza as a Ninja with Martial Arts, Move +2, Punch Art and Blade Grasp... actually... have EVERYONE with Blade Grasp. Also, have some of your allies with Train and doing enough damage to bring the monsters down to critical status. This SHOULD turn them on their master (I never tested that).
Now, have your Ninja-Monk-Samurai blend Ramza run forward on his first turn. His equipment should be a Black Costume, a Thief Hat, and Germinas Boots. He should be able to leap the small chasm and run up to the Chemist and hit him from the side. Dead Chemist. Also, Ramza will draw some fire from Balk (which he will block with Blade Grasp). And the monsters will turn to him as well.
In the meantime, have Orlandu and one of your friends run in from the bottom (across the bridge) and take the Behemoth. They'll draw the white dragon's fire as well, which may miss on all three shots. Take the beasts one at a time, while holding them with Ramza. Kill everything, then swarm Balk.