At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
The Equipment Management Officer aligns to the Equipment Management Group (EMG) which is a key driver of Bank of America Leasing & Capital’s (BALCAP) market leading position. The EMG team manages a diverse portfolio of lease transactions and associated residual value (RV) positions. This involves the valuation, structuring, selling, and renewing of leased equipment, and the sale of off-lease equipment.
The Equipment Management Officer utilizes their equipment finance experience incorporating equipment types, lifecycles, usage, financing products and an understanding of transaction structuring and pricing economics to successfully originate, manage and dispose of the lease portfolio and related off-lease assets.
**This position can be filled as an Equipment Management Officer II or
Equipment Management Officer I depending on experience.**
Responsibilities:
Researching & setting residual values for new lease transactions, collateral valuations for loans, migrating credits and off-lease assets.
Maximize residual income while negotiating renewals and sales of terminating assets and off-lease equipment.
Assist Credit, Legal, Transaction Management, Operations and Documentation in structuring transactions to ensure that BALCAP is protected in all potential financing scenarios.
Provide advice and commentary to internal partners on various equipment types and the markets in which they operate.
Build and maintain a strong network of external equipment buyers, appraisers, advisors, and remarketers.
Involvement in equipment repossessions and collateral liquidations for workout accounts.
Required Qualifications:
5+ years of experience in an equipment management role, preferably within the equipment leasing industry and capital equipment markets
Demonstrated knowledge in valuation, analysis, remarketing, and sales of a broad range of equipment types
Extensive experience with transportation assets
Understanding various types of valuation concepts – Fair Market Value, Orderly Liquidation Value, Forced Liquidation Value, etc.
Strong Excel and data reporting capabilities
Desired Qualifications:
Bachelor’s degree - Accounting, Engineering, Finance, Economics, Math, or other Business concentration
Membership and training from the American Society of Appraisers
Skills:
Data Collection and Entry
Data and Trend Analysis
Price Verification and Valuation
Research Analysis
Analytical Thinking
Collateral Management
Issue Management
Policies, Procedures, and Guidelines Management
Negotiation
Research
Risk Management
Valuation Ethics and Practice Standards
Vendor Management
Oral and Written Communication
Multi-tasking and Prioritization
Collaboration
Leadership, Control Planning and Creativity
Shift:
1st shift (United States of America)Hours Per Week:
40About US: LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner...
...We are Cognizant Artificial Intelligence Digital technologies, including analytics and AI, give companies a once-in-a-generation opportunity to perform orders of magnitude better than ever before. But clients need new business models built from analyzing customers and...
...including physical buildings, mechanical equipment, electrical systems, heating and cooling systems, life safety systems, and grounds. Manage and maintain required documentation for energy management, life safety, conservation, and preventive maintenance programs....
...We are seeking a knowledgeable and proactive Facilities Manager to join our leadership team. This individual will play a key role in maintaining a safe, functional, and survey-ready environment across the facility. The Facilities Manager oversees the daily operations...
...site in Columbia, SC Our direct client has an opening for a Security Analyst 10965-1 This position is up to 12 months, with the option of... ...systems and networks. The Security Analyst will guide junior analysts (Security Analyst I and II) to identify and address...