Equipment Management Officer II / Equipment Management Officer I

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Job Description:

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:
40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$70,700.00 - $139,400.00 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.

Learn more about this role