Equipment Management Officer II

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Responsible for identifying markets and participating in the sale and valuation of leased equipment. May evaluate residual values in structuring lease contracts. Associates may work with legal department on remarketing possessed equipment. May also participate in inspection programs to ensure that leased equipment is well maintained.

Job Responsibilities:

• Support the America's businesses ensuring EMG policies and procedures are consistently followed.

• This position requires knowledge and experience of a variety of different Lease Structures i.e. TRAC/Split TRAC, FMV, Synthetic Leases etc….

• Manage the process of marketing and selling various types assets in a fast paced environment.

• Maximize gains on sale through strong negotiations while maintaining client satisfaction.

• Evaluate current market conditions and prices for equipment based on research and analysis of the used equipment market.

• Assess equipment condition/values based on the Maintenance and Return language from the lease.

• Build ongoing relationships with current BAML Lessees & Originations

• Be creative in selling equipment in place in order to maximize sale proceeds and minimize the risk associated with equipment returns.

• Evaluate new target markets and provide responsive support for analyzing, winning and managing new investment opportunities.

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

Required Qualifications:

• 5+ yrs experience in an equipment management role. A strong preference for a background in marketing and selling a broad range of equipment types and equipment markets.

• Must have experience with equipment management to include understanding of the various lease transaction types ( TRAC, synthetic, fair value market, fixed price purchase option, etc.

• Experience obtaining current equipment values, negotiating renewals, documenting payoffs and participating in the annual portfolio residual impairment review.

• Must have excellent client relations skills

• Advanced communication, marketing and negotiation skills

• Ability to demonstrate leadership, control/planning and creativity

• Ability to influence others and work precisely, while managing changing priorities

Preferred Education:

Bachelor's degree - Accounting, Engineering, Finance, Economics, Math or other Business concentration; Membership and training from the American Society of Appraisers preferred.

Shift:

1st shift (United States of America)

Hours Per Week:

40