Equipment Management Officer II / Equipment Management Officer I Chicago, Illinois **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. 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! **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 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . 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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.