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:

Hours Per Week: