Bank Of America Manager-Equipment Management 

United States, Illinois, Chicago 

300761721

Job Responsibilities:

• Lead a team of equipment remarketing professionals – successfully managing mid-lease and lease-end termination events.
• Build ongoing relationships with internal and external customers – negotiating equipment buy-outs, lease renewals and equipment sales.
• Maximize team performance and satisfaction – supporting individual growth and team spirit.
• Maintain and develop work processes that support the Global Leasing business – contribute to systems processes and improvements.
• 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 remarketing and re-leasing a high volume of assets across a wide range of equipment types (excluding aircraft).
• Set and work towards financial targets; maximizing 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. Make prudent sell/hold decisions.
• Assess equipment condition/values based on the Maintenance and Return language from the lease.

Required Qualifications:

• 5+ yrs experience in an equipment management role with experience in customer negotiations - providing remarketing solutions in 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 reviews.
• 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

Desired Qualifications:

Bachelor’s degree - Accounting, Engineering

Skills:

• Analytical Thinking
• Collateral Management
• Data and Trend Analysis
• Price Verification and Valuation
• Research Analysis
• Critical Thinking
• Issue Management
• Negotiation
• Policies, Procedures, and Guidelines Management
• Research
• Business Operations Management
• Regulatory Relations
• Risk Management
• Valuation Ethics and Practice Standards
• Vendor Management

High School Diploma / GED / Secondary School or equivalent

1st shift (United States of America)