Equipment Management Officer II
Company: Disability Solutions
Location: Providence
Posted on: September 28, 2024
Job Description:
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:The Equipment Management
Officer aligns to the Equipment Management Group (EMG) Remarketing
team, which manages a diverse portfolio of lease transactions and
associated Residual Value (RV) positions. This involves
restructuring/selling/renewing leased equipment and generating
associated gains on sale. The Equipment Management Officer utilizes
their equipment finance experience to include, equipment types,
financing products and an understanding of transaction structuring
and pricing economics to successfully manager their
portfolio.**Open to additional approved office locations.Job
Responsibilities:
- Build ongoing relationships with internal and external
customers - negotiating equipment buy-outs, lease renewals and
equipment sales.
- 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.
- 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).
- 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 ManagementRequired Qualifications:
- 5+ yrs experience in an equipment management role. A strong
preference for a background 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 influence others and work precisely, while managing
changing prioritiesDesired 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: 40Pay Transparency detailsUS - CA - San
Francisco - 555 California St - Bofa Center - 555 California
(CA5705), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA
TOWER (NY1100), US - RI - Providence - 1 Financial Plaza
(RI1537)Pay and benefits informationPay range$89,700.00 -
$145,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Providence , Equipment Management Officer II, Executive , Providence, Rhode Island
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