Bank of America Equipment Manager in Boston, Massachusetts
Incumbent is responsible for deriving residual values and collateral valuations for equipment finance transactions for assigned business segments within Banc of America Leasing. Work closely with senior management, Credit and Risk to prioritize equipment types, appropriate residual risk levels and lease terms for those targeted equipment types. The position will be responsible for conducting inspections and appraisals for existing portfolio transactions and participating in the annual portfolio residual impairment review.
Support the Corporate, Large Ticket businesses; ensuring EMG policies and procedures are consistently followed.
Manage the process of establishing residual values for potential lease transactions. Provide a high volume of future value estimates and residual analyses. Facilitate competitive residual assumptions that prudently support the company’s new business volume objectives. Work with a large, diverse marketing and sales group to support, advise, and expedite, but also control effectively, the front-end residual/collateral analysis process.
Assist Credit, Legal, Transaction Management, Operations and Documentation, Sales and Sales Management in structuring transactions to protect the company balance sheet. Construct documents and provide specific terms and conditions designed to protect the company’s investments.
Reinforce and enhance residual policies, controls and analytical approaches to support the company’s equipment and risk management objectives.
Maintain databases, resource/reference materials, and a library of equipment knowledge.
Build and maintain a strong appraiser/advisor/remarketer network of external suppliers and relationships.
Evaluate new target markets and provide responsive support for analyzing, winning and managing new investment opportunities.
This position is posted as an Equipment Management Officer II, but is flexible to be filled as an Equipment Management Officer I based on the skill set/experience of the candidate.
Bachelor’s degree - Accounting, Engineering, Finance, Economics, Math or other Business concentration; Membership/training from the American Society of Appraisers preferred.
Seven plus years of experience in an equipment management role is required. A strong preference for a background in a broad range of equipment types and equipment markets with preferred emphasis on North American Railcars and Locomotives.
In-depth knowledge of equipment management, working on large, complex transactions
Customer/Client Industry Knowledge
A strong collaborative ethic, combined with an ability to work effectively with others in order to achieve team goals.
Problem solving, deductive reasoning ability and exceptional analytical skills.
Strong MS Office skills are essential with particular emphasis on MS Excel.
Ability to adapt to proprietary on-line management information tools and systems of record.
Advanced communication, marketing and negotiation skills across international jurisdictions and cultures.
Ability to demonstrate leadership, control/planning and creativity.
Ability to influence others and work precisely, while managing changing priorities.
Travel < 10%
Location – Providence, Chicago, San Francisco, Charlotte, Troy, Boston, New York or Atlanta
Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.
Posting Date : 08/24/2017
Location : US-CA-San Francisco, US-GA-Atlanta, US-IL-Chicago, US-MA-Boston, US-MI-Troy, US-NY-New York, US-NC-Charlotte, US-RI-Providence
Travel : Yes, 10% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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