Equipment Management Officer II
Company: Disability Solutions
Location: Providence
Posted on: April 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:Responsible for identifying
markets and participating in the sale and valuation of leased
equipment. May evaluate residual values in structuring lease
contracts. Associates may work with legal department on remarketing
possessed equipment. May also participate in inspection programs to
ensure that leased equipment is well maintained.Job
Responsibilities:
- Support the America's businesses ensuring EMG policies and
procedures are consistently followed.
- 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 marketing and selling various types
assets in a fast paced environment.
- Maximize 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.
- Assess equipment condition/values based on the Maintenance and
Return language from the lease.
- Build ongoing relationships with current BAML Lessees &
Originations
- 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 marketing and selling 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 residual impairment review.
- 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 prioritiesPreferred 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: 40
Keywords: Disability Solutions, Cranston , Equipment Management Officer II, Executive , Providence, Rhode Island
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