4 Equipment Management Officer I / II Jobs in Providence, RI
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Equipment Management Officer I / II
$67k-88k (estimate)
Full Time | Banking
2 Days Ago
Bank of America is Hiring an Equipment Management Officer I / II Near Providence, RI
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 is responsible for identifying markets and participating in the valuation of leased equipment. May evaluate residual values in structuring lease contracts and participate in inspection programs to ensure that leased equipment is well maintained.
As an Equipment Management Officer, you will use your analytical, communication, and time management skills, while also developing new skills as part of our Valuation team. You will be responsible for assessing asset risk through an extensive evaluation process in order to establish residual and collateral values for equipment leases and secured finance transactions. You will be able to identify and mitigate risk in transactions and will work with and support other teams, including Credit, Pricing, and Sales.
This position requires the ability to learn about and understand a wide range of equipment types, their applications, and the markets where they operate and are traded. Typical asset types under consideration include Trucking, Mining and Construction, Rail, Materials Handling and Warehouse Equipment, Energy, Marine and Manufacturing.
Job Responsibilities:
Shift:1st shift (United States of America)
Hours Per Week: 40
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 is responsible for identifying markets and participating in the valuation of leased equipment. May evaluate residual values in structuring lease contracts and participate in inspection programs to ensure that leased equipment is well maintained.
As an Equipment Management Officer, you will use your analytical, communication, and time management skills, while also developing new skills as part of our Valuation team. You will be responsible for assessing asset risk through an extensive evaluation process in order to establish residual and collateral values for equipment leases and secured finance transactions. You will be able to identify and mitigate risk in transactions and will work with and support other teams, including Credit, Pricing, and Sales.
This position requires the ability to learn about and understand a wide range of equipment types, their applications, and the markets where they operate and are traded. Typical asset types under consideration include Trucking, Mining and Construction, Rail, Materials Handling and Warehouse Equipment, Energy, Marine and Manufacturing.
Job Responsibilities:
- Collateral Valuation and Residual Risk Evaluation.
- Assist in Structuring Equipment Finance Transactions for both Loan and Lease Transactions.
- Contribute to Documentation Review and Negotiation.
- Support Syndications Team.
- Appraisal and Inspection Engagement and Review.
- Portfolio Impairment Testing.
- Provide Advice and Commentary on Equipment and the Markets in which they Operate to Internal Partners and Clients.
- Support Global Leasing’s Corporate and Commercial businesses; ensuring EMG policies, procedures, controls and analytical principles are consistently followed.
- Formulate and recommend Residual Value (RV) risk levels for new lease transactions, provide collateral valuations in support of loan-type products and support the acquisition of transactions and/or portfolios.
- Provide accurate, well-reasoned opinions of current and future value, supported by research and data. Work with a large, diverse marketing and sales organization to support, advise and provide consultative guidance relative to future asset values and market attributes.
- Assist Credit, Legal, Transaction Management, Originations and Sales Management in structuring transactions to ensure that Global Leasing is protected in all situations contemplated in the financing. Construct documents and provide specific terms and conditions designed to protect Global Leasing’s investment.
- Build and maintain strong relationships with equipment brokers, inspectors, appraisers, remarketers and external suppliers.
- Evaluate new target markets and provide responsive support for analyzing, winning and managing new equipment investment opportunities.
- 3 yrs experience in the leasing industry and/or professional equipment valuation experience.
- Commercial acumen combined with desire to engage with customers and suppliers at all levels.
- Analytical and mathematical skills – ideally aligned to financial products.
- Proficiency in Microsoft Office, with emphasis on Excel competency.
- 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
Shift:1st shift (United States of America)
Hours Per Week: 40
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$67k-88k (estimate)
POST DATE
06/26/2024
EXPIRATION DATE
07/13/2024
WEBSITE
bankofamerica.com
HEADQUARTERS
FARMINGTON, NM
SIZE
>50,000
FOUNDED
1968
CEO
LINDA BOYCE
REVENUE
>$50B
INDUSTRY
Banking
Related Companies
About Bank of America
Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.
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