Manager-Equipment Management
Company: Disability Solutions
Location: Chicago
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
Manager is responsible for directing 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 role also involves setting
direction, policies/procedures, guidelines to maximize the team's
efficiency and to meet the needs of the Global Leasing business.
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 prioritiesDesired Qualifications:Bachelor's degree -
Accounting, EngineeringSkills:
- 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 ManagementMinimum Education Requirement: High School
Diploma / GED / Secondary School or equivalentShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500),
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100), US - RI - Providence - 1 Financial Plaza (RI1537)Pay and
benefits informationPay range$125,000.00 - $207,900.00 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, Chicago , Manager-Equipment Management, Executive , Chicago, Illinois
Didn't find what you're looking for? Search again!
Loading more jobs...