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.

• Researching & setting residual values for new lease transactions, collateral valuations for loans, migrating credits and off-lease assets.
• Responsible for end of lease sales & dispositions of multiple types of capital equipment including transportation, material handling, machine tools, medical, and rail, amongst others.
• Maximize residual income while negotiating renewals and sales of terminating assets and off-lease equipment.
• Assist Credit, Legal, Transaction Management, Operations and Documentation in structuring transactions to ensure that BALCAP is protected in all potential financing scenarios.
• Provide advice and commentary to internal partners on various equipment types and the markets in which they operate.
• Build and maintain a strong network of external equipment buyers, appraisers, advisors, and remarketers.
• Coordinate end of lease equipment inspections. Understand the significance of the inspection reports. Work with and explain inspection reports to clients to repair returned equipment.
• Involvement in equipment repossessions and collateral liquidations for workout accounts.

• 5+ years of experience in an equipment management role, preferably within the equipment leasing industry.
• A strong background in valuation, analysis, remarketing, and sales of a broad range of equipment types is preferred. Extensive experience with transportation assets is beneficial.
• Strong negotiation skills necessary in selling an assortment of used machinery and equipment into the secondary market.
• Understanding various types of valuation concepts - Fair Market Value, Orderly Liquidation Value, Forced Liquidation Value, etc.
• Must have excellent client relations skills.
• Advanced communication, marketing, and negotiation skills
• Ability to influence others and work precisely, while managing changing priorities

• Bachelor's degree - Accounting, Engineering, Finance, Economics, Math, or other Business concentration
• Membership and training from the American Society of Appraisers

• In-depth knowledge of equipment management - particularly in transportation and capital equipment markets
• Advanced written communication skills and demonstrated problem solving skills.
• Ability to handle multiple projects simultaneously.
• Ability to demonstrate leadership, control/planning, and creativity.
• Strong analytical and reporting skills.
• Ability and willingness to collaborate amongst team members and business partners.
• Proven negotiation skills.
• Excellent communication skills.
• Travel - < 10%