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Manager-Equipment Management Group-Remarketing Team

Manager-Equipment Management Group-Remarketing Team

CompanyBank of America
LocationProvidence, RI, USA, Chicago, IL, USA, New York, NY, USA
Salary$125000 – $207900
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior

Requirements

  • 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 priorities.

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.
  • 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.

Preferred Qualifications

  • Bachelor’s degree – Accounting, Engineering