Manager-Equipment Management Group-Remarketing Team
Company | Bank of America |
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Location | Providence, RI, USA, Chicago, IL, USA, New York, NY, USA |
Salary | $125000 – $207900 |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Senior |
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