Product Specialist II/III-Equipment Management

Product Specialist II/III-Equipment Management Chicago, Illinois;New York, New York; San Francisco, California; Boston, Massachusetts; Schaumburg, Illinois; Providence, Rhode Island

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• To proceed with your application, you must be at least 18 years of age.
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• Bank of America employees are required to meet all
• posting eligibility requirements
• prior to applying for any new position.
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• 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.

We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

• Required Qualifications:

• + Minimum 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.

• Skills:

• + 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

• Minimum Education Requirement:

• High School Diploma / GED / Secondary School or equivalent

• Shift:

• 1st shift (United States of America)

• Hours Per Week:

• 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your

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• poster.
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• Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse.

Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.