Product Specialist II-Credit/Equipment Management

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
Associate is responsible for identifying markets and participating in the sale and valuation of leased equipment. May evaluate residual values in structuring lease contracts. Associates may work with legal department on remarketing possessed equipment. May also participate in inspection programs to ensure that leased equipment is well maintained.

Job Responsibilities:

• Evaluation of current market conditions for a variety of used equipment.
• Build ongoing relationships with current clients.
• Develop and maintain an assortment of used equipment dealers, brokers and buyers.
• Follow all bank internal policies, procedures and training.

Required Qualifications:

• Minimum of five years equipment management experience.
• In-depth knowledge of equipment management procedures.
• Appraisal, valuation or selling skills of a variety of equipment types.
• ASA Senior status or have taken multiple ASA training courses.
• Exceptional remarketing awareness combined with selling and negotiation skills.

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

Pay Transparency details

US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - IL - Schaumburg - 10 N Martingale Rd - Schaumburg Relo (IL9010), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range$70,000.00 - $132,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.