Product Specialist II/III-Equipment Management

Overview 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! Role 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. 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 #J-18808-Ljbffr Bank of America