Product Specialist II/III-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 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 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 - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537) Pay and benefits information Pay range $70,000.00 - $200,000.00 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. Privacy Statement:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: