Sr. Equipment Finance Asset Manager

Sr. Equipment Finance Asset Manager

The Equipment Finance Asset Manager Senior is responsible for both 1) proactively managing and establishing equipment residual values, conducting in-depth collateral / market analysis of existing residual exposure, and thoroughly research collateral / markets to make accurate residual value recommendations on across a broad spectrum of asset types and industries in a vendor equipment leasing environment and 2) managing an end-of-lease vendor equipment portfolio management team that maximizes the end of lease performance by administering end of lease negotiations with vendor partners and customers to maximize renewal opportunities and in place equipment sale opportunities. Manages the inventory of returned equipment and repossessions to maximize gain on disposition and recoveries. Works on transactions, including large and complex with various asset types and works closely with the originations teams in structuring transactions to mitigate residual risk and develop sound end of lease return provisions. Manages the process of early buyout and payoff requests to ensure accuracy and efficiency. Ensures minimal portfolio delinquency of equipment in renewal. Responsible for the development and management of external remarketing sources including equipment vendors and remarketers.

Key Responsibilities and Duties

Performs in-depth collateral / market analysis of existing residual exposure and review / update residuals monthly. Reviews collateral evaluations and residual analyses supporting credit recommendations. Forecasts residual values based on historical, current and anticipated valuation, and interprets trends that may impact future values.

Highly experienced in complex leases documentation, vendor program agreements and remarketing agreements and has a thorough understanding of equipment lease accounting methodologies across many transaction types including : FMV, TRAC, Split-TRAC, DFL's and loans. Experience in preparing amortization schedules and structuring of equipment leases.

Possesses strong negotiation, strategic selling and relationship management skills with the ability to foster these attributes within the team. Works within assigned credit authority, escalating as required within approval authorities and subject matter expertise.

Continuously evaluates the portfolio to identify potential early sale opportunities, disposition, or termination of leases to maximize sale proceeds and enhance portfolio yield. A high degree of critical thinking to recognize equipment, portfolio and market risks & opportunities and the ability to balance and manage these risks.

Key participant in the impairment testing following approved methodology and assists with policy compliance initiatives and provide support on projects where appropriate.

Contributes to improvement of policies, procedures and processes to enhance asset management operational efficiency and remarketing efforts.

Responsible for ensuring satisfactory regulatory and internal compliance results.

Thorough understanding of Material Handling, Construction, Transportation, and Industrial equipment.

Minimum Qualifications

5 years of experience in the financial services industry

Knowledge and understanding of equipment financing including loans and leases

Preferred Qualifications

7+ years of experience in equipment financing

Strong experience in Material Handling valuations including Railcar movers

Educational Requirements

University (Degree) Preferred

Physical Requirements

Physical Requirements : Sedentary Work

Career Level

8IC