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Product Specialist II-Credit/Equipment Management

Bank of America, Schaumburg, IL, United States


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

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