Equipment Finance Asset Manager
Equipment Finance Asset Manager
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Job Description
Application Deadline:
Address:
VIRTUAL(R)49 - HomeRes - WIJob Family Group:
Commercial Sales & ServiceAsset Manager will be responsible for evaluating commercial equipment remarketing of assets and assisting with the overall management of the equipment finance portfolio. Through an extensive evaluation process the Asset Manager will establish residual and collateral values for equipment leases and secured finance transactions. The Asset Manager will need to be able to identify and mitigate risk in transactions and will collaboratively work with and support other teams including Credit Pricing and Sales. This position requires knowledge of a wide range of equipment types their applications and the markets where they operate and are traded. Typical asset types under consideration include Manufacturing Trucking Mining Construction Rail Materials Handling and Warehouse Equipment Energy Marine and Aircraft. Asset Manager will also have expertise in end-of-lease negotiation and asset disposition.
Desired Qualifications:
- 10 years of experience in valuation portfolio management and remarketing with other reputable banks or finance companies.
- Demonstrates skills in equipment valuation and forecasting.
- Knowledge of a wide range of asset types and various finance structures.
- Understanding of secondary market performance for a variety of asset classes.
- Develop and implement effective remarketing strategies for off-lease and repossessed equipment.
- ASA or equivalent appraisal certification is a plus but not required.
- Build and maintain strong relationships with equipment brokers inspectors and other 3rd party providers.
- Assist with in-life and end-of-term activity including inspections equipment returns extension of the lease or sale of the equipment.
- Manage the third-party appraisal process by engaging anappraiser based on the asset type and provide analysis and approval of appraisals.
- Review and negotiate legal documentation including maintenance and return language.
Salary:
$88800.00 - $165600.00Pay Type:
SalariedThe above represents BMO Financial Groups pay range and type.
Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.
BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performance-based incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.
As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.
Required Experience:
Manager
Employment Type
Remote
Company Industry
Key Skills
- Load & Unload
- Project / Program Management
- Time Management
- Calibration
- Industrial Equipment
- Agriculture
- Asset Management
- Materials Handling
- Mechanical Knowledge
- Maintenance
- Equipment Repair
- Troubleshooting
