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Equipment Group Manager

US Remote, US Remote M5C 2T6

Type: AF - Accounting & Finance Job Number: 15542

Our client a prestigious Canadian Bank is looking for an Equipment Group Manager for Milwaukee(Chicago) or can be based anywhere in Canada or US.

The Equipment Group division is a  Risk Management  division and provides valuation services, equipment portfolio management, and end of term negotiations and re-marketing  for assets financed by the bank.  It is independent from the Lines of Business utilizing their services and is not influenced by any potential credit and/or sales decisions.

Within the team, Equipment Managers are primarily responsible for providing an independent view of value for prospective and existing assets financed using solid economic and market knowledge.  Equipment Managers must possess enough experience and expertise to manage the equipment valuation process from new business to end-of-term disposition. Equipment Managers will employ a sound risk/reward philosophy in their day-to-day responsibilities and operate in a dynamic work environment. In addition, Equipment Managers will be responsible, on a day-to-day basis, for reviewing and providing feedback on work completed by the Equipment Analyst position.
  1. Business Delivery & Operational Effectiveness
  • Complete collateral value research and analysis for proposed equipment lease/finance transactions utilizing existing resources, external sources and prior experience to provide researched and supportable values.
  • Calculate future value, assess residual risks and establish supported residual values based on historical, current and anticipated valuation. Interpret and analyze trends and developments that may impact future values.
  • Maximize the financial return on the sale, renewal, and early termination of existing true lease transactions by ensuring all relevant information is gathered and communicated.
  • Efficiently and profitably handle the return, storage, repair, marketing, and sale of off-lease equipment in both the U.S. and Canada.

 
  1. Stakeholder Management
  • Take on day-to-day responsibility for reviewing, providing feedback and guiding the Equipment Analysts’ work product. In addition, the Equipment Manager is responsible for, in an informal capacity, guiding the Equipment Analysts’ professional development, as well as providing feedback to the Head, Equipment Management group, for formal mid-year and year-end reviews.
  • Interact professionally with all associates across North America and external business colleagues at all times. Develop analysis on a timely basis.
  • Maintain relationships with prospective and current customers throughout the life of the transaction for diligence, inspection and re-marketing  purposes.
  • Establish and develop relationships with external equipment service providers including appraisers, inspectors and re-marketers  in order to obtain information to assist in the analysis of equipment for transactions across North America, as well as for the effective sale of equipment so that maximum proceeds are realized.

 

3. Risk Management and Control
  • Appropriately assess and credibly challenge assumptions and valuations provided by third parties.
  • Assist with providing thorough and supported asset values, as well as presentation materials, regularly scheduled internal committee meetings and other reporting requirements.
  • Maintain competency through continuing education, training, practice, and experience to ensure skills are up-to-date and knowledge is relevant to the current environment.

Work in compliance with corporate policies, procedures, and standards. 

Qualifications:
  • BA or BS Degree or equivalent Equipment Management experience required. Graduate experience/degree preferred.
  • Minimum of 10 years specific experience in the equipment management field, preferably with a well-recognized leasing company, bank or financial institution.
  • Proficiency in relevant software applications related to the leasing operations.
  • At least 10 years of equipment valuation and forecasting experience for unlimited equipment types including review, analysis, and interpretation of technical/market trends and other developments that affect equipment values.
  • A high degree of critical thinking to recognize equipment, transaction, and portfolio related risks and opportunities and to balance and manage these risks.
  • An in-depth understanding of lease financing products/structures, associated documentation, relevant tax concerns, and lease pricing.

At least 10 years’ experience with remarketing, including equipment  sales, renewals, terminations, and repossessions.
  • Well-developed written and oral communication and diplomacy skills to interact with senior management, sales, and credit
  • Strong negotiation skills.
  • Ability to function under pressure and meet deadlines while producing high quality and consistent results.

Capable of assertively supporting values and research based on a combination of quantitative and qualitative research and analysis.  

Salary Offered-US $130-140K+Benefits

Please share your resume with Lisa Brennan  at   lbrennan@deangroup.ca   to apply for the job opportunity.

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