Credit Manager II - Valuation/Equipment Management Group

Bank of America • Boston, MA

1d • Onsite

About The Position

At Bank of America, the Equipment Management Valuation Manager is responsible for directing the Equipment Management Group (EMG) Valuation team. This team provides valuations for new and existing Leasing transactions, specifically setting Residual Values (RV) for new lease transactions and periodically assessing the recoverability of RVs in the existing portfolio. The role also involves setting direction, policies/procedures, and guidelines to maximize the team’s efficiency and meet the needs of the Global Leasing business. Bank of America is committed to an in-office culture with specific requirements for office-based attendance, allowing for an appropriate level of flexibility based on role-specific considerations. The company aims to help make financial lives better through Responsible Growth, fostering an inclusive workplace, attracting and developing talent, supporting teammate wellness, recognizing performance, and making an impact in communities.

Requirements

• 10+ years of experience in equipment management, equipment valuation, equipment finance, or a closely related function
• Demonstrated experience leading and developing professionals within a risk, credit, valuation, or asset management environment
• In-depth knowledge of equipment markets, asset valuation methodologies, and lifecycle risk considerations, preferably within a bank-owned or regulated leasing platform
• Demonstrated experience evaluating complex equipment assets across multiple industries and market cycles
• Proven ability to exercise sound judgment when forming value conclusions in the presence of incomplete, evolving, or conflicting information
• Demonstrated experience producing defendable valuation conclusions supported by market research, data analysis, and documented assumptions
• Experience translating technical equipment information, market data, and valuation inputs into clear business recommendations for senior stakeholders
• Demonstrated ability to independently prioritize work and manage deliverables in a high volume, transaction driven environment
• Experience operating within defined risk, control, and governance frameworks, including adherence to policies, procedures, and escalation protocols
• Demonstrated ability to adopt and leverage internal systems, tools, and data platforms to support valuation, portfolio, and reporting needs

Nice To Haves

• Bachelor’s Degree in Finance, Accounting, Economics, Engineering, Business, or a related discipline
• Professional accreditation such as American Society of Appraisers (ASA)
• Experience supporting structured lease products within commercial or corporate leasing environments

Responsibilities

• Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals
• Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement
• Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions
• Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues
• Provides inspection, coaching and feedback to motivate, differentiate and improve performance, while assessing talent and building bench strength for roles across the organization
• Actively manages expenses and budgets in alignment with objectives, making sound financial decisions
• Delivers results by effectively prioritizing, inspecting and appropriately delegating team work
• Leads a team of valuation professionals, optimizing knowledge of equipment markets and applying market intelligence to risk/return parameters of new transactions; evaluates new target markets and supports analysis, winning, and management of new equipment investment opportunities
• Builds and maintains relationships with internal and external customers to support the growth of the Leasing portfolio; demonstrates knowledge of a wide range of equipment types and markets, including Trucking, Mining and Construction, Rail, Materials Handling, Warehouse Equipment, Energy, Marine, and Manufacturing
• Manages the evaluation process for a high volume of assets and transactions across diverse equipment types (excluding aircraft), ensuring adherence to EMG policies, procedures, controls, and analytical principles
• Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals
• Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement
• Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions
• Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues
• Provides inspection, coaching and feedback to motivate, differentiate and improve performance
• Actively manages expenses and budgets in alignment with objectives, making sound financial decisions
• Assesses talent and builds bench strength for roles across the organization
• Delivers results by effectively prioritizing, inspecting and appropriately delegating team work

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to employees
• Annual discretionary award based on 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

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees