Credit Manager II - Valuation/Equipment Management Group

Bank of America•Boston, MA

1d•Hybrid

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! The Equipment Management Valuation Manager is responsible for directing the Equipment Management Group (EMG) Valuation team, which provides valuations for new and existing Leasing transactions. Importantly, this involves 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 to meet the needs of the Global Leasing business.

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
Attention to Detail
Loan Structuring
Portfolio Management
Risk Management
Underwriting
Coaching
Collateral Management
Credit Documentation Requirements
Relationship Building
Written Communications
Active Listening
Client Management
Critical Thinking
Oral Communications
Performance Management

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