Equipment Finance Asset Manager

BMO

2d•Remote

About The Position

Asset 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.

Requirements

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.

Nice To Haves

ASA or equivalent appraisal certification is a plus but not required.

Responsibilities

Evaluate commercial equipment.
Remarketing of assets.
Assist with the overall management of the equipment finance portfolio.
Establish residual and collateral values for equipment leases and secured finance transactions.
Identify and mitigate risk in transactions.
Collaboratively work with and support other teams, including Credit, Pricing, and Sales.
End-of-lease negotiation and asset disposition.
Develop and implement effective remarketing strategies for off-lease and repossessed equipment.
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 an appraiser based on the asset type and provide analysis and approval of appraisals.
Review and negotiate legal documentation, including maintenance and return language.