Equipment Finance End of Term Remarketing Analyst

Fifth Third Bank • Cincinnati, OH

2d • Onsite

About The Position

Responsible for the negotiation of terms on all early buyouts and end of term leases. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor's Degree.
• Up to 3 years of related work experience, ideally in equipment finance.
• Experience with negotiation, plus understanding and enforcing contracts preferred.
• Experience with InfoLease preferred.
• Working knowledge of Microsoft Office programs such as Word, Excel, and Access Database.
• Ideally has experience achieving team-oriented goals, ability to multi-task, strong organizational skills, and customer service orientation.

Responsibilities

• Track and review all maturing leases and negotiate equipment sales including purchase options, renewals, and early terminations.
• Have all purchase options approved at levels consistent with the Bancorp Residual Policy.
• Actively explore end of term or early buyout options with lease customers to negotiate the value of the leased assets in an effort to maximize the return on investment and enhance the overall portfolio yield.
• Review residual positions on expiring leases and prepare a 12 month forecast report to be distributed to the Leasing Company management.
• Coordinate an equipment sale database with the Asset Manager. This database will assist in providing sale information for the establishment of residual positions and purchase option values.
• Develop and maintain a network of equipment sales contacts including equipment wholesalers and retailers, equipment manufacturers, and equipment users.
• Prepare a presentation to management a biweekly activity sales gains, extended rents, and fee income.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level