Senior Equipment/Asset Manager

BMO•Irving, TX

About The Position

Assist with and manage portfolio transactions. Equipment evaluations, repossessions, remarketing, and end of lease negotiations with customers. Ability to coordinate and collaborate with business line leaders across direct and third-party channels. Ensures the required internal control standards, including adherence to audit, regulatory and compliance policies. Prepare written communications of both qualitative and quantitative research results in a clear and concise manner. Develop and manipulate models for cost and market approach analyses. Assist in the training and skills development of analysts and associates Serve as the lead on engagements and interact directly with all internal and external stakeholders. Provide completed valuations for manager review. Demonstrated ability to support programmatic and one-off valuation requests, inventory management, and liquidation across a diverse set of equipment types and industries. Ability to manage relationships with third-party agents for repossession, storage, remarketing, and resale, including expanding network for specialization, geography, and champion challenger opportunities. Exert strong decision-making and collaboration with Legal & Collections to determine optimal approach in managing portfolio performance by leveraging collateral position to maximize repayment A high degree of critical thinking to recognize equipment, transaction and portfolio related risks and opportunities and the ability to balance and manage these risks. Experience setting residual values in various asset classes such as Manufacturing, Construction, Transportation, and many other industries. Leverage tools & resources needed to conduct research & valuation based on a market analysis to successfully manage residual expectations for one-off and programmatic requests and activity Excellent and engaging communication skills Strong negotiation skills Strong analytical, organization, and time management skills The ability to manage multiple and diverse tasks and workflow simultaneously. The ability to function autonomously and proactively with minimal direct supervision. Confidence to make independent decisions and process information quickly. Oversight of policies and procedures to support asset management functions and processes. Liaise with credit and sales to support, advise, expedite and effectively manage the frontend residual / collateral valuation process. Track and manage all maturing leases and negotiate lessee and third-party sales including purchase options, renewals, and returns. Contribute to fee income opportunities through renewal activity. Attend industry conferences and network with peers across the industry Participates and provides leadership in Bank and community activities to increase Bank’s brand visibility and to enhance new business opportunities. Assists with sales and service administration and processing ensuring client experience is seamless and opportunities are identified and met. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus. Exercises judgment to identify, diagnose, and solve problems within given rules. Broader work or accountabilities may be assigned as needed.

Requirements

Typically, between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and critical thinking skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
Advanced level of proficiency: Product Knowledge Structuring Deals Portfolio Management Project Management Customer Service Problem Solving Negotiation Customer Relationship Building

Responsibilities

Assist with and manage portfolio transactions.
Equipment evaluations, repossessions, remarketing, and end of lease negotiations with customers.
Ability to coordinate and collaborate with business line leaders across direct and third-party channels.
Ensures the required internal control standards, including adherence to audit, regulatory and compliance policies.
Prepare written communications of both qualitative and quantitative research results in a clear and concise manner.
Develop and manipulate models for cost and market approach analyses.
Assist in the training and skills development of analysts and associates
Serve as the lead on engagements and interact directly with all internal and external stakeholders.
Provide completed valuations for manager review.
Demonstrated ability to support programmatic and one-off valuation requests, inventory management, and liquidation across a diverse set of equipment types and industries.
Ability to manage relationships with third-party agents for repossession, storage, remarketing, and resale, including expanding network for specialization, geography, and champion challenger opportunities.
Exert strong decision-making and collaboration with Legal & Collections to determine optimal approach in managing portfolio performance by leveraging collateral position to maximize repayment
A high degree of critical thinking to recognize equipment, transaction and portfolio related risks and opportunities and the ability to balance and manage these risks.
Experience setting residual values in various asset classes such as Manufacturing, Construction, Transportation, and many other industries.
Leverage tools & resources needed to conduct research & valuation based on a market analysis to successfully manage residual expectations for one-off and programmatic requests and activity
Excellent and engaging communication skills
Strong negotiation skills
Strong analytical, organization, and time management skills
The ability to manage multiple and diverse tasks and workflow simultaneously.
The ability to function autonomously and proactively with minimal direct supervision.
Confidence to make independent decisions and process information quickly.
Oversight of policies and procedures to support asset management functions and processes.
Liaise with credit and sales to support, advise, expedite and effectively manage the frontend residual / collateral valuation process.
Track and manage all maturing leases and negotiate lessee and third-party sales including purchase options, renewals, and returns.
Contribute to fee income opportunities through renewal activity.
Attend industry conferences and network with peers across the industry
Participates and provides leadership in Bank and community activities to increase Bank’s brand visibility and to enhance new business opportunities.
Assists with sales and service administration and processing ensuring client experience is seamless and opportunities are identified and met.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Broader work or accountabilities may be assigned as needed.