Director Commercial Asset Management - (Remote - Colorado)

Overview

This is a remote role that may only be hired in the following location(s): Colorado

Capital Equipment Finance provides equipment loans and leases for transactions ranging in size from $3 million to $100 million and more. We offer flexible terms of up to eight years, with advance rates tailored to the equipment and credit strength of the borrower.

This role is responsible for working with the commercial leasing team to establish accurate equipment values, set appropriate residual values, develop a collateral curve over the term of a transaction, negotiate the “end of lease” and “early termination” transactions with customers, diligently dispose of returned equipment, as well as assist with the overall equipment portfolio management and adhoc departmental special projects.

Responsibilities

• Valuations – Research multiple equipment types to develop present and future equipment values for the purpose of providing residual pricing to the commercial team and credit in a timely and efficient manner
• Actively participate in early read transaction reviews to provide guidance on structure and potential residual values
• Monitor the various equipment markets for material technology, regulatory changes, and other market dynamics that may affect the value of leased equipment, residual pricing and values of similar equipment
• Perform broad range of portfolio and administrative activities as assigned, to include but not limited too, required accounting, review of return conditions documentation and reporting necessary to ensure compliance with internal and external requirements
• Coordinate and assist with the calculation of FMV lease terminations and buyouts; communicate amounts to the lessee.
• Remarketing – Initiate research for end of lease account responsibilities; use research data to determine market value ranges and renewal rental rates, stick rate, disposition strategy , and execute approved action plan. Remarket and sell returned equipment in an efficient and cost-effective manner to maximize net proceeds and mitigate losses to the bank
• Arrange / coordinate equipment inspections as needed including arranging outside third party inspections and appraisals as needed
• Perform other job-related duties as may be needed
  
  

Qualifications

Required:

• Bachelor's Degree and 8 years of experience in Asset Management OR High School Diploma or GED and 12 years of experience in Asset Management
  
  

Preferred

• Education: Bachelor’s Degree
• License or Certification Type: Accredited Senior Appraiser Certification Preferred
• Experience in Asset Management required
• Experienced with all types of equipment types and industries including; construction, manufacturing, automotive, energy, trucking, chemicals, plastics and retail
• Demonstrated experience in equipment valuation and remarketing of various types and ability to work independently and lead projects with minimal supervision
• Accredited Senior Appraiser Certification preferred
• Advanced communication skills required
• Advanced organizational skills required
• Ability to partner and collaborate with others and other teams required
• Ability to drive strategic direction required
• Business acumen/knowledge required
• Strong knowledge of Microsoft Office products
  
  

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $175,000 and $210,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits