Asset Manager Equipment Finance

Application Deadline:

08/01/2024

Address:

790 N Water Street

Job Family Group:

Commercial Sales & Service

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 on 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 an expertise in end of lease negotiation and asset disposition.

Desired Qualifications:

• 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.
• Develop and implement effective remarketing strategies for off-lease and repossessed equipment.
• ASA or equivalent appraisal certification is a plus but not required.
• 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 appraiser based on the asset type and provide analysis and approval of appraisals.
• Review and negotiate legal documentation including maintenance and return language.

Salary :

$87,000.00 - $161,400.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: [https://jobs.bmo.com/global/en/Total-Rewards>

We’re here to help

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at [http://jobs.bmo.com/us/en>

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.