Equipment Finance Asset Manager

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career — a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Equipment Finance Asset Manager is responsible for appraising commercial equipment to establish an accurate valuation, negotiates and enforces various end-of-lease transactions, disposes of returned equipment and assists with overall management of an equipment finance portfolio. The position works within objectives, policies and plans which support Regions Equipment Finance models and aligns with Bank strategy.

Primary Responsibilities

Researches various equipment types to project present and future equipment values for the purpose of providing residual pricing to the marketing, credit, or PAM in a timely and thorough manner

Understands components of equipment leasing to ensure prudent equipment covenants are incorporated into lease/loan documentation to protect equipment value and mitigate risk

Monitors the various equipment markets for technology changes, market influences and regulatory changes that affect value of leased equipment and residual pricing

Performs and coordinates portfolio and administration activities as assigned and required by policy

Works with customers, internal partners, and third parties to amiably maximize gain and mitigate loss in equipment dispositions

Performs equipment inspections as needed and arrange outside third party inspections and appraisals as requested.

May work with more senior asset managers

Assists more senior asset managers or be the secondary contact on key relationships

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

Bachelors degree in Finance, Accounting, or related field and three (3) years experience in relevant banking/finance/leasing

A High School Diploma or GED and seven (7) years experience in relevant banking/finance/leasingmay substitute for a Bachelor’s degree

Preferences

Equipment financing and/or asset management experience

Master of Business Administration

American Society of Appraisers (ASA) affiliation and/or designation

Skills and Competencies

Ability to travel periodically and attend seminars and training as requested

Ability to work individually, and on team

Detail oriented

Excellent computer skills (Microsoft Office, Excel, Word, etc.)

Excellent written and verbal communication skills.

Proven ability to establish and cultivate internal and external relationships as necessary to support function and business

Sense of urgency

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$64,050.40 USD

Median:

$86,540.00 USD

Incentive Pay Plans:

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that “one size does not fit all” for benefits-eligible associates. (https://www.regions.com/about-regions/benefits/benefits-eligibility) Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center

Location:

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.