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Sr. Equipment Finance Asset Manager

EverBank

Parsippany, NJJob$134–181K/yrTracked 1mo agoSeen in employer's feed 5 days ago

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At a glance

Compensation
$134–181K/yr
Location
Parsippany, NJ
Work Authorization
Not specified

Job overview

EverBank is hiring a Sr. Equipment Finance Asset Manager. The Sr. Equipment Finance Asset Manager leads a team that manages end‑of‑lease vendor equipment portfolios, negotiates renewals and sales, oversees inventory disposition, and ensures regulatory compliance while developing external remarketing sources and residual value recommendations.

Key focus areas include Manage end‑of‑lease vendor equipment portfolio team to maximize performance, Negotiate end‑of‑lease renewals and equipment sale opportunities with vendors and customers, and Oversee inventory of returned equipment and repossessions to maximize gain on disposition.

Successful candidates bring 5 Years Financial Services Industry Experience. Important skills include Complex Leases Documentation, Vendor Program Agreements, Remarketing Agreements, Equipment Lease Accounting Methodologies, FMV, and DFL's. Preferred (not required): TRAC, LeaseWorks, Transportation Domain, and Construction Domain.

Skills & qualifications

RequiredNice to have

Skills

Complex Leases DocumentationVendor Program AgreementsRemarketing AgreementsEquipment Lease Accounting MethodologiesFMVTRACDFL'sPreparing Amortization SchedulesStructuring Equipment LeasesNegotiationStrategic SellingRelationship ManagementCommunication With Senior ManagementCross Functional AbilitiesOrganizational SkillsAttention to DetailPlanningFollow-UpProblem SolvingRecognize Equipment, Portfolio and Market Risks & OpportunitiesBalance and Manage RisksTeam Performance ManagementRegulatory ComplianceInternal ComplianceEquipment FinancingLeaseWorksTransportation DomainConstruction DomainEffective Communication With Senior ManagementRegulatory and Internal Compliance

Qualifications

5 Years of Experience in the Financial Services IndustryUniversity Degree7+ Years of Experience in Equipment Financing

Full job description

Sr. Equipment Finance Asset Manager

The Equipment Finance Asset Manager Sr is responsible for managing an end-of-lease vendor equipment portfolio management team that maximizes the end of lease performance by administering end of lease negotiations with vendor partners and customers to maximize renewal opportunities and in place equipment sale opportunities. Manages the inventory of returned equipment and repossessions to maximize gain on disposition and recoveries. Manages the process of early buyout and payoff requests to ensure accuracy and efficiency. Ensures minimal portfolio delinquency of equipment in renewal. Responsible for the development and management of external remarketing sources including equipment vendors and remarketers. Serves as a backup when need in establishing equipment residual values and thoroughly researches collateral / markets to make accurate residual value recommendations across a broad spectrum of asset types and industries in a vendor equipment leasing environment.

Key Responsibilities and Duties

  • Highly experienced in complex leases documentation, vendor program agreements and remarketing agreements and has a through understanding of equipment lease accounting methodologies across many transaction types including: FMV, TRAC, Split-TRAC, DFL's and loans. Experience in preparing amortization schedules and structuring of equipment leases.

  • Possesses strong negotiation, strategic selling and relationship management skills with the ability to foster these attributes within the team.

  • Must be able to effectively communicate with senior management of vendor partners and senior credit management. Must possess strong cross functional abilities to influence desired outcomes with finance, operations and originations teams.

  • Serves as a key point for escalation for internal and external customers to provide resolution on complex asset management issues combined with strong organizational skills with attention to detail, planning and follow-up.

  • Continuously evaluates the portfolio to identify potential early sale opportunities, disposition, or termination of leases to maximize sale proceeds and enhance portfolio yield. A high degree of critical thinking to recognize equipment, portfolio and market risks & opportunities and the ability to balance and manage these risks.

  • Contributes to improvement of policies, procedures and processes to enhance asset management operational efficiency and remarketing efforts.

  • Manages team performance through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional portfolio outcomes and to foster team member engagement, motivation, and development.

  • Responsible for ensuring satisfactory regulatory and internal compliance results.

Minimum Qualifications

  • 5 years of experience in the financial services industry

  • Knowledge and understanding of equipment financing including loans and leases

Preferred Qualifications

  • 7+ years of experience in equipment financing

  • Strong experience in transportation and construction domains

  • Prior experience with LeaseWorks or similar platform

Educational Requirements

  • University (Degree) Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

8PL

Posting end date - 8/31/26

Job Seeker Notice

EverBank, N.A. is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers.

The Company's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money.

VEVRAA Federal Contractor

Member FDIC

Notice to Job Seekers (https://everbank.com/about/careers/notice-to-job-seekers)

Pay Range $133,719 - $180,915

EverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.

We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.

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