Description:
The Equipment Finance Asset Manager will be a member of our 1st Equipment Finance team which is a Division of Peoples Security Bank & Trust. In this role, our manager is responsible for overseeing the management, valuation, and disposition of assets related to the equipment finance portfolio. This role focuses on maximizing the value and minimizing the risks associated with leased or financed equipment. The Asset Manager works closely with the EVP, SVP credit officer, operations, sales, and legal teams to ensure the effective handling of assets throughout the lifecycle of a deal, from origination to asset recovery.
Requirements:
Essential Duties:
- Asset Management: Oversee the management of equipment assets within the finance portfolio, ensuring proper tracking, valuation, and assessment of condition.
- Portfolio Monitoring: Regularly review portfolio performance to identify risks or opportunities related to asset value and market trends.
- Valuation & Risk Assessment: Conduct ongoing asset appraisals to assess the current value of financed equipment and mitigate potential losses.
- Disposition & Recovery: Manage the remarketing and disposition of equipment assets at the end of the finance terms or in case of default, aiming to maximize recovery values.
- Vendor & Partner Relationships: Establish and maintain relationships with third-party vendors, appraisers, and auction houses to facilitate equipment inspections, valuations, dispositions and disposal.
- Compliance & Reporting: Ensure adherence to all regulatory requirements and internal policies related to asset management. Prepare detailed asset performance reports for internal stakeholders.
- Cross-functional Collaboration: Work with credit and sales teams during the deal structuring process to evaluate equipment types, market conditions, and value risks.
- Market Insight: Stay informed on equipment market trends, technology advancements, and resale values for different equipment classes, providing strategic insights for pricing and financing decisions.
Benefits Offered to Peoples Security Bank Employees
- Medical Plans
- Dental Plan
- Vision Plan
- Life Insurance
- Disability Insurance
- 401(K) Plan
- ESOP Plan
- Paid Time Off
- Paid Holidays
- Employee Assistance Program
- Banking Classes
- College Tuition Reimbursement
- Internal Advancement Opportunities
Company Overview
Established in 1905, Peoples Security Bank & Trust Company is headquartered in Scranton, Pennsylvania, and is one of the largest community banks in Eastern Pennsylvania, with a footprint stretching from Binghamton, New York down through the Endless Mountains into the Greater Scranton Area, the Poconos, Lehigh Valley, Greater Delaware Valley, Greater Pittsburgh Region in Pennsylvania to Piscataway, New Jersey.
Peoples Security Bank & Trust is more than a financial institution in the communities we serve; we are a part of them as well. We are always looking at the needs of our customers and how we can exceed their expectations as we continue to make enhancements while maintaining our hometown values. No matter what you do or where you go, Peoples Security Bank will be here to assist you with your financial needs.
Peoples Security Bank and Trust Company is an Equal Opportunity Employer
Requirements
Education/Training: Bachelor's degree in finance, business, or a related field. Experience in the commercial finance or leasing sector and certification in asset management or valuation preferred.
Skill(s): Strong knowledge of asset valuation and disposition strategies; excellent analytical, organizational, and problem-solving skills; proficiency in asset management software and financial analysis tools; ability to collaborate with internal and external stakeholders; familiarity with the equipment finance industry, including various asset types (e.g., construction, transportation, manufacturing).
Experience: 5+ years of experience in equipment finance, asset management, or a related field.
Physical Requirements: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 50 pounds. This position requires regular use of a computer.
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