Product Specialist II/III – Equipment Management

Bank of America

Equipment Management Officer at Bank of America focusing on valuing leased equipment. Collaborating with various teams to assess and mitigate risks in transactions involving secured finance.

Posted 6/26/2026full-timeChicago • California, Illinois, Massachusetts, New York • 🇺🇸 United StatesMid-LevelSenior💰 $71,000 - $175,000 per yearWebsite

About the role

Key responsibilities & impact

Identify markets and participate in the valuation of leased equipment.
Evaluate residual values in structuring lease contracts and participate in inspection programs to ensure that leased equipment is well maintained.
Assess asset risk through an extensive evaluation process in order to establish residual and collateral values for equipment leases and secured finance transactions.
Identify and mitigate risk in transactions and collaborate with Credit, Pricing, and Sales teams.

Requirements

What you’ll need

Minimum 3+ yrs experience in the leasing industry and/or professional equipment valuation experience.
Commercial acumen combined with desire to engage with customers and suppliers at all levels.
Analytical and mathematical skills – ideally aligned to financial products.
Proficiency in Microsoft Office, with emphasis on Excel competency.

Benefits

Comp & perks

Health insurance
401(k) matching
Flexible work hours
Paid time off
Discretionary incentive eligible

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

equipment valuationresidual value assessmentrisk assessmentfinancial analysislease contract structuringmathematical skillsanalytical skills

Soft Skills

commercial acumencustomer engagementcollaborationcommunication