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
Understand 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 spearhead special projects/activities assigned by department manager
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
Bachelor's degree in Business, Finance, Accounting, or related field and five (5) years of relevant banking/finance/leasing or asset management experience
A High School Diploma or GED and nine (9) years' of relevant banking/finance/leasing or asset management experience may 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
Skill 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:
$89,341.20 USD
Median:
$108,650.00 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. 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 diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and 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 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.
