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Asset Management Specialist

Career Details

Full-Time St. Cloud / Hybrid Posted on 4/21/2022

At Falcon National Bank, we are passionate about helping our customers and the communities where we live and work. This is accomplished by finding talented individuals who share in our Mission of building life-long relationships, our Vision of growth and success, and our Values of high integrity and reliable execution.  Falcon National Bank is currently looking for an Asset Management Specialist to join our team in our St. Cloud location.

POSITION DESCRIPTION: The Asset Management Specialist 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 Falcon National Bank’s Equipment Finance models and aligns with Bank strategy.
POSITION DUTIES & RESPONSIBILITIES
• Conduct in-depth collateral/market analysis of existing residual exposure and review/update residual positions monthly. • Research various equipment types to project present and future equipment values for the purpose of providing residual pricing. • Work with customers, internal partners, and third parties to maximize gain and mitigate loss in equipment dispositions. • Monitor the various equipment markets for technology changes, market influences and regulatory changes that affect value of leased equipment and residual pricing. • Perform equipment inspections as needed and/or arrange outside third party inspections and appraisals as requested. • Determine valuations as requested by the credit team. • Analyze mid-term and end-term pricing to provide various FMV purchase and lease renewal options. • Assist with the re-marketing of off-lease equipment through a combination of dealers, brokers, and end-users.
• Prepare quarterly Residual Reports and Impairment Reviews for equipment segments and address current residual exposure.
• Other duties as assigned.
REQUIRED SKILLS
• Must be detailed, highly analytical, organized, and able to multi-task.
• Must be flexible and focused to meet multiple deadlines.
• Understand basic contract and legal terminology.
• Understanding of T-Value pricing calculators.
• Demonstrated accuracy and sound judgement, proven analytical skills.
• Highly proficient in MS Office (Word, Excel, PowerPoint).
• Professional verbal and written communication skills.
• Outstanding customer service skills.
REQUIRED EDUCATION/EXPERIENCE

• Bachelor's degree in finance or accounting preferred
• 3-5 years of Equipment Finance and Asset Management experience
• Solid understanding of valuation methodologies and Financial Modeling

Falcon National Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.