Commercial Bank - Lease End Specialist - Chase Equipment Finance (Columbus, OH or Chicago, IL)

Company Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, Company Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its Company Chase & Co brands. Company Chase & Company website committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.

Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.

J.P. MorganEquipment Finance (EF) is part of Company Chase's Commercial Bank and focuses on meeting the equipment finance and leasing needs of mid-size companies and large corporations. The group finances a wide variety of equipment types, with transaction costs typically in excess of $1 million.

Company Equipment Finance provides guidance and effective solutions for financing any equipment required to operate a client's business. EF partners with various businesses within Company Chase to deliver an attentive and seamless client experience, covering four primary lines of business and over 3,000+ clients with a team of over 100 employees in 12 offices across the United States. Company Equipment Finance is the 6th largest Bank-Owned Leasing Company and 16th largest leasing company in the United States with over $5 billion in total assets.

Company Equipment Finance – Lease End Negotiator / Equipment Remarketer works along side sales and equipment management in remarketing equipment coming off lease or attained through repossession, as well as quoting lease and loan early buyouts. The candidate will work closely with sales, tax, internal equipment appraisers, third party appraisers and resellers, as well as directly with end users. The candidate should have a working knowledge of equipment sales, skills to work through present value calculations, an ability to interpret contracts and a negotiate with both resellers and equipment buyers.

Responsibilities:

• Calculating and preparing quotes for, as well as processing, early payoff of loan and lease transactions. Work directly with clients, bank market partners and EF Sales and Operations. Payoffs include the calculations of principal & interest accruals for loans and purchase options and applicable taxes for leases.
• Evaluate the current market value of equipment approaching end of lease for purposes of negotiating either a sale or the return of the equipment. Once evaluation is complete, prepare purchase quote for presentation to the client.
• Remarketing of off-lease or repossessed equipment through agents, brokers and auctions as necessary, including, but not limited to the following asset types: railcars, trucks, trailers, yellow iron, machine tools, aircraft.
• On-boarding and engaging of the third party vendors.
• Support reporting requirements as necessary.

Qualifications

• Bachelor's degree or equivalent work experience
• 3+ years in equipment finance with equipment remarketing experience
• Strong communication and negotiating skills
• Relationship building skills, providing the ability to excel within a team approach
• Ability to prioritize workload and multi-task with minimal management supervision
• Firm grasp of PV calculations and use of Microsoft Excel
• Documentation review skills including knowledge of lease end return conditions