Director, Equipment Finance Asset Management

First Citizens Bank • Jacksonville, FL

2d • Hybrid

About The Position

This is a hybrid role with the expectation that time working will regularly take place inside and outside of our Jacksonville, FL office
First Citizens Bank Equipment Finance provides leasing and equipment financing solutions to small businesses and middle market companies in a wide range of industries on both a private label and direct basis. We provide financing solutions for our borrowers and lessees, and assist manufacturers and distributors in growing sales, profitability, and customer loyalty by providing customized, value-added finance solutions to their commercial clients.
This position provides senior operational management and leadership of Asset Management functions for the Equipment Finance division with responsibility over end of term leasing operations. Leads strategic initiatives for maximizing residual realization, optimizing go-to-market strategies, and mitigating risk. Provides supervision, development, coaching and training on appropriate servicing responsibilities. Ensures compliance with state and federal regulations, Bank policies and established Standard Operating Procedures.

Requirements

• Bachelor's Degree and 8 years of experience in Leadership and Asset Management
• High School Diploma or GED and 12 years of experience in Leadership and Asset Management

Nice To Haves

• Experience in multiple asset management functions or equivalent experience (Evaluations, End of Lease & Remarketing)
• Financial Sales Industry Experience
• Strong leadership skills, experience managing multiple levels within a team.
• Tech savviness, with the ability to pick up new technologies, and have strong knowledge of MS Office Suite including Excel and Power Point.
• Ability to cross collaborate and effectively communicate and work with different levels within the bank including stakeholders.
• Project management skills, the ability to develop ideas and turn them into project plans, and to manage assigned projects.

Responsibilities

• Business Support - Focuses on building relationships with vendors and partners and creating market-leading strategies and structures. Assist in due diligence and formulation of operating procedures. Develop and implement a long-term plan for maximizing the performance of the Equipment Finance portfolio. Drive organization and optimization of internal processes to enhance effectiveness and performance. Monitor emerging risks and opportunities.
• Managerial Functions - Responsible for hiring, establishing performance standards, conducting performance appraisals and recommending disciplinary action as necessary. Plans, organizes, and coordinates a balanced workload throughout the department. Oversee the development of training for assigned staff. Ensure employee compliance with departmental policies and procedures.
• Reporting - Creates robust reporting to measure results and KPI's for individual performance. Monitor employee performance and asset management metrics. Responsible for the implementation of reporting systems and methods in support of asset decision making.
• Compliance - Monitors the execution of Asset Plans and Strategies. Verifies compliance with the program and ensures that the expected outcomes are being realized. Recommend adjustments as needed. Understands and comply with bank policies and procedures, laws, regulations and security guidelines, as applicable to job duties. Understands and complies with bank policy, laws and regulations, as applicable to job duties. Completes compliance training and adheres to internal procedures and controls. Report any known violations of compliance policy, laws, or regulations and reports any suspicious customer and/or account activity.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees