TIAA Bank Asset Management - Valuations Leader (Hybrid) in Chesterfield, Missouri
Asset Manager - Valuation
The Asset Management - Valuations Leader will lead a team of Equipment Valuations Analysts and be responsible for managing and establishing equipment residual values, conducting in-depth collateral/market analysis of existing residual exposure, and thoroughly research collateral/markets to make accurate residual value recommendations on collateral types in a vendor leasing equipment environment.
Key Responsibilities and Duties
Conducts in-depth collateral/market analysis of existing residual exposure and review/update residual positions monthly.
Completes a comprehensive research supporting the overall residual policy on existing and new equipment by studying the market, collateral, competitors, technology, and review residual methodology and positions.
Ability to articulate the reasoning and rationale behind equipment valuations and to synthesize multiple variable inputs into well-reasoned, supportable opinions of value.
Provides mark to market valuations and implements mark to market review process, including managing the semi-annual asset impairment review process.
Leads asset management discussions with banking regulators, internal audit, and internal oversight authorities.
Assists business with policy compliance initiatives and leads productivity projects.
- University (Degree) Preferred
- 5+ Years Required; 7+ Years Preferred
- Physical Requirements: Sedentary Work
- 5 years of asset management experience in the equipment finance industry
Residual Setting experience for various equipment types including transportation, construction, healthcare, and materials handling. Â
Prior management experience
Proficient in Microsoft Office suite (specifically Excel)
Strong communication and presentation skills
American Society of Appraiserâs (ASA) certified
Knowledge of financial services (such as pricing and portfolio management)
Potential Salary: $159,337.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.Â In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).Â
As a part of TIAAâs Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.Â
TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. Thatâs why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.Â
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Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.