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www.poplease.com

ASSET MANAGER
Nationwide

POPULAR EQUIPMENT FINANCE formerly Popular Leasing USA, headquartered in St. Louis, Missouri, began operations in 1996. It is part of Popular, Inc., a publicly owned diversified financial services company. Popular, Inc. is ranked among the 40 largest bank holding companies in the United States. With assets in excess of $40 billion, Popular, Inc. offers the necessary financial backing to Popular Equipment Finance.

Popular Equipment Finance provides customized financing solutions for a variety of equipment, including but not limited to: optical, veterinary, and medical equipment, automotive repair and industrial equipment, office furniture and computer systems, machine tools and fabricating machinery.

POSITION CHARACTERISTICS:

Supports Popular Equipment Finance business with equipment valuation expertise.
Develops and internally publishes approved Policy Residual matrix for various equipment types, provides equipment and valuation expertise for individual transactions as needed, and coordinates with outside valuation contacts for estimates of liquidation or residuals as needed.
Negotiates resale of equipment, either in place with current customers or with third party buyers, and coordinates with the Portfolio group and repossession/remarketing contractors to repossess and/or take back equipment to remarket in order to maximize proceeds.

DUTIES AND RESPONSIBILITIES:

Develop and administer prudent Policy Residuals.
Research and consider exception requests for particular transactions.
Assist credit and sales in structuring transactions in prudent manner.
Assist credit in understanding various equipment types.
Provide liquidation value estimates for particular transactions.
Negotiate with lessees at end of lease term in order to maximize residual realization.
Coordinate return and subsequent sale of end of term returned or repossessed equipment to maximize residual realization.
Develop contacts and information sources through resellers, appraisers, and used dealers.
Develop internal database of values for various equipment types.
Ensure timely and accurate maintenance of all accounts, including follow up of call activity and correspondence.
Responsible for developing applicable tracking, reporting and analysis for activities and performance.
Assist on other various projects and initiatives as needed.

SKILLS, KNOWLEDGE AND ATTRIBUTES REQUIRED:

Broad industry and equipment knowledge.
Experience in equipment analysis, setting residual policies and considering exception requests for various equipment types.
Remarketing experience for various equipment types.
Proven negotiation skills.
Strong analytical and problem-solving skills.
Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
Understanding of equipment finance, contracts and collection activity.

ACADEMIC BACKGROUND AND EXPERIENCE:

5 or more years experience in Asset Management function.
College Degree strongly preferred.

Equal opportunity employer, committed to creating a culturally diverse workforce.

For immediate consideration, interested candidates, should e-mail resumes to jstarck@bpop.com

Date Posted: March 7, 2008

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