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Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all our clients' needs. The Senior Vice President of Asset Management (the “AM”) will be responsible for the timely risk mitigation, valuation, and profitability management around PCC’s portfolio of financed and leased assets. In addition to managing the risk and valuation side of the portfolio this position will also insure that in remarketing and early termination situations that profitability is maintained through equipment sales. Furthermore, this position will be responsible for active participation in all equipment finance related loan committee meetings and activities. Additional responsibilities will include annual review of our equipment portfolio to ensure adherence to ASC 842 standards and evaluations and other projects as determined by management and deemed necessary. The AM reports directly to the Executive Vice President of Risk Management for Peapack Gladstone Bank (PGB), with indirect reporting responsibilities to the President of Peapack Capital Corporation (PCC). The ideal candidate for this role is a self-starter, a team player, who is detail-oriented and possesses strong analytical skills. In this role, you will independently approve equipment financing structures, equipment types, and anticipated booked residual value positions for PCC. The AM will collaborate with all disciplines of the Equipment Finance team and utilize independent and objective judgment in performing equipment related analysis, evaluations, appraisals, and asset sales techniques. The AM will be responsible for assisting in the development, maintenance and publishing of equipment management related guidelines, procedures, and manuals. Key responsibilities:

• Preparation of Collateral Reviews and Collateral Curve analyses supporting underwriting group credit approval packages for new business transactions in a timely, concise, and professional manner.
• Performing Annual Reviews of the entire PCC equipment portfolio to ensure estimated values reasonably align with original collateral estimates and valuations.
• Performing the annual ASC 842 Unguaranteed Residual Value Review for those transaction/assets with unguaranteed booked residual value positions and determine impairments, if any.
• The AM will assist legal/documentation in approving all invoices/PO’s for funding and provide, when necessary, equipment maintenance, return, notification, and other relevant equipment language required to ensure proper asset management for any documented transaction.
• Will manage and ensure profitability for the PCC portfolio of leased and owned assets to ensure continued profitability for PCC.
• Will assist other parts of the bank such as middle market and asset-based lending in helping them determine asset valuations and providing appraisal review and opinion for the banks overall commercial business.

Qualifications: Minimum Qualifications/Requirements for this position:

• Education: Bachelor’s Degree or Equivalent
• License/Certificates: Accredited ASA Senior Appraiser Preferred
• Experience: At least 15 years’ asset management experience within the equipment finance industry
• Technical Qualifications: Knowledge of equipment valuation approaches and techniques per American Society of Appraisers standards.

If you are ready to work at an organization where your knowledge and creative solutions are valued; where bureaucracy, red tape and endless layers of management are non-existent, Peapack-Gladstone Bank is the place for you. For more information or to submit your resume, contact: Christopher McNally, Recruiter (908) 470-6417 • cmcnally@pgbank.com [post_title] => SVP - Asset Management [post_excerpt] =>
Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all our clients' needs. The Senior Vice President of Asset Management (the “AM”) will be responsible for the timely risk mitigation, valuation, and profitability management around PCC’s portfolio of financed and leased assets. In addition to managing the risk and valuation side of the portfolio this position will also insure that in remarketing and early termination situations that profitability is maintained through equipment sales. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => svp-asset-management [to_ping] => [pinged] => [post_modified] => 2021-08-31 20:22:05 [post_modified_gmt] => 2021-09-01 00:22:05 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.monitordaily.com/?post_type=classifieds&p=83188 [menu_order] => 0 [post_type] => classifieds [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 1 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 83188 [post_author] => 151 [post_date] => 2021-08-31 20:18:00 [post_date_gmt] => 2021-09-01 00:18:00 [post_content] =>
Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all our clients' needs. The Senior Vice President of Asset Management (the “AM”) will be responsible for the timely risk mitigation, valuation, and profitability management around PCC’s portfolio of financed and leased assets. In addition to managing the risk and valuation side of the portfolio this position will also insure that in remarketing and early termination situations that profitability is maintained through equipment sales. Furthermore, this position will be responsible for active participation in all equipment finance related loan committee meetings and activities. Additional responsibilities will include annual review of our equipment portfolio to ensure adherence to ASC 842 standards and evaluations and other projects as determined by management and deemed necessary. The AM reports directly to the Executive Vice President of Risk Management for Peapack Gladstone Bank (PGB), with indirect reporting responsibilities to the President of Peapack Capital Corporation (PCC). The ideal candidate for this role is a self-starter, a team player, who is detail-oriented and possesses strong analytical skills. In this role, you will independently approve equipment financing structures, equipment types, and anticipated booked residual value positions for PCC. The AM will collaborate with all disciplines of the Equipment Finance team and utilize independent and objective judgment in performing equipment related analysis, evaluations, appraisals, and asset sales techniques. The AM will be responsible for assisting in the development, maintenance and publishing of equipment management related guidelines, procedures, and manuals. Key responsibilities:

• Preparation of Collateral Reviews and Collateral Curve analyses supporting underwriting group credit approval packages for new business transactions in a timely, concise, and professional manner.
• Performing Annual Reviews of the entire PCC equipment portfolio to ensure estimated values reasonably align with original collateral estimates and valuations.
• Performing the annual ASC 842 Unguaranteed Residual Value Review for those transaction/assets with unguaranteed booked residual value positions and determine impairments, if any.
• The AM will assist legal/documentation in approving all invoices/PO’s for funding and provide, when necessary, equipment maintenance, return, notification, and other relevant equipment language required to ensure proper asset management for any documented transaction.
• Will manage and ensure profitability for the PCC portfolio of leased and owned assets to ensure continued profitability for PCC.
• Will assist other parts of the bank such as middle market and asset-based lending in helping them determine asset valuations and providing appraisal review and opinion for the banks overall commercial business.

Qualifications: Minimum Qualifications/Requirements for this position:

• Education: Bachelor’s Degree or Equivalent
• License/Certificates: Accredited ASA Senior Appraiser Preferred
• Experience: At least 15 years’ asset management experience within the equipment finance industry
• Technical Qualifications: Knowledge of equipment valuation approaches and techniques per American Society of Appraisers standards.

If you are ready to work at an organization where your knowledge and creative solutions are valued; where bureaucracy, red tape and endless layers of management are non-existent, Peapack-Gladstone Bank is the place for you. For more information or to submit your resume, contact: Christopher McNally, Recruiter (908) 470-6417 • cmcnally@pgbank.com [post_title] => SVP - Asset Management [post_excerpt] =>
Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all our clients' needs. The Senior Vice President of Asset Management (the “AM”) will be responsible for the timely risk mitigation, valuation, and profitability management around PCC’s portfolio of financed and leased assets. In addition to managing the risk and valuation side of the portfolio this position will also insure that in remarketing and early termination situations that profitability is maintained through equipment sales. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => svp-asset-management [to_ping] => [pinged] => [post_modified] => 2021-08-31 20:22:05 [post_modified_gmt] => 2021-09-01 00:22:05 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.monitordaily.com/?post_type=classifieds&p=83188 [menu_order] => 0 [post_type] => classifieds [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 1 [max_num_pages] => 1 [max_num_comment_pages] => 0 [is_single] => [is_preview] => [is_page] => [is_archive] => 1 [is_date] => [is_year] => [is_month] => [is_day] => [is_time] => [is_author] => [is_category] => [is_tag] => [is_tax] => 1 [is_search] => [is_feed] => [is_comment_feed] => [is_trackback] => [is_home] => [is_privacy_policy] => [is_404] => [is_embed] => [is_paged] => [is_admin] => [is_attachment] => [is_singular] => [is_robots] => [is_favicon] => [is_posts_page] => [is_post_type_archive] => [query_vars_hash:WP_Query:private] => c9526fda77405a90cc2aa7ad43118c4f [query_vars_changed:WP_Query:private] => 1 [thumbnails_cached] => [stopwords:WP_Query:private] => [compat_fields:WP_Query:private] => Array ( [0] => query_vars_hash [1] => query_vars_changed ) [compat_methods:WP_Query:private] => Array ( [0] => init_query_flags [1] => parse_tax_query ) ) 1