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Asset Management – Valuations Leader
Locations: (Hybrid): Parsippany, NJ; Jacksonville, FL; Charlotte, NC; Dallas, TX; Redmond, WA & St. Louis, MO

Company Overview

TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.

TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services, as part of the company’s strategy to refocus on its core retirement business and Nuveen, the company’s asset manager. When the transaction is complete, in 2023, TIAA will retain a non-controlling stake in the bank, demonstrating the company’s confidence in the bank’s future success.

Asset Management – Valuations Leader

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.
Educational Requirements
  • University (Degree) Preferred
Work Experience
  • 5+ Years Required; 7+ Years Preferred
Physical Requirements
  • Physical Requirements: Sedentary Work
Career Level: 8PL

Required Qualifications
  • 5 years of asset management experience in the equipment finance industry
Preferred Qualifications
  • Residual Setting experience for various equipment types including transportation, construction, healthcare, and materials handling.
  • Prior management experience
  • Proficient in Microsoft Office suite (specifically Excel)
  • Strong communication and presentation skills
  • American Society of Appraiser’s (ASA) certified
  • Knowledge of financial services (such as pricing and portfolio management)
Base Pay Range: $123,800/yr. - $206,300/yr.

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. 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).

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