Director, Structure Asset Finance
Who are we?
Institutional Banking and Markets provides relationship management and product capability for the Bank's major corporate, government and institutional clients. IBM offers Total Capital Solutions to our clients, ranging from core transactional banking to debt, equity and financial markets risk management products and services.
The team - Equipment Management Advisory (EMA)
EMA is a business unit of Structured Asset Finance (SAF), Specialised Finance, Corporate Banking Solutions, Institutional Banking Markets. SAF provides a wide range of asset backed financing products for the Bank's institutional banking client base. It operates globally with offices in Australia, New Zealand, Hong Kong, Europe and the USA. An important focus for SAF is the natural resource, transportation and logistics industry. It has a significant investment in the mining industry, principally within Australia and New Zealand however with potential for offshore transactions.
EMA is CBA's centre of excellence for assessing, managing and holding residual value positions which support the provision of operating lease transactions and the execution of asset secured lending transactions. It also provides valuable input into all equipment related aspects of CBA's institutional banking lending activities. It is resourced by fully accredited valuation and appraisal experts with wide industry experience. The business has been in existence for over 15 years. It is a key differentiator for CBA in providing equipment related finance to its client base.
The role purpose:
- Analysis, research and assignment of fair market values on mining construction equipment (or portfolios of mining construction equipment) either to enable EMA to underwrite a residual guarantee position and/or for CBA to participate in financing transactions.
- Review of existing lease and residual value documentation to ensure that all technical aspects relating to subject mining construction equipment are fully understood. Assist in drafting of new lease and residual value documentation to ensure that CBA's interests are protected.
- Ongoing asset management during the term of the financing. This will include regular physical inspection of equipment under lease, review of maintenance records, review of utilisation/usage records and review of management oversight undertaken by third parties.
- Initiate and engage in such sales and marketing activities as may be appropriate to dispose of equipment acquired by EMA in the process of fulfilling residual value guarantee obligations.
- Where necessary or desirable, manage the ongoing utilisation of the equipment via means other than outright sale e.g. re-lease, etc.
- Assist in the ongoing education of internal risk colleagues to broaden knowledge and understanding of the mining construction industry.
- Provide expert industry opinion to assist with the assessment of commercial and market risk aspects relating to CBA's mining construction equipment portfolio.
Qualifications and Experience required:
- Significant experience at a senior management level in a mining construction equipment environment involving finance, sales, purchasing or asset management.
- Successful engagement as a sales representative/asset manager negotiating the sale/lease of mining construction equipment with customers at a senior management level.
- A strong technical background obtained with mine owner, mining contractor, manufacturer of mining construction equipment, mining consultancy and/or maintenance provider.
- Technical maintenance or mining analytical qualifications.
- A strong global network of contacts within the mining construction equipment industry.
- A good understanding of financial products available for the financing of equipment.
- Detailed knowledge of the mining construction equipment industry.
- Formal appraisal/valuation accreditation with a recognised body. If formal appraisal accreditation is not held, the successful applicant will be required to obtain such.
For a detailed job description please contact Jason Bohringer in HR on 02 9240 6380 or Jason.bohringer@cba.com.au or to be considered for this rewarding position, please apply online today.
Advertised:
14 Nov 2013 Aus. Eastern Standard Time
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