Lease Pricing Specialist

Job Description:

Job Title: Lease Pricing Specialist

Corporate Title: VP

Location: London

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Role Description:

We are looking for a Lease Pricing Specialist to join the Global Leasing, Pricing & Portfolio Analysis team, which has  teammates in the US, London and Hong Kong. You will support for various segments of the Global Leasing business that are engaged in a broad range of structured asset-finance transactions (including asset-secured lending, finance leasing, operating leasing and hybrid / structured products in a broad range of asset classes and markets).  You will be responsible for handling all aspects of pricing, economic analysis, and structuring support on assigned new business and portfolio management projects and may also be required to work on occasional strategic analytic assignments and/or development of tools to support the Leasing business globally.

Responsibilities:

• You will be required to evaluate transaction economics, price new transactions for both hold and sell, and model transactions around internal metrics and/or syndication markets

• Use creativity to optimize cash flows / structures and prepare presentation materials for internal and external presentation

• Prepare associated document schedules, pricing exhibits and review and develop documentation as needed.

• You will act as an analytical consultant and provide economic and structuring solutions to the Leasing team, external clients, management both informally and within formal transaction review forums

• Provide support in identifying and working through commercial, structural, tax and accounting issues and be point of contact for Credit, Risk, Finance, Tax, and Operations on economic, tax, structural and accounting issues. 

• You will be required to develop and maintain models as needed.

What we are looking for:

• Bachelor's Degree preferably in mathematics, theoretical science, economics, accounting or finance

• At least 3 years with complex Financial Analysis or related experience

• Lease or Structured Asset Finance related work experience preferred, but not essential.

• Experience in use of Excel and/or specialized tools for cash flow optimization and analysis. 

• Good communication skills (both written and verbal) and the ability to communicate highly detailed or technical concepts to a diverse audience.  

• Ability to work efficiently on multiple ongoing transactions/projects

• Ability to investigate inefficient solutions and raise concerns with team.

Skills that will help:

•  A good understanding of leasing or related asset finance products and technical expertise in associated lease taxation, accounting, or regulatory capital calculations is preferred.

• Proficiency in Ivory SuperTrump and/or Warren & Selbert ABC (or similar) is particularly advantageous, but not essential.

• Coding skills helpful.

• Demonstrated experience working with Accounting, Tax, Credit, Operations and Documentation functions in the Leasing / Structured Asset Finance / Project Finance or similar sector.

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.