Asset Management - AVP

Sumitomo Mitsui Banking Corporation•New York, NY

1d•Hybrid

About The Position

The AVP, Asset Management is responsible for managing asset management and loss recovery activities within the Asset Management Department. The role supports SMFL’s portfolio performance through effective residual valuation, equipment remarketing, end-of-lease management, and loss recovery collections.

Requirements

Strong understanding of the full leasing lifecycle including origination, maturity, repossession, resale, litigation, and bankruptcy.
Experience with lease management systems such as Aspire or similar platforms.
Strong written and verbal communication skills with internal and external stakeholders.
Ability to manage multiple stakeholders and competing priorities.
Experience using valuation and pricing tools such as TValue.
High attention to detail and strong analytical capabilities.
Advanced Excel proficiency including VLOOKUP and Pivot Tables.
Ability to work independently and perform under time-sensitive conditions.
Knowledge on Power BI dash board tool
5–7 years of specialized experience in Financial Services, preferably in asset management and collections within the leasing industry.
Bachelor’s degree or equivalent experience.
English required; Spanish preferred.
MS Office (Word, Excel, PowerPoint) and lease servicing systems such as Aspire.

Responsibilities

Manage appraisals, residual values, end-of-lease processes, remarketing, and loss recovery activities.
Develop and manage relationships with third-party repossession, appraisal, remarketing, and recovery vendors.
Perform equipment valuations and coordinate inspections and appraisals.
Work closely with Sales, Credit and external parties to remarket inventory and negotiate sales to maximize recoveries.
Coordinate with the Collections team on accounts trending toward repossession and forecast potential losses.
Prepare quarterly portfolio valuations and residual value analyses.
Maintain customer communications and documentation including bills of sale, notices of sale, and demand letters.
Maintain collateral appraisal and equipment valuation databases.
Prepare regular and ad-hoc management reports.
Pursue deficiency recoveries in coordination with customers, legal counsel, and third-party agencies.
Provide operational support to the Collections team to achieve delinquency targets.
Coordinate end-of-lease equipment returns, invoicing, and collections for non-compliant returns.