Associate Asset Manager - Equipment Leasing (Hybrid, IL)

Byline Bank•Bannockburn, IL

16d•$90,000 - $105,000•Hybrid

About The Position

The Associate Asset Manager – Equipment Leasing executes the end-of-term and asset disposition stages of the equipment leasing lifecycle. The role focuses on vendor and customer relationships, operations, portfolio performance, and cross-functional collaboration, and requires industry expertise, strong problem-solving and analytical capabilities, and timely, accurate execution. The position manages lease documentation, buyout quotes, inspections, returns, renewals, asset logistics, inventory records, equipment valuation, portfolio reporting, and disposition strategies across material handling, compact utility, general construction equipment, healthcare, and technology. It collaborates with internal teams and external partners to support compliant asset recovery and lifecycle transitions, while maintaining compliance with lease agreements, regulatory requirements, accounting standards, environmental regulations, and internal policies. This is a hybrid role combining remote and in-office work, with occasional office visits based on business needs. The salary range is $90,000 to $105,000 plus incentive. The role is not eligible for visa sponsorship for applicants in the United States.

Requirements

Bachelor’s degree in finance, accounting, business, or a related field preferred; relevant industry knowledge may be considered.
2–4 years of experience in material handling or other general construction equipment, equipment leasing, asset management, or financial operations preferred.
Understanding of equipment fair market values, residual values, equipment economics, and leasing regulations.
Working knowledge of reviewing contract documentation and finance agreements.
Proficiency in Excel, Adobe, and standard software; comfort using technology and query tools.
Strong communication and cross-functional collaboration skills.
Familiarity with banking or financial services environments.
Consistent adherence to established procedures and adaptability to new tools and process adjustments.
Strategic thinking and ability to communicate and implement plans that support the Bank’s goals.
Self-motivation, effective time and project management, and strong attention to detail.
Strong organizational skills and ability to balance multiple projects and priorities according to organizational needs and strategies.

Nice To Haves

Experience with LTi or similar leasing systems is strongly preferred.
Relevant industry knowledge may be considered in place of the preferred bachelor’s degree.
Experience in material handling or other general construction equipment, equipment leasing, asset management, or financial operations.

Responsibilities

Facilitate residual realization strategies across material handling, compact utility, general construction equipment, healthcare, and technology channels.
Manage end-of-term lease documentation and asset records to ensure accurate recordkeeping, audit readiness, compliance, and efficient workflow execution.
Calculate and verify vendor and customer buyout quotes according to established methodologies and quote validity policies.
Coordinate end-of-term activities, including inspections, returns, and renewals.
Organize deinstallation, transportation, and storage logistics for returned assets.
Generate chargeback invoices for return freight, damage repairs, and hour overages in accordance with contract terms, reconciling charges with conditioning documentation to confirm lessee liability.
Develop and maintain relationships with dealers, manufacturers, and lessees.
Maintain off-lease inventory records, including asset status, location, remarketer assignment, and days held; escalate aged assets according to established thresholds.
Conduct equipment valuation analyses using market data and comparable sales, evaluate disposition opportunities, and recommend strategies to maximize residual value recovery.
Monitor industry trends in equipment economics, including supply and demand dynamics and pricing impacts.
Produce recurring and ad hoc portfolio, vendor, and off-lease inventory reports using established reporting templates.
Analyze portfolio and asset performance, including residual positions, disposition outcomes, inventory metrics, and profitability drivers, and recommend ways to optimize performance.
Coordinate with Legal, Collections, Sales, Credit, and Operations to facilitate compliant asset recovery, disposition, and lifecycle transitions.
Ensure compliance with lease agreements, regulatory requirements, accounting standards, environmental regulations, and internal policies related to equipment leasing.
Perform other duties as assigned.