Director, Asset Management (Equipment)

Pathward, N.A.

6d • $125,000 - $208,000 • Hybrid

About The Position

Lead the Asset Management department for Equipment Finance, including providing valuation analysis and support to the Working Capital and Structured Finance Groups. Oversee machinery and equipment collateral valuations, lease residual setting, deal pricing support, end-of-lease processes, repossessions, asset disposition and monitoring, and performance reporting. Develop and oversee collateral policies and procedures, manage and develop the Asset Management team, and oversee equipment remarketing, appraisals, inspections, and collateral reviews.

Requirements

• Bachelor’s degree or equivalent education and work experience.
• Typically, 8+ years of experience with a bachelor’s degree or equivalent.
• Ability to manage multiple competing priorities.
• Excellent verbal, written, and presentation communication skills.
• Ability to partner with and influence stakeholders at various levels, internally and externally.
• Strong collateral and valuation knowledge across multiple asset categories.
• Strong negotiation skills.
• Comfortable managing people.

Responsibilities

• Oversee machinery and equipment collateral valuations and lease residual setting.
• Work with Credit and Sales to structure deals, recommend advance rates, and review pricing for accuracy and reasonableness.
• Oversee end-of-lease processes, repossessions, asset disposition, asset monitoring, and performance reporting.
• Develop and oversee policies and procedures pertaining to Equipment Finance collateral, including equipment return and maintenance provisions, landlord waivers, and access agreements.
• Manage the Asset Management team’s work, performance, and development.
• Oversee lease returns, equipment buyouts, loan payoffs, and determination of Fair Market Value at lease end.
• Manage equipment remarketing and develop a third-party network of resellers and appraisers to liquidate and value collateral.
• Oversee quarterly and annual collateral reviews, including true lease residual impairment testing.
• Review appraisals and develop scopes of work for third-party appraisals.
• Manage equipment inspections, including selection of inspectors and establishment of inspection criteria.
• Perform other duties as assigned.

Benefits

• Annual performance-based incentive opportunity.
• Health insurance.
• 401(k) retirement benefits.
• Life insurance.
• Disability benefits.
• Paid time off.
• Comprehensive benefits package for eligible employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Director