Manager, Portfolio Management

GATX•Chicago, IL

2d•Hybrid

About The Position

At GATX, we hire the best and offer our employees a dynamic, energetic, collaborative environment to enable them to make an impact from day one. Enjoy the perks and benefits of a global company with the close-knit culture and community of a much smaller one. In the same way we strive to empower our customers to propel the world forward, we are dedicated to providing our people with the tools and resources they need to advance in their careers. The Manager, Fleet Assignments and Renewals will actively manage multiple freight car fleets that serve key rail markets within GATX Rail’s portfolio. Specifically, the goal of the position is to maximize the economic returns of the involved car types. Tactically, this entails working with the North American Sales organization on identifying and structuring lease transactions (for both assignments and renewals), as well as assessing opportunities for incremental railcar investment and divestiture. In addition, the position is heavily involved in end-of-lease negotiations required to reach settlements pertaining to contractual lessee liability. They will also be responsible for fleet management activities pertaining to their specific fleets and support of broader strategic initiatives. Qualified candidates who are currently Wells Fargo Rail employees will be given priority consideration over other external applicants.

Requirements

Bachelor’s degree with focus in business or engineering, an MBA is preferred
4-7 years of experience (rail industry or equipment leasing) preferred.
Entry-level knowledge of rail cars, their users, and their markets is required.
Understanding of basic principles of finance is required.
Basic knowledge of lease structuring and accounting, other deal experience a significant plus
Travel requirements are flexible and will evolve as the individual defines his or her approach to the role. Travel may be a significant part of the job and might be as frequent as 5 to 10 times per year.
This is a hybrid position that will require the employee to work in the office at least 3 days a week throughout the year.

Responsibilities

Manage the overall assignment process and all individual transactions involving car types for which the incumbent has designated responsibility.
Manage the overall renewal process involving car types for which the incumbent has designated responsibility.
Manage the overall release process, and all individual transactions, for each product code/fleet for which the incumbent has responsibility.
Develop tactics and manage the implementation of strategic initiatives intended to maximize existing fleet returns and profitable growth, within specific car types (whether managed by this individual, or not) and the entire fleet when necessary.
Work with Structured Transactions, Sales, Strategic Growth, others to target car owners, (may be shippers, railroads, financial owners, etc.) for the purchase of existing assets to either be leased back, or redeployed to other customers.
Stimulate interest in the available fleet with Sales and their customers by communicating availability, market conditions and creative deal suggestions.
Provide input towards or lead investment analysis to develop recommendations regarding asset purchases, divestitures and other types of transactions.
Support formulation of long- and short-term revenue forecasts
Develop pricing guidelines for renewals and assignments, and remarketing assumptions to guide car investment
Support management reporting of idle car availability, assignment and renewal pricing effectiveness, etc.
On larger transactions, be an advocate and deal team contributor who develops rationale surrounding equipment related matters that pertain to the considered investment.