Director, Asset Management (Equipment)

Lead Asset Management department for Equipment Finance, including providing valuation analysis and support to Working Capital and Structured Finance Groups

• →Oversee all machinery and equipment collateral valuations, lease residual setting, pricing (work with Credit and Sales to structure deals, recommend advance rates, review pricing for accuracy and reasonableness), end of lease, repossessions, asset disposition, asset monitoring, and performance reporting.
• →Develop and oversee the execution of all policies and procedures pertaining to collateral within Equipment Finance, including, but not limited to, reviewing and maintaining equipment return/maintenance provisions, providing support on landlord waivers and access agreements, etc.
• →Manage the work, performance, and development of the Asset Management team. The Asset Management team handles all lease returns, equipment buyouts and loan payoffs, and determines Fair Market Value at the end of the lease.
• →Manage the remarketing of equipment and develop a third-party network of resellers and appraisers to liquidate and value collateral.
• →Oversee quarterly/annual collateral review process, including true lease residual impairment testing.
• →Appraisal review including development of scope of work for 3rd party appraisals.
• →Manage equipment inspections, including selection of inspectors and specific inspection criteria.
• →Other duties as assigned

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

The responsibilities listed above are not all inclusive and may be changed at any time.

Salary range: $125,000– $208,000

The salary range reflects the minimum and maximum target for a new hire in this role. Individual pay within the range will be determined by multiple factors which can include but are not limited to a candidate’s experience, qualifications, skills, and location. Your recruiter can share more about the specific salary for your location during the hiring process. Ranges may be modified in the future. This role is also eligible for an annual performance-based incentive opportunity.  Pathward offers a comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off, and more.

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