What are the responsibilities and job description for the Asset Manager position at Western Equipment Finance?
- This position can be located in either West Fargo, ND, Chandler, AZ, Marshall, MN, Devils Lake, ND, or remote. If in West Fargo, ND, Chandler, AZ, Marshall, MN or Devils Lake, ND, in-person schedule required.
Essential Functions
The following responsibilities describe the primary work of the role. Percentages are estimates and may vary based on portfolio needs, business priorities, and assignments.
Equipment Valuation and Market Intelligence - 30%
- Research regional and nationwide equipment markets to determine accurate, supportable retail and auction values.
- Provide equipment valuations and recommendations for originations, servicing, collections, and portfolio-risk decisions.
- Prepare and maintain accurate monthly impaired-worksheet reporting and supporting market comparables.
- Assess fraud-related collateral concerns and escalate material risks to appropriate business partners.
- Communicate value conclusions, assumptions, and risks clearly to internal business partners.
- Manage cost-effective repossession and recovery efforts, including coordination with recovery agents and internal teams.
- Analyze expected recovery, cost, timing, asset condition, location, market demand, and operational risk to select practical strategies.
- Maintain timely status updates and complete documentation for open repossessions, voluntary surrenders, and secured assets.
- Escalate strategic, unusual, or high-risk matters to the supervising Vice President.
- Manage recovered-equipment sales, including pricing strategy, buyer outreach, offer evaluation, negotiation, remarketer or vendor coordination
- Maintain accurate asset listings and system records, including timely advertising changes and sold-unit removals.
- Develop and maintain buyer, auction, remarketer, reseller, and recovery-agent relationships aligned with business strategy.
- Monitor inventory and recommend pricing reductions, auction placement, or other liquidation actions.
- Support accurate documentation and efficient completion of equipment sales.
- Manage end-of-term lease accounts, residuals, customer notices, collections, and remarketing activities.
- Administer auto-renewal payments and support partial-payoff calculations and related asset-value considerations.
- Coordinate with internal teams and customers to clarify requirements, gather information, resolve issues, and maintain accurate records.
- Evaluate and improve processes, including liquidation strategy, pricing-reduction timelines, remarketing channels, and daily workflow efficiency.
- Participate in department initiatives, meetings, and special projects as needed.
This is a full-time position with benefits.
Required Qualifications
- Associate's degree in business or a related field.
- Three or more years of experience in the equipment finance industry.
- Working knowledge of equipment valuation, market research, repossession, recovery coordination, remarketing, and asset disposition.
- Advanced interpersonal and communication skills for internal and external customer, vendor, dealer, and service-provider relationships.
- Ability to work on call as needed and travel up to 20 percent.
This is a full-time position with benefits.
At Western, “what” you know is important, but not as important as how you relate to teammates and customers. Our environment is based on the principles of respect, curiosity, creativity, individual empowerment, and the ability to listen effectively and communicate openly. We also believe in continual learning, bias toward action, keeping commitments, and doing our absolute best every day. We believe that our ability to deliver on our promise is a result of these high standards.
Western Equipment Finance is an EEO and Affirmative Action Employer.