What are the responsibilities and job description for the Ground Service Equipment Lease Portfolio Manager position at Worldwide Flight Services (WFS)?
Job Summary
The Ground Service Equipment (GSE) Lease Equipment Portfolio Manager is responsible for the end-to-end management of WFS GSE leased equipment portfolio, including lease origination, lifecycle administration, and end-of-term management. This role ensures operational efficiency, financial accuracy, risk mitigation, and compliance across all GSE leasing activities. The position partners closely with internal teams (Accounting, Fixed Assets, Tax, Legal, and Operations) and external lessors to optimize portfolio performance and support strategic decision making.
Lease Origination & Execution
- Coordinate with OEM and lease providers for asset availability, costing, and lead times.
- Manage lease intake process and oversee the onboarding of new leasing transactions.
- Lead lessor engagement, relationship management, and performance oversight.
- Govern Master Lease Agreements (MLAs) and Service Level Agreements (SLAs).
- Manage and coordinate lease bid processes, ensuring competitive and compliant outcomes.
- Oversee document closing process, including final review and execution of equipment schedules.
- Coordinate distribution of leasing documentation and data across Accounting, Fixed Assets (FA), Tax, and relevant stakeholders.
- Ensure accurate recording of leased assets in Lease Management Systems (LMS), partnering with GSE Administration.
- Coordinate with Finance/Accounting teams on regulatory filings and tax reporting requirements.
- Evaluate lease structuring options and provide recommendations to leadership; support and execute approved decisions.
Lease Lifecycle Management
- Maintain accurate asset records and data integrity within lease management systems.
- Administer database management and ensure timely updates to lease information.
- Negotiate early lease terminations, buyouts, and restructuring arrangements.
- Partner with Finance and Tax teams on ongoing regulatory filings and compliance requirements.
- Compile and provide leasing data and reporting to support internal departments (e.g., Finance, Operations, Strategic Planning).
- Serve as primary point of contact for routine lease-related inquiries across the organization.
- Monitor lease performance and ensure alignment with financial and operational goals.
End-of-Lease (EOL) Management
- Administer end-of-lease processes, including documentation, notifications, and compliance tracking.
- Ensure adherence to contractual return conditions and asset disposition requirements.
- Develop and execute FMV (Fair Market Value) strategies for lease buyouts and extensions.
- Negotiate end-of-term outcomes including renewals, extensions, buyouts, or returns.
- Maintain proper documentation and audit-ready records for all EOL transactions.
- Coordinate with Finance/Tax teams on final regulatory filings and tax implication.
- Evaluate EOL options, provide strategic recommendations to leadership, and execute approved actions.
- Bachelor’s degree in Finance, Business Administration, Accounting, or related field
- Five (5) years of experience in heavy industrial equipment leasing, asset management, or portfolio management
- Knowledge of lease structures, documentation, and lifecycle processes
- Ability to collaborate cross-functionally across Finance, Tax, Legal, and Operations
- Strong attention to detail, good organizational skills
- Talk, listen, and speak clearly on telephone, with co-workers and external partie
- Primarily office environment, at times may travel to stations at airports, and may be subjected to loud noises
- Remain in a stationary position 50% of the time
- Sit and/or stand for short or extended periods of time
- Occasionally move about inside an office setting and/or to remote sites, including airports
- Constantly operates a computer
- Want your pay in advance? Access your pay when you need it through DailyPay app!
- Are you a top performer who thrives on recognition? On the spot awards offered through the Awardco Platform including gift cards and more!
- Need quality medical care? Multiple options for both full and part-time employees!
- Want WFS Employee Extras? Travel Discounts, Pet insurance, Discount Shopping & More!
- Looking to stay healthy and improve your life? Wellness Programs offered to all employees!
- Want to invest in your future? 401k program offered!
- Looking to grow and have a career with us? Opportunity for Internal Mobility and transfers available!