Asset Management Administrator
About the Role
Support Mitsubishi HC Capital America, Inc., (MHCA) Asset Management Department by managing the remarketing and sale of repossessed and end-of-lease assets, ensuring timely processing, strong recovery results, and accurate system tracking.
The incumbent accepts responsibility for maintaining the internal control system associated with the essential duties and responsibilities of the functional areas managed.
Responsibilities
- Remarketing & Sales
- Manage the sale of repossessed and off-lease assets through dealers, auctions, vendors, and direct buyers.
- Maintain and update online sales channels (website, listings, marketing platforms) with accurate photos, condition reports, and pricing.
- Coordinate inspections, reconditioning, transportation, and vendor services to prepare assets for sale.
- Prepare and submit invoices related to these activities for payment.
- Develop and maintain relationships with dealers, vendors, and buyers to increase exposure and improve sales outcomes.
- Monitor performance against recovery and inventory turnover goals.
- Handle inquiries, verify buyer eligibility, and ensure proper documentation and tax handling.
- Asset Management
- Track and manage all repossessed and off-lease inventory in internal systems.
- Ensure assets are sale-ready within established timelines (target: 30 days) and sold (target: 90 days).
- Coordinate with internal teams (Credit, Collections, Accounting, etc.) to support efficient asset disposition.
- Prepare and manage required documentation (e.g., notices of sale, titles, bills of sale, release letters).
- Oversee auction activity, dealer coordination, and vendor compliance.
- Maintain accurate records and documentation in asset management systems.
- Manage, monitor, and respond to all email requests through the remarketing and AM values box accurately and in a timely manner.
- Operations & Process Improvement
- Support internal controls and ensure compliance with company policies and legal requirements.
- Collaborate with management to improve remarketing strategies, processes, and vendor performance.
- Monitor timelines associated with notices of sale, bankruptcies, and title processing.
- Used Truck Evaluations
- Provide timely and accurate equipment valuations using market data sources (e.g., Black Book, auction data, industry guides).
- Support credit, collections, and wholesale teams with valuation insights.
- Key Performance Indicators (KPIs)
- Recovery percentage to annual budget
- Days in Inventory
- Call, Comment, and Valuation turn time
- Responsibility and Decision-Making Authority
- Develop, present, implement, and maintain enhancements to the Asset Management’s Website/database.
- Act independently to determine appropriate solutions to locate and track inventoried assets.
- Commitment to SOX Compliance
Requirements
- Bilingual is a plus.
- Ability to interact with MHCA management, MHCA-approved vendors, and sales teams to fulfill job requirements.
- Strong ability to adhere to strict management-assigned deadlines.
Skills
- Thinking Skills: Cognitive, analytical, creativity/innovation, and problem-solving.
- Communications: Oral, written, ability to listen, and ability to manage communications and transmit information.
- Interpersonal Relationships: Ability to work in a team and strong interpersonal communication.
- Technical and Professional: Strong computer software skills, thoroughness, and detail-oriented.
- Personal Qualities: Autonomy, perseverance, and being organized.
- Entrepreneurship: Results-oriented and negotiation skills.
Qualifications
- BA/BS in Business, Communications, or Finance preferred or equivalent experience.
- Minimum 5 years of similar related job experience, specifically in transportation asset management/remarketing.
Tools and Equipment Used
- Company-assigned laptop/virtual PC, copier, fax, phone, and other typical office equipment.
Pay
The position is exempt and the salary will be between $71,100.00 and $80,612.00 with an opportunity to earn a discretionary annual bonus. The salary range is determined based on internal equity, market data/ranges, applicant's skills, prior relevant experience, and education.
Schedule
Hours may vary and will require some evening work; frequently requires working 40-45 hours/week depending on business needs.
Benefits
- Medical, dental, and vision plans
- 401(k) and matching
- Paid Time Off
- Company-paid life insurance
- Employee Assistance Program
- Training and development opportunities
- Employee discounts
Physical Demands
- Digital dexterity and hand/eye coordination in operation of office equipment.
- Light lifting and carrying of supplies, files, etc.
- Ability to speak to and hear customers and/or other employees via phone or in person.
- Body motor skills sufficient to enable movement between office locations.