Asset Management - AVP

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering a diverse range of financial services including banking, leasing, securities, credit cards, and consumer finance. The Group operates over 130 offices and employs 80,000 people worldwide across nearly 40 countries. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and an extensive global network.

About the role

The AVP, Asset Management is responsible for managing asset management and loss recovery activities within the Asset Management Department. This role supports portfolio performance through effective residual valuation, equipment remarketing, end-of-lease management, and loss recovery collections.

Responsibilities

• Manage appraisals, residual values, end-of-lease processes, remarketing, and loss recovery activities.
• Develop and manage relationships with third-party repossession, appraisal, remarketing, and recovery vendors.
• Perform equipment valuations and coordinate inspections and appraisals.
• Work closely with Sales, Credit, and external parties to remarket inventory and negotiate sales to maximize recoveries.
• Coordinate with the Collections team on accounts trending toward repossession and forecast potential losses.
• Prepare quarterly portfolio valuations and residual value analyses.
• Maintain customer communications and documentation including bills of sale, notices of sale, and demand letters.
• Maintain collateral appraisal and equipment valuation databases.
• Prepare regular and ad-hoc management reports.
• Pursue deficiency recoveries in coordination with customers, legal counsel, and third-party agencies.
• Provide operational support to the Collections team to achieve delinquency targets.
• Coordinate end-of-lease equipment returns, invoicing, and collections for non-compliant returns.

Requirements

• 5–7 years of specialized experience in Financial Services, preferably in asset management and collections within the leasing industry.
• Bachelor’s degree or equivalent experience.
• Strong understanding of the full leasing lifecycle including origination, maturity, repossession, resale, litigation, and bankruptcy.
• Experience with lease management systems such as Aspire or similar platforms.
• Advanced Excel proficiency including VLOOKUP and Pivot Tables.
• Knowledge of Power BI dashboard tools.
• Proficiency in MS Office (Word, Excel, PowerPoint) and lease servicing systems such as Aspire.

Skills

• Strong written and verbal communication skills with internal and external stakeholders.
• Ability to manage multiple stakeholders and competing priorities.
• Experience using valuation and pricing tools such as TValue.
• High attention to detail and strong analytical capabilities.
• Ability to work independently and perform under time-sensitive conditions.

Additional Requirements

• This role is based in a standard SMBC office environment.
• The position may require extended hours or occasional weekend work to meet business and operational requirements.
• Employees participate in a Hybrid workforce model, requiring residence within a reasonable commuting distance of their office location.

Pay

The anticipated salary range for this role is between $70,000.00 and $80,000.00. The specific salary offered will be based on individual qualifications, experience, and market analysis at the time of hire. The role may also be eligible for an annual discretionary incentive award.

Benefits

SMBC offers a competitive portfolio of benefits to its employees in addition to cash compensation.