VP Asset Management

The VP Asset Management is responsible for maximizing the utilization and return on the company's rental equipment assets through effective inventory management, equipment movement, INDEX management, purchasing and disposal analysis, and oversight of the Asset Management, Order Admin and related functions. Requirements OPTIMIZES EQUIPMENT ROI AND UTILIZATIONPreparing and maintaining utilization reporting used to evaluate equipment performanceMonitoring rental SKU utilization, shop-to-shop transfer and cross rental activityEstablishing target utilization levels by asset classIdentifying underperforming or constrained equipment categoriesUsing utilization and cost information to support equipment purchase, movement and disposal decisions OVERSEES ASSET MANAGEMENT TEAMDeveloping and managing tools and processes for the Asset Management teamManaging the day-to-day performance of the Asset Management teamEstablishing priorities and performance expectationsEnsuring Asset Management decisions support company utilization and ROI objectives MANAGES SHOP-TO-SHOP EQUIPMENT MOVEMENT AND COSTSOverseeing the review of shop-to-shop equipment requestsReducing, rerouting or cancelling unnecessary equipment movements where appropriateDeveloping processes to reduce shop-to-shop freight expenseReviewing shop-to-shop costs and trendsBalancing freight cost against equipment availability and business requirements MANAGES EQUIPMENT INDEXReviewing INDEX curves for continued accuracyEvaluating depreciation rates, utilization levels and E-code INDEX assignmentsReviewing INDEX components including storage and shop multipliersMaintaining INDEX costs for new E-codesInvestigating and resolving INDEX-related errorsProviding data and analysis for manual INDEX adjustments MANAGES EQUIPMENT PURCHASE AND DISPOSAL ANALYSISReviewing utilization and asset performance prior to recommending equipment purchases or disposalsReviewing ORPL equipment purchase requests and non-ORPL requests within established approval thresholdsManaging the ORPL review process and maintaining accurate ORPL information in NexusDetermining recommended purchase quantities based on utilization, cross rental, shop-to-shop activity and expected demandEvaluating whether equipment purchases should be show-costed based on expected future utilizationPartnering with the COO, Finance and Purchasing on significant capital decisions MANAGES USED EQUIPMENT SALESDeveloping and managing the framework used to evaluate Used Gear performanceEstablishing minimum selling prices and maximum listing quantitiesIdentifying equipment appropriate for disposal based on utilization, age, market value and company requirementsMonitoring results from equipment disposal MANAGES NEXUS LIBRARIANDeveloping and managing tools and processes for the Nexus LibrarianManaging day-to-day performance and prioritiesEnsuring equipment information within Nexus supports accurate operational and financial decision-making MANAGES ORDER ADMIN DEPARTMENTDeveloping and managing tools and processes for the Order Admin departmentManaging day-to-day performance and priorities of the Order Admin teamEnsuring Order Admin processes effectively support company operations PROVIDES ASSET PERFORMANCE ANALYSISProviding the COO and CEO with regular visibility into asset utilization and performanceIdentifying trends and opportunities requiring management attentionProviding asset data and analysis for broader company financial and operational decisionsMeasuring the results of significant equipment purchase, movement and disposal decisions