Director, Asset Management

Summary

Join Pathward, a hybrid, remote-office financial empowerment company, as a Lead Asset Management professional in our Equipment Finance department. You will oversee all collateral valuations, lease residual setting, pricing, and asset disposition. Manage the Asset Management team, develop and execute policies and procedures, and manage the remarketing of equipment. This role requires a bachelor's degree or equivalent experience, 8+ years of experience, strong communication and negotiation skills, and collateral and valuation knowledge. Pathward offers a competitive salary, annual performance-based incentives, and a comprehensive benefits package including health insurance, 401(k), life insurance, disability benefits, and paid time off. We encourage applications from diverse candidates.

Requirements

• Bachelor's degree or equivalent education and work experience
• Typically, 8+ years with bachelor's or equivalent
• The ability to manage multiple competing priorities
• Excellent communication skills including verbal, written, and presentation
• The ability to partner and influence at various levels, both internally and externally
• Strong collateral and valuation knowledge across multiple asset categories
• Strong negotiation skills
• Comfortable managing people

Responsibilities

• Oversee all collateral valuations, lease residual setting, pricing (work with Credit and Sales to structure deals, recommend advance rates, review pricing for accuracy and reasonableness), end of lease, repossessions, asset disposition, asset monitoring, and performance reporting
• Develop and oversee the execution of all policies and procedures pertaining to collateral within Equipment Finance, including, but not limited to, reviewing and maintaining equipment return/maintenance provisions, providing support on landlord waivers and access agreements, etc
• Manage the work, performance, and development of the Asset Management team
• Manage the remarketing of equipment and develop a third-party network of resellers and appraisers to liquidate collateral
• Oversee quarterly/annual collateral review process, including true lease residual impairment testing
• Appraisal review including development of scope of work for 3rd party appraisals
• Manage equipment inspections, including selection of inspectors and specific inspection criteria
• Other duties as assigned

Benefits

• Health insurance
• 401(k) retirement benefits
• Life insurance
• Disability benefits
• Paid time off
• Annual performance-based incentive opportunity