ASSET MANAGER
Position Title : Asset Manager
Status : Full-Time, Non-Exempt
Reports To : Associate Vice President of Portfolio Management
Location : On-Site. Irvine, CA.
The Company
Founded in 1990, Pacific Rim Capital (PRC) is one of the largest independent equipment leasing
companies and payment solutions providers in North America. PRC specializes in financing powered
industrial vehicles, transportation fleets, warehouse automation solutions (AGVs), clean energy
technology, mobile datacenters, and IT & communications equipment. We are headquartered in Irvine,
CA, have grown to over 100 team members, and manage a portfolio of nearly $5 billion in equipment
assets, proudly serving a roster of valued Fortune 500 companies.
Job Summary
As an Asset Manager, you will make ample use of your existing analytical, communication, and time management skills while also developing new ones as part of PRC’s Portfolio Management team.
This will include updating, analyzing, and preparing various reports for management. This colleague will chiefly be responsible for asset risk of new transactions and remarketing returning equipment.
The Asset Manager shall be able to identify and mitigate risk with opportunities that PRC uncovers. The colleague will be interfacing as well as supporting the Portfolio Management team as well as other departments throughout the company including, but not limited to, Accounting, Opportunity Management, and Sales.
Key Responsibilities
New Lease Pricing
- Research estimated wholesale values for equipment directed by Opportunity Management.
- Assist in providing wholesale pricing to the Pricing Specialist.
- Communicate with Management all special equipment issues.
- Review Specifications Pending opportunities for unusual equipment.
Remarketing
- Maintain relationships with remarketers.
- Continue to grow remarketer database, increasing diversification.
- Negotiate with third parties for equipment purchases. Maximize every equipment sale.
- Resolve issues if the audit process is not completed in a timely manner.
- Verify audits vs. the ELS return provisions.
- Communicate all returns, damages, and chargebacks with the Portfolio Specialist.
- Ensure PRC has knowledge of the current market price for off-lease equipment.
- Monthly Reporting based on remarketing KPIs.
- Request 3rd party invoices.
- Backup for Portfolio Analysts.
- Other tasks or projects as assigned.
Requirements
- Equipment leasing / financing industry experience required
- 1-2 Years of Asset Manager experience preferred
- Positive work attitude and approach to daily tasks
- Excellent verbal and written communication skills, including professional phone and email etiquette.
- Strong attention to detail and organizational skills, including the ability to prioritize and multitask in a fast-paced environment.
- Strong analytical, mathematical, and critical thinking skills
- Proficiency in Microsoft Word and Outlook.
- Demonstrated ability to work independently and solve problems in a fast-paced environment.
- Strong knowledge of Excel (Vlookup, Pivots, various formulas a plus).
Compensation and Benefits
- Salary : $85,000 - $115,000
- Performance Bonus : Eligible for a quarterly bonus of up to 10%, bringing the total compensation range to $93,500 - $126,500.
- Health Benefits : Comprehensive medical, dental, vision, and life insurance, along with an Employee Assistance Program and 401(k) plan with company match, available for full-time employees.
- Paid Time Off : Accrue three weeks of PTO annually.
- Holidays : Enjoy 11.5 paid holidays throughout the year.
- Work Environment : Flexible hybrid work arrangement available once you are fully integrated into your role.
- Culture Committee : Join our volunteer-based culture committee to help shape our workplace culture.
- Company Activities : Participate in monthly company events and quarterly team-building activities.
- Office Amenities : Work in our modern office located in central Orange County, CA, featuring sit-stand desks and a vibrant atmosphere.
- Refreshments : Daily snacks, along with premium coffee and tea options, provided.