Asset Manager

Western Equipment Finance; Marshall (MN); Remote; USD 70,000 - 100,000; Full time

Job summary

Western Equipment Finance seeks an Asset Manager to act as an equipment and industry resource, guiding financing and recovery decisions. You will review front-end values, coordinate recovery, manage remarketing and end-of-lease tasks, and drive asset reporting across our portfolio.

The role emphasizes market intelligence, cost-effective repossession strategies, and strong collaboration with internal teams. In-person work may be required in specified locations, with remote options available.

Qualifications

• Associate's degree in business or related field.
• Three or more years in equipment finance industry.
• Knowledge of valuation, market research, repossession, recovery coordination, remarketing, and asset disposition.
• Strong interpersonal and communication skills.
• Willingness to on-call and travel up to 20%.

Responsibilities

• Perform regional and national equipment valuations for originations and risk decisions.
• Coordinate recovery, repossession, and remarketing activities.
• Maintain asset listings, reporting, and market comparables.
• Lead end-of-lease administration and auto-renewals.
• Support process improvements and special projects.

Skills

Equipment valuation

Market research

Repossession coordination

Remarketing

Asset disposition

End-of-lease admin

Communication skills

Travel flexibility

On-call availability

Education

Associate's degree in business or related field

Job description

This position can be located in either West Fargo, ND, Chandler, AZ, Marshall, MN, Devils Lake, ND, or remote. If in West Fargo, ND, Chandler, AZ, Marshall, MN or Devils Lake, ND, in-person schedule required.

The Asset Manager serves as an equipment and industry resource for Western Equipment Finance. This role supports sound financing and recovery decisions by reviewing front‑end equipment values, evaluating repossession options, coordinating recovery activity, managing remarketing and sale of equipment, and administering end‑of‑lease and related contract activities. The Asset Manager manages cost‑effective repossession and recovery efforts; maintains accurate asset reporting, system updates, and listings; provides equipment valuations and monthly impaired‑worksheet reporting; leads recovered‑equipment sales and network development; and supports end‑of‑term lease account management and asset‑management process improvements.

Essential Functions

The following responsibilities describe the primary work of the role. Percentages are estimates and may vary based on portfolio needs, business priorities, and assignments.

Equipment Valuation and Market Intelligence - 30%

• Research regional and nationwide equipment markets to determine accurate, supportable retail and auction values.
• Provide equipment valuations and recommendations for originations, servicing, collections, and portfolio‑risk decisions.
• Prepare and maintain accurate monthly impaired‑worksheet reporting and supporting market comparables.
• Assess fraud‑related collateral concerns and elevate material risks to appropriate business partners.
• Communicate value conclusions, assumptions, and risks clearly to internal business partners.

Repossession And Recovery Execution - 25%

• Manage cost‑effective repossession and recovery efforts, including coordination with recovery agents and internal teams.
• Analyze expected recovery, cost, timing, asset condition, location, market demand, and operational risk to select practical strategies.
• Maintain timely status updates and complete documentation for open repossessions, voluntary surrenders, and secured assets.
• Escalate strategic, unusual, or high‑risk matters to the supervising Vice President.

Remarketing, Equipment Sales, and Network Development - 25%

• Manage recovered‑equipment sales, including pricing strategy, buyer outreach, offer evaluation, negotiation, remarketer or vendor coordination
• Maintain accurate asset listings and system records, including timely advertising changes and sold‑unit removals.
• Develop and maintain buyer, auction, remarketer, reseller, and recovery‑agent relationships aligned with business strategy.
• Monitor inventory and recommend pricing reductions, auction placement, or other liquidation actions.
• Support accurate documentation and efficient completion of equipment sales.

End‑of‑Lease, Auto‑Renewal, and Partial‑Payoff Administration - 15%

• Manage end‑of‑term lease accounts, residuals, customer notices, collections, and remarketing activities.
• Administer auto‑renewal payments and support partial‑payoff calculations and related asset‑value considerations.
• Coordinate with internal teams and customers to clarify requirements, gather information, resolve issues, and maintain accurate records.

Other Duties and Special Projects - 10%

• Evaluate and improve processes, including liquidation strategy, pricing‑reduction timelines, remarketing channels, and daily workflow efficiency.
• Participate in department initiatives, meetings, and special projects as needed.

Standard work hours; Monday – Friday; on‑call as needed. Up‑to 10% travel required.

This is a full‑time position with benefits.

Required Qualifications

• Associate's degree in business or a related field.
• Three or more years of experience in the equipment finance industry.
• Working knowledge of equipment valuation, market research, repossession, recovery coordination, remarketing, and asset disposition.
• Advanced interpersonal and communication skills for internal and external customer, vendor, dealer, and service‑provider relationships.
• Ability to work on call as needed and travel up to 20 percent.

Standard work hours; Monday – Friday; on‑call as needed. Up‑to 10% travel required.

This is a full‑time position with benefits.

At Western, “what” you know is important, but not as important as how you relate to teammates and customers. Our environment is based on the principles of respect, curiosity, creativity, individual empowerment, and the ability to listen effectively and communicate openly. We also believe in continual learning, bias toward action, keeping commitments, and doing our absolute best every day. We believe that our ability to deliver on our promise is a result of these high standards.

Western Equipment Finance is an EEO and affirmative Action Employer.