Portfolio Asset Manager - RB Global : Job Details

Description

The Portfolio Asset Manager is vital to the scalability and success of the RB Capital Solutions (“RBCS”) Program. The role has a high-degree of interface internally within Ritchie Bros. at various levels, and with the core external program partner – and will work closely with these stakeholders to drive effective management and optimized disposition of assets tied to RB Capital Solutions deals.

Qualifications

• 3-5 years+ of related industry experience, with strong working knowledge of asset valuation and disposition processes – and knowledge of general business principles and practices, including analyzing and interpreting financial data and risk management.

Responsibilities

This role will manage a growing North American asset pipeline (i.e. assets serving as collateral for loans extended) with a view towards capital preservation and will have end-to-end deal involvement - including the following primary responsibilities: Manage all asset dispositions tied to the RBCS portfolio and assist with execution of live transactions (distressed and normal course) with a focus on return on assets. Monitor overall portfolio health, anticipate disposition events, and proactively plan to drive positive outcomes; and arrange timely and risk-based asset inspections and appraisals at all stages of the deal life cycle. This role requires excellent organizational and communications skills, and the ability to navigate a fluid, complex multi-stakeholder environment with multiple concurrent priorities.

• Engage relevant RB and external partner personnel; prepare sites for asset delivery (owner codes, etc.), and reaffirm the 'at-risk' nature of the assets
• Coordinate with auction site to assess asset condition
• Coordinate with auction / deal teams to recommend any / all positive NPV refurb and repairs
• Coordinate with auction / deal teams to recommend best sales channel to maximize asset sale value and / or timing to liquidity (e.g. unreserved vs. MPE)
• Support completion of RB Sales agreements
• Advise on asset performance, estimated disbursement of proceeds to external partner
• Monitor for portfolio companies liquidating assets
• Coordinate with RB, external partner personnel to ensure assets are being sold for top dollar
• Provide settlement statements for sales when proceeds are payable to external partner
• Review portfolio on an ongoing basis and proactively work with RB personnel / deal management team to determine best location to move assets (RB auction site, storage yard, etc.)
• Anticipate and plan for upcoming dispositions to maximize asset sale price (“watch list transactions”).
• Facilitate initial and ongoing routine inspections / appraisals directly with external program partner and coordinate with Rouse / RB personnel

Employer

RB Global (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 13 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture.

The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; Xcira, a leader in live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport.

RB Global full-time employees are offered medical, dental, vision, and basic life insurances. Employees are able to enroll in our company's 401k plan and RB Global will match 100% for the first 4% contributed. Employees will also receive 15 days of PTO each year.

EEO InformationRitchie Bros. is an equal opportunity employer and ensures nondiscrimination in all activities in accordance with all applicable laws. This position is open to all qualified applicants who are legally entitled to work in the country in which this job is located. Candidate selection is made by Talent Acquisition. Only electronic applications can be accepted.#J-18808-Ljbffr