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ABN AMRO
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Clitheroe, Lancashire
Junior Equipment Manager
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Job Type: Full-time |
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Overview
Business Unit ABN AMRO Asset Based Finance, N.V., UK Branch Department Asset Valuation & Audit Date of Job Description January 2020 CRO ABN AMRO Asset Based Finance NV Equipment Manager The Equipment Manager reports directly to the Director Asset Valuation in NL but also has a dotted functional line to the Head of Asset Valuation & Audit in the UK. "A great opportunity for a junior candidate to join the experienced Asset Valuation and Audit Team and carve out a career for themselves in Asset Based Finance. It is our aim to provide an ongoing path of growth into the role detailed below via the completion of secondment assignments, work shadowing and learning on the job. We are seeking a candidate who has an understanding of mechanics / interest in machinery, has a natural aptitude for IT systems, is proficient and confident in Excel, has a valid Driver’s Licence and is prepared to be Home Based ideally in the North of England." 1.3 Department information As part of the UK Branch Risk Management structure the primary role of Asset Valuation & Audit is to identify and optimise ABF’s risks, so as to make an optimal contribution to achieving ABF’s strategic objectives with a focus on minimising the risks within the Lease and Commercial Finance portfolio. The department develops innovative, original expertise related to assets on behalf of the Sales, Marketing and Credit Management departments Asset Valuation & Audit achieves this by performing on-going monitoring, client audits, asset valuations and surveys on both existing clients and on new business prospects with a view to increasing insight into the potential risks associated with the facilities offered or proposed. The department is responsible for developing advice and expertise related to assets within the organisation, and providing both clients and ABF with optimum security in relation to their assets. The continuing development of Asset Valuation & Audit ensures maximum gains thanks to cooperation with Sales, Marketing, Relationship Management, Credit Management and FR&R. The values of the various types of assets are in constant flux, thereby creating new opportunities on an on-going basis providing clients with optimised benefits and increasing ABF’s competitive strength in the process. Asset Valuation straddles both: i) Leasing - facilities are primarily based on title to hard assets with specialist advice, management and support provided by a team of expert Lease Asset Managers; and ii) Commercial Finance - facilities are supported by specialist Client Auditors who report on ABL facilities comprising receivables finance, inventory finance, and other assets (including P&M and property) and can also be further supported by EFG loans. Where appropriate Lease Asset Managers will advise on larger P&M facilities where their knowledge and experience can add value and minimise Risk. 2.2 Key result areas Deal-specific changes in residual values (Exception To the Matrix / ETM) Provides insight into changes in residual values in deal-specific cases which form an exception to the Residual Value Matrix (RVM) in order to promote the lowest possible lease terms and the highest possible sales. - Builds and maintains a domestic and international network of appraisers, auctioneers, suppliers and dealers. - Sets clear the application related to the deal-specific case and proactively sets out to find any missing information. - Relates the application from the customer to information from his/her network and makes an estimate of the changes in residual value. Sales transactions Ensures an optimum sales process in the event of early termination or completion/renewal of contracts, in compliance with the legal parameters and guidelines set by ABN AMRO Asset Based Finance. With the objective of optimising the proceeds and profits from asset sales and contract renewals. - Monitors specific expiring contracts. - Tracks trends in the national and international markets and in relation to sales channels and notes when specific assets can be sold at a good price. - Builds and maintains a domestic and international network of suppliers, traders and end users and determines the value of the assets. - Develops a feel for the interests of the various stakeholders involved (including potential buyers, lessees and ABN AMRO Asset Based Finance) and influences, if necessary, colleagues in ABN AMRO Asset Based Finance to cooperate in the optimum timing of the sale. - Identifies the most favourable party and subject to delegation and approval, completes the sale. 2.3 Knowledge and Experience Required level and content of education Good first degree or equivalent work experience gathered within a Leasing, Equipment Management or other practical application. Required skills and experience Proficient in Microsoft Excel, capable of manipulating data, use of pivot tables, etc. Basic understanding of the technical aspects of "mechanical" equipment, and being able to develop and translate that understanding to a broad range of equipment An understanding of how the mechanical configuration of an asset will impact its use, potential application and therefore secondary markets Ability to take a pragmatic approach to the remarketing of assets, particularly motor vehicles (truck, trailer, bus, coach) and considering the relative merits of investing / reconfiguring the assets to broaden market appeal and achieve the optimum net realisation. Eagerness to learn and self-develop. Good/strong Risk awareness. Willingness to travel to the Netherlands to liaise with supporting departments.