Asset Management - AVP

Job Level: Associate Job Function: Lending Operations Location: Employment Type: Full Time Requisition ID: 7554 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. The anticipated salary range for this role is between $70,000.00 and $80,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. Role Description The AVP, Asset Management is responsible for managing asset management and loss recovery activities within the Asset Management Department. The role supports SMFL’s portfolio performance through effective residual valuation, equipment remarketing, end-of-lease management, and loss recovery collections. Role Objectives Manage appraisals, residual values, end-of-lease processes, remarketing, and loss recovery activities. Develop and manage relationships with third-party repossession, appraisal, remarketing, and recovery vendors. Perform equipment valuations and coordinate inspections and appraisals. Work closely with Sales , Credit and external parties to remarket inventory and negotiate sales to maximize recoveries. Coordinate with the Collections team on accounts trending toward repossession and forecast potential losses. Prepare quarterly portfolio valuations and residual value analyses. Maintain customer communications and documentation including bills of sale, notices of sale, and demand letters. Maintain collateral appraisal and equipment valuation databases. Prepare regular and ad-hoc management reports. Pursue deficiency recoveries in coordination with customers, legal counsel, and third-party agencies. Provide operational support to the Collections team to achieve delinquency targets. Coordinate end-of-lease equipment returns, invoicing, and collections for non-compliant returns. Qualifications and Skills Strong understanding of the full leasing lifecycle including origination, maturity, repossession, resale, litigation, and bankruptcy. Experience with lease management systems such as Aspire or similar platforms. Strong written and verbal communication skills with internal and external stakeholders. Ability to manage multiple stakeholders and competing priorities. Experience using valuation and pricing tools such as TValue. High attention to detail and strong analytical capabilities. Advanced Excel proficiency including VLOOKUP and Pivot Tables. Ability to work independently and perform under time-sensitive conditions. Knowledge on Power BI dash board tool Work Experience: 5–7 years of specialized experience in Financial Services, preferably in asset management and collections within the leasing industry. Education: Bachelor’s degree or equivalent experience. Languages: English required; Spanish preferred. Systems: MS Office (Word, Excel, PowerPoint) and lease servicing systems such as Aspire. Additional Requirements This role is based in a standard SMBC office environment. The position may require extended hours or occasional weekend work to meet business and operational requirements. SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected]. Nearest Major Market: Manhattan Nearest Secondary Market: New York City