Portfolio Asset Manager

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.

• 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.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, provide settlement statements, 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 Client and coordinate with Rouse / RB personnel

• 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.