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. 

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.

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 assetsCoordinate with auction site to assess asset conditionCoordinate with auction / deal teams to recommend any / all positive NPV refurb and repairsCoordinate 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 agreementsAdvise on asset performance, estimated disbursement of proceeds to external partnerMonitor for portfolio companies liquidating assetsCoordinate with RB, external partner personnel to ensure assets are being sold for top dollarProvide settlement statements for sales when proceeds are payable to external partnerReview 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