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.

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. This a hybrid position working up to 3 days onsite in the office.

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.

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.