Siemens Careers

Asset Manager

Iselin, New Jersey
Finance

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English (US)

Job Description

Division: Financial Services
Business Unit: Financial Services (FS)
Requisition Number: 233989
Primary Location: United States-New Jersey-Iselin
Assignment Category: Full-time regular
Experience Level: Mid level
Education Required Level: Bachelor's Degree
Travel Required: 10%

Division Description:

Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationally for more than 165 years. As a global technology company, Siemens is rigorously leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in eight  Divisions: Power and Gas, Power Generation Services,  Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives,  and Financial Services.

 

Siemens Financial Services, Inc. is the U.S. arm of the global Financial Services division of Siemens, (SFS), an international provider of business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance with specific asset expertise in the energy, healthcare, industry, and infrastructure markets. SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens Company. Leveraging its financing expertise and industrial know-how creates value for customers and helps them strengthen their competitiveness.



For more information, please visit: 

https://www.siemens.com/us/en/home/company/about/businesses/financial-services.html




Job Description:

Description

 

Siemens Financial Services is actively looking for an experienced Asset Manager to join their Asset Finance (AF) team within the Industry and Healthcare Business Unit (IHF). The position will be responsible for all phases of Asset Management including collateral valuations, residual setting and asset driven portfolio reviews with a focus on structured transportation and industrial assets.


Primary Responsibilities / Role Details

  • Perform and review equipment valuations in select asset classes as authority holder and as quality assurer.
  • Ability to proactively track and identify early warning signals that could disrupt IHF target markets and asset classes and formulate and recommend strategies to management.
  • Review assets in the portfolio for potential risks due to poor or changing collateral values or over exposed residuals. Ability to clearly document and effectively recommend to management when collateral and residual adjustments are required.
  • Manage and develop relationships with internal and external key contacts in Siemens Divisions and Business Units, SFS SDPs, appraisers, remarketing companies and experts in the IHF target markets.
  •  Use industry knowledge and expertise to support sales opportunities and market strategies and assist in the development of financial products.
  • Manage end of term negotiations with existing customer relationships as well as remarketing activities related to end of lease asset return or repossession to maximize profitability and/or minimize loss.
  • In collaboration with Risk team, review and provide documentation language in support of collateral and/or residual risk positions.
  • Assist in the budgeting and planning process.  Complete special projects and other assignments as delegated by management.
  • Assist in the preparation of external financial audits (E&Y) or internal audits, by providing necessary reports, reconciliations and documentation as requested.
  • Ensure all risk management and financial guidelines are adhered too or exceptions documented & approved.
  • Be responsive and provide ongoing support to the sales, marketing and business development personnel.
  • Develop strong working relationships with other operational disciplines (Legal, Contracts, Collections, Tax, Accounting).

Education/Experience

  • Bachelor Degree required.
  • Minimum 5 years’ experience working in Asset Management, with a strong background in asset valuation and remarketing.
  • Comprehensive understanding of the Asset Finance business and of the methodology of asset valuation according to International Valuation Standards, ASA or RICS.
  • Highly motivated, self-starter personality required that enjoys working independently and under high time pressure. Sound judgment and ability to make decisions are crucial.
  • Given the complexity of the transactions many different parties are involved. High team spirit and ability, to lead, co-ordinate and collaborate are required.
  • Strong and proven communication, multitasking, negotiation, and analytical skills.
  • Proficient in formulation of spreadsheets, word processing and use of computers.
  • Ability to identify and report equipment/portfolio risks and formulate and recommend strategies to management.
  • Ability to prioritize and meet deadlines.
  • Willingness to travel occasionally, either domestically and/or internationally.




#LI-AMS



Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.

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Applicants and employees are protected under Federal law from discrimination. To learn more, Click here.

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Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here.



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