VP Asset Management

This is a fully remote position, open to applicants in United States, +4 more locations.

📋 Description

• Enhancing the utilization and profitability of the company's rental equipment assets.

• Overseeing inventory management, equipment transfers, INDEX management, purchasing, and disposal analysis.

• Supervising Asset Management, Order Administration, and associated functions.

• Improving equipment ROI and usage through reporting, goal setting, and performance evaluation.

• Managing the transfer of equipment between shops and overseeing freight costs.

• Administering equipment INDEX curves, depreciation rates, utilization levels, E-code assignments, and associated costs.

• Conducting analysis on equipment purchases and disposals, including ORPL reviews and recommendations for purchase quantities.

• Overseeing the performance of used equipment sales and disposals.

• Managing tools, processes, and priorities for the Nexus Librarian.

• Directing Order Admin tools, processes, and team priorities.

• Providing performance analysis and recommendations regarding assets to both the COO and CEO.

⛳️ Requirements

• Preparing and maintaining utilization reports to assess equipment performance.

• Monitoring rental SKU utilization, shop-to-shop transfers, and cross-rental activities.

• Setting target utilization levels for different asset classes.

• Identifying categories of equipment that are underperforming or constrained.

• Utilizing utilization and cost data to inform decisions on equipment purchases, movements, and disposals.

• Creating and managing tools and processes for the Asset Management team.

• Overseeing the daily performance of the Asset Management team.

• Setting priorities and performance expectations.

• Ensuring that Asset Management decisions align with the company's utilization and ROI goals.

• Supervising the review of equipment requests between shops.

• Reducing, rerouting, or canceling unnecessary equipment transfers when appropriate.

• Developing processes to minimize freight expenses for shop-to-shop transfers.

• Analyzing shop-to-shop costs and trends.

• Balancing freight costs with equipment availability and business needs.

• Reviewing INDEX curves for ongoing accuracy.

• Assessing depreciation rates, utilization levels, and E-code INDEX assignments.

• Evaluating INDEX components, including storage and shop multipliers.

• Maintaining INDEX costs for newly introduced E-codes.

• Investigating and resolving errors related to INDEX.

• Providing data and analysis for manual adjustments to INDEX.

• Reviewing utilization and asset performance before making recommendations for equipment purchases or disposals.

• Evaluating ORPL equipment purchase requests and non-ORPL requests within established approval limits.

• Managing the ORPL review process and ensuring accurate ORPL information is maintained in Nexus.

• Determining recommended purchase quantities based on utilization, cross-rental activity, shop-to-shop movements, and expected demand.

• Assessing whether equipment purchases should be priced based on anticipated future utilization.

• Collaborating with the COO, Finance, and Purchasing on major capital decisions.

• Developing and managing the framework for evaluating Used Gear performance.

• Setting minimum selling prices and maximum listing quantities.

• Identifying equipment suitable for disposal based on utilization, age, market value, and company requirements.

• Monitoring outcomes from equipment disposals.

• Developing and managing tools and processes for the Nexus Librarian.

• Overseeing daily performance and priorities.

• Ensuring that equipment information in Nexus supports accurate operational and financial decision-making.

• Creating and managing tools and processes for the Order Admin department.

• Managing daily performance and priorities of the Order Admin team.

• Ensuring that Order Admin processes effectively support company operations.

• Providing regular updates to the COO and CEO regarding asset utilization and performance.

• Identifying trends and opportunities that require management's attention.

• Supplying asset data and analysis for broader financial and operational decisions within the company.

• Measuring the outcomes of significant decisions regarding equipment purchases, movements, and disposals.

🏝️ Benefits

• Remote work opportunities available (Germany, UK, Canada, or USA).