About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.
At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:
- U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
- Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
- Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
- Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
- Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026
By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.
Objective Of Position
The Associate Asset Manager – Equipment Leasing is responsible for executing the end-of-term and asset disposition stages of the equipment leasing lifecycle, with a focus on vendor and customer relationships, operations, portfolio performance, and cross-functional collaboration. The ideal candidate will bring industry expertise, strong problem solving and analytical capabilities, and a proven ability to execute process timely and accurately.
Duties And Responsibilities
- Facilitate residual realization strategies across multiple channels: Material Handling, Compact Utility, General Construction Equipment, Healthcare, and Technology.
- Manage end-of-term lease documentation and asset records, ensuring accurate recordkeeping, audit readiness, compliance, and efficient workflow execution.
- Calculate and verify vendor and customer buyout quotes in accordance with established calculation methodologies and quote validity policies.
- Coordinate end-of-term activities including inspections, returns, and renewals.
- Organize logistics for deinstallation, transportation, and storage of returned assets.
- Generate chargeback invoicing for return freight, damage repairs, and hour overages in accordance with contract terms, reconciling against conditioning documentation to confirm lessee liability.
- Foster strong relationships with dealers, manufacturers, and lessees.
- Maintain the off-lease inventory record, including asset status, location, remarketer assignment and days held, and escalate aged assets in accordance with established thresholds.
- Conduct equipment valuation analyses using market data and comparable sales, evaluate disposition opportunities, and recommend strategies that maximize residual value recovery.
- Monitor industry trends in equipment economics, including supply/demand dynamics and pricing impacts.
- Produce recurring and ad hoc portfolio, vendor, and off-lease inventory reports from established reporting templates.
- Analyze portfolio and asset performance by monitoring residual positions, disposition outcomes, inventory metrics, and profitability drivers, and provide recommendations to optimize portfolio performance.
- Coordinate with Legal, Collections, Sales, Credit, and Operations teams to facilitate compliant asset recovery, disposition, and lifecycle transitions.
- Ensure compliance with lease agreements, regulatory requirements, accounting standards, environmental regulations, and internal policies related to equipment leasing activities.
- All other duties as assigned.
Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time .
Qualifications
- Bachelor’s degree in finance, Accounting, Business, or related field preferred. Relevant industry knowledge will be considered.
- 2-4 years of experience in material handling or other general construction equipment, equipment leasing, asset management, or financial operations preferred.
- Understanding of equipment fair market values, residual values, equipment economics, and leasing regulations.
- Working knowledge of reviewing contract documentation and finance agreements.
- Proficiency in Excel, Adobe, and standard software. Comfortable using technology and query tools.
- Experience with LTi or similar leasing systems is strongly preferred.
- Exceptional communication and cross-functional collaboration skills.
- Familiarity with banking or financial services environments.
- Demonstrate consistent adherence to established procedures. Adaptable to learn new tools and process adjustment as needed.
- Be a strategic thinker with the ability to communicate and implement plans that support the overall goals of the Bank.
- Be self-motivated and an effective time and project manager with a strong attention to detail.
- Demonstrate strong organizational skills with the ability to balance multiple projects and priorities depending on organizational needs and strategies.
Physical Demands/Work Environment
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The salary range for this position is $90,000 to $105,000 + incentive.
Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.
Additional Information
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.
Note To Recruitment Agencies And Third-Party Recruiters
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
