Asset Disposition Analyst

Founded in 1898 and headquartered in Chicago, IL, GATX Corporation (NYSE: GATX) is an industry leader with 125+ years of success—success that is powered by our people. We are proud of our high-performance culture, hard-working and enthusiastic management team, and beautiful office space in the Willis Tower.

At GATX, we hire the best and offer our employees a dynamic, energetic, collaborative environment to enable them to make an impact from day one. Enjoy the perks and benefits of a global company with the close-knit culture and community of a much smaller one. In the same way we strive to empower our customers to propel the world forward, we are dedicated to providing our people with the tools and resources they need to advance in their careers.

The Asset Disposition Analyst will assist the Sr. Manager, Asset Disposition with managing the GATX and joint venture asset disposal process, encompassing volume of 2,500 to 5,000 annual disposals and $34 – $70 million scrap revenue contribution. This position will focus on optimizing asset disposition net income through conscientious cost management of balancing scrap income with freight and maintenance costs as well as directing ‘direct to scrap’ assets to appropriate scrapping locations and cleaning-to-scrap locations. The Asset Disposition Analyst will interact with Fleet Portfolio Management, Maintenance Logistics, the GATX North American maintenance network, Service Delivery, and the Sr. Manager of Asset Disposition to manage the asset disposal process.

Qualified candidates who are currently Wells Fargo Rail employees will be given priority consideration over other external applicants.

• Assist with disposals of approximately 2,500 to 5,000 railcars per year, which includes United States, Canada, and GATX de Mexico-owned portfolios and joint venture railcars. The focus is to maximize scrap revenue through decision-making involving steel indexed pricing, market conditions, transportation freight costs, interchange repair costs, and dealer credit position.
• Ensure cars being scrapped are targeted assets for such disposition, so that fleet utilization is accurately reflected by timely updating SAP with “disposal decision” reached for affected cars. Ensure that gross revenue proceeds are not further eroded by excessive freight and switching costs.
• Assist with invoicing buyers, retiring assets in SAP, and reconciling invoices to scrap vendors, while ensuring SOX guidelines are adhered to. This entails preparation of the relevant information necessary to render an invoice to the scrap dealer, including railcar identity, lightweight, scrap index price, and vendor contract specifics.

• Bachelor’s degree or a minimum of 2 years of rail industry experience.
• Minimum of 2 years’ rail industry experience preferred.
• Exposure to financial terms and conditions, credit and risk management (accounts receivable monitoring for rail assets sold).
• Knowledge of railcar components for evaluation of scrap proposals is a plus.
• Proficient in computer software skills in Microsoft Excel.

This is a hybrid position which will require the employee to work in the office at least 3 days a week throughout the year.