Residual Value Senior Manager

Ultimate Banking
£45000 - £50000/annum + benefits
20 May 2017
19 Jun 2017
Contract Type
Full Time
Our client, the financial services arm of a major automotive brand, is recruiting for a Residual Value Senior Manager. The role is responsible for the Retail and Rental Residual Value (RV) management within the Credit area; reporting to the Credit Director.

The Residual Value Senior Manager needs to oversee and manage the entire process of analysis, assessment, reporting, system updating, forecast of Residual Values for all vehicles managed by our client. A strong industry knowledge and experience is required

Main Responsibilities/Principal Accountabilities:

• Responsible for ensuring the appropriate RV positions for vehicles managed by the client.

• Manage the relationship with the Market Makers from a RV and SMR perspective (CAP and Eurotax Glass, KeeResources)

• Benchmark analysis results with available resources in the market, main publications information and LTR tools

• Supply monthly updates highlighting RV threats in the market place on the sectors the company transacts in

• Work closely with Car Maker product managers in order to get the latest information to the market makers

• Liaise with LTR and Retail team in order to assess the positioning of products, using the help of the analytics within the Market and feedback provided by Sales managers

• Liaise with the Remarketing Department in order to make sure that all opportunities arising from the reselling of products are in line with the strategy of RV positioning

• Attend and support key meetings with major end user accounts to provide /present Company RV positions

• Compile monthly reports on a set basket showing Forecast RV movements. Provide rational and reasoning as to why that movement has taken place

• Present to the Residual Value Committee the proposals of appropriate RV positions providing rational and reasoning as to why that suggestions have given

• Ensure that all company systems are promptly updated according to the company requirements also throughout a review of the current processes

• Manage the relationship and the information required by Head Quarter

Knowledge, Experience & Qualifications:

• Experience in all areas of product management within the automotive sector including pricing and market analysis.
• Strong interpersonal skills required to manage relationships with colleagues.
• Able to work independently of others and use own initiative.
• Strong decision and communication skills.
• Education to at least degree level or equivalent. Additionally, relevant professional qualifications are desirable, but not essential.
• Highly self-motivated and have the drive to succeed.
• Strong attention to detail.
• Ability to respond and adapt to new challenges on a daily basis