Asst Manager-Risk Residuals at Honda Dev. and Mfg. of Am.,LLC

Torrance, California, United States -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

142400.0

Posted On

02 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mathematics, Statistics, Finance, Economics, Business Administration, Leasing, Residual Settings, Excel, Access, Data Mining, Analytical Skills, Problem-solving Skills, Mathematical Skills, Financial Acumen, Communication Skills, Organizational Ability

Industry

Financial Services

Description

Legal Entity: American Honda Finance Corp. Business Unit: American Honda Finance Corp Division: Financial Services Division Work Location: Torrance - Main Campus Location Workstyle: Onsite Career Level: 5 Job Grade: Exempt-4 Salary Range: $94,900.00 - $142,400.00 Job Purpose American Honda Finance Corporation is currently seeking an Assistant Manager of Credit/Pricing for our Risk and Analysis department. This position will report to the Manager of Risk and Analysis. The Assistant Manager-Residual Risk manages AHFC’s residual risk as pertains to the auto lease portfolio. The core areas of responsibility for the Assistant Manager are residual value setting, increasing the effectiveness of the Lease End of Term process, and price setting on AHFC’s upstream platform for disposition of off lease vehicles. Those areas are key to AHFC’s efforts of mitigating losses, and managing the risk associated with the Lease product. A well-managed lease portfolio contributes to the health and profitability of AHFC. This financial strength will allow AHFC to support AHM in its sales objectives by providing various financing options for Honda and Acura customers. Key Accountabilities Key Accountabilities will include but are not limited to: Lead the residual value setting process on behalf of the Risk department Partner with the Remarketing Center and manage pricing for upstream platform to facilitate the sale of off lease vehicles Oversee residual risk reporting area. Monitor residual loss, auction performance, the overall financial health of lease portfolio, and develop countermeasures to mitigate residual loss Supervise ad hoc analysis requests from both internal and external customers Accountable for supervising associates and leading a unit within the Risk department Develop residual loss forecasts and presentation materials for Executive Management review. Own residual risk data to ensure integrity and efficiency Qualifications, Experience, and Skills We are looking for qualified people with diverse backgrounds and experiences, open minds, and a disciplined work ethic. To bring the future to Honda as an Assistant Manager, you must have: Minimum Education Qualifications: BA/BS degree required in mathematics/statistics, finance, economics, business, business administration or related field Masters or MBA degree is preferred Minimum Experience: 7+ years of work experience in captive finance or consumer lending Experience in leasing and residual settings Other Job Specific Skills: Proficient in MS Windows applications, with a strong emphasis in Excel and Access Experience querying relational databases Supervisory experience a plus Exposure to data mining large datasets Excellent analytical and problem-solving skills Excellent mathematical skills and financial acumen Strong verbal and written communication skills Strong attention to detail Self-motivated Independent thinker Good organizational ability Possess the ability to effectively interact and communicate with all levels of management. Job Dimensions Direct Reports- 2 Working Conditions Onsite- Workstyle 80/20 (4-days in office 1-day remote) Torrance Location Travel 5% What differentiates Honda and make us an employer of choice? Total Rewards: Competitive Base Salary (pay will be based on several variables that include, but not limited to geographic location, work experience, etc.) Regional Bonus (when applicable) Manager Lease Car Program (No Cost - Car, Maintenance, and Insurance included) Industry-leading Benefit Plans (Medical, Dental, Vision, Rx) Paid time off, including vacation, holidays, shutdown Company Paid Short-Term and Long-Term Disability 401K Plan with company match + additional contribution Relocation assistance (if eligible) Career Growth: Advancement Opportunities Career Mobility Education Reimbursement for Continued Learning Training and Development Programs Additional Offerings: Lifestyle Account Childcare Reimbursement Account Elder Care Support Tuition Assistance & Student Loan Repayment Wellbeing Program Community Service and Engagement Programs Product Programs Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.

Responsibilities

The Assistant Manager-Residual Risk manages AHFC’s residual risk related to the auto lease portfolio, focusing on residual value setting and lease end processes. This role is crucial for mitigating losses and managing risks associated with the lease product.