Residual Value Manager
at MotoNovo Finance
Cardiff CF10, Wales, United Kingdom -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 30 Nov, 2024 | Not Specified | 05 Sep, 2024 | N/A | Good communication skills | No | No |
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Description:
LET US TELL YOU A BIT ABOUT US
We’re Aldermore – the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages, savings accounts and business finance solutions, we’re backing more people to go for it.
We thrive by saying “yes” to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers chose MotoNovo Finance every week to buy their next car, van or motorbike.
This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose.
Responsibilities:
LET US TELL YOU ABOUT THE ROLE
We have a newly created opportunity for a Residual Value Manager to join MotoNovo – whilst Cardiff is our operational hub for Motor, we have offices in Manchester, Reading, and London and this role can be based from any office on a hybrid basis.
The Residual Value Manager is a first line role and you will support the development of improved Residual Value (RV) management for the Motor Business Line that help build growth in the balance sheet on commercially acceptable terms, whilst collaborating closely with the sales teams when developing customer and portfolio insights.
You will interpret and embrace modelling concepts, modelling outputs and independent sources of Benchmarking data in order to support commercial appetite, and will work with second line Risk to ensure RV risk is understood as part of the overall Group risk appetite.
Reporting to the Head of Portfolio Management, you will be responsible for:
- Conducting in-depth analysis and research to determine accurate residual values for vehicles, considering various factors such as make, model, mileage, age and market demand
- Monitor and report on industry trends, economic indicators and competitor activities to identify potential risks and opportunities in the RV market
- Collaborate with internal teams, including finance, sales and risk, to develop and refine pricing strategies based on RV analysis outcomes
- Prepare comprehensive reports and presentations on RV analysis results, highlighting key findings, trends, and recommendations for management review
- Continuously refine and enhance the RV analysis models, incorporating new data sources and methodologies to improve accuracy and efficiency
- Provide support and guidance to the sales team on RV, helping them understand the impact of residual values
- Identify and propose Guaranteed Future Value (GFV) opportunities and policie
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Financial Services
Accounts / Finance / Tax / CS / Audit
IT
Graduate
Proficient
1
Cardiff CF10, United Kingdom