Residual Value (RV) Manager| Permanent | Dublin (Hybrid)
Our client is a leading financial services company that specialises in the automotive sector. They are seeking an experienced and analytical Residual Value Manager. This role is crucial in managing end-of-contract asset values (Residual Values), which directly impact customer leasing and finance agreements.
Responsibilities
- Act as the subject matter expert (SME) in assessing the local new and used car market.
- Predict the future values of vehicles, influencing pricing strategies.
- Oversee residual value assessments for existing and upcoming vehicles, including new powertrain technologies (Electric Vehicles, Plug-in Hybrids, etc.).
- Conduct market research, engage with third-party experts, and analyze global, European, and local trends.
- Collaborate with stakeholders on new model specifications and planning.
- Evaluate remarketing data and monitor non-branded vehicles to ensure appropriate RV setting.
- Present insights clearly to various stakeholders.
- Manage bi-annual and ad-hoc RV Committee meetings.
- Develop and implement local RV policies and procedures.
- Risk Management, report quarterly risk provisions to senior stakeholders, directly impacting the Profit & Loss (P&L)
- Support various departments in decision-making related to vehicle remarketing.
- Approve commercial pricing, demonstrating strong commercial and risk management awareness.
- Act as a pricing consultant for leasing tenders exceeding 20 vehicles.
- Oversee a portfolio of approximately 40,000 contracts valued at €480 million.
Requirements
- Third-level qualification preferred.
- 10+ years of experience in the automotive finance industry.
- 3+ years of experience in new and used vehicle sales.
- Proven ability to assess residual values from both risk and commercial perspectives.
- Strong analytical skills and ability to forecast used vehicle market trends.
- Experience in stakeholder management, including third-party relationships.
- Expertise in operational risk management and pricing strategy development.
- Ability to analyze large datasets and present insights to senior leadership.
- Advanced Excel skills and proficiency in Microsoft Office Suite.
- Strong influencing skills, assertiveness, and the ability to make sound decisions.
- Excellent communication skills, with a clear and logical approach.
- Highly organized, with the ability to manage multiple priorities.
- Team player with a strong sense of initiative and accountability.
