Asset Risk Manager in Alpharetta, GA at LeasePlan

Date Posted: 5/17/2018

Job Snapshot

Job Description

This position is responsible for managing the development, operation, and maintenance of tools and processes used for projecting all residual value and MRT (maintenance, repair, and tire) estimates for closed end lease and Comfort Plan / Partner Plan funding types. The position will also provide analytical support for sale and leaseback transactions, lease conversion (open to closed-end), recalculations, and market value estimations (current and projected). The position will also partner with subject matter experts to identify and implement all risk mitigating methods for the existing closed end lease portfolio in addition to facilitating the internal governance controls within the organization.  Other responsibilities include, but are not limited to, creating and maintaining internal and client supporting financial, economic, and statistical modeling and decision support solutions as required.

Essential Functions:

  • Actively identify areas of improvement and implement the appropriate changes to the technical residual value setting process to ensure that LP is estimating future market values for all closed end vehicles as accurately as possible by reacting to macro and micro changes in the economic and automotive industry climate.
  • Manage required audit and corporate deliverables as required.
  • Provide / Validate / Approve closed end and Comfort Plan / Partner Plan quotes as required.
  • Maintain processes and tables for existing functions (Market Value Guide, RV Matrices).
  • Manage ongoing efforts to streamline MRT (maintenance, repair, and tire) and RV estimates to a more automated process while maintaining imperative controls.
  • Identify areas of improvement with regard to efficiencies or accuracy for all Asset Risk tools and processes and implement required changes.
  • Support closed-end team delivery of client related depreciation requests, non-standard Lifecycle Cost requests, equity position analysis, and / or ad-hoc financial and risk modeling in a timely and accurate manner.
  • Manage monthly governance (Asset Risk Committee) deliverables in addition to facilitating review of all other documentation (Results Terminated Contracts, Fleet Risk Assessment) to ensure that ARC is aware of, and properly impacts all current risk related developments.
  • Proactively review available external and internal (industry and economic) data to proactively identify any trends that could impact LP's asset risk position.
  • Create and maintain existing Asset Risk Management related policies, procedures, and work instructions to comply with GAD, PWC, and LP Corp requirements.
  • Ensure all LPUS asset risk related planning deliverables are provided in timely manner.
  • Support Marketing and Sales efforts of LPUS branding, where appropriate, by participating / presenting at industry events, client meetings, or internal LPUS meetings where analytical expertise is required.
  • Hold working knowledge of of all current Asset Risk initiatives / transactions so position can make educated decisions when VP Asset Risk is not available.
  • Communicate with co-workers, team members, management, clients and others in a courteous and professional manner.
  • Conform with and abide by all regulations, policies, work procedures and instructions.
  • Demonstrate reliable and predictable attendance.
  • Other duties assigned to ensure overall departmental efficiency.

Education: BS Degree in finance, economics, or statistics required

Experience: 7+ years in quantitative roles in fleet/automotive / financial services / banking field

Skills: Understanding of statistical, economic, financial, and leasing concepts (required)
Interest in automotive industry and economic theory (required)
Proficiency in MS products, Excel and SAS (required)

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