Asset Rate Costing Executive
�30,000-�40,000
Hybrid Working
(Home based with Travel required to both Coventry and Slough)
My client who is a leader within the motor finance industry is seeking an experienced Asset Rate Costing Executive to join their team. This role would suit a candidate who is looking to develop. The successful candidate will need to have experience within automotive leasing.
Asset Rate Costing Executive Requirements:
* Minimum 2 years automotive leasing experience
* Automotive leasing data analytics experience
* Ideally experience with or exposure to Residual Values
* Strong communication skills and ability to build strong relationships with key external parties
* UK Driving Licence
Asset Rate Costing Executive Duties:
* Analyse Residual Value data and trends, providing justified and sound recommendations to enable reasonable and accurate forecasting of future residual values to minimise business financial risk
* Consider and determine the impact of vehicle options on residual values / final vehicle sale values
* Building strong relationships with the main UK data providers - CAP, Glass's Guide, Auto Trader etc. for the collation of data
* Provide regular and ad-hoc reporting to UK and European stakeholders
* Be the subject matter expert and a point of referral internally for the process linked to RV forecasting and management, attending RV committees to substantiate RV data presented
* Work with the Finance Director to monitor and review financial results and consequences, directly related to Residual Values set; amending practice as and where necessary to minimise financial risk to the business
* Work alongside the Marketing team to assess the 'Total Cost of Ownership' proposition, ensuring good industry practice is considered and competitiveness in the marketplace is maintained, whilst ensuring audit requirements relating to residual value forecasting / provisioning are met
* Ensuring sales prices realise / achieve forecasted residual values, avoiding financial losses but remaining competitive within the marketplace.
* Maintain accurate records of all committees and residual value data provided to justify final residual values set.
* Analysis and monitoring of trends / fluctuations of forecasted residual values with a view to changing process / practice and effectively managing the portfolio
* Ongoing monitoring and provision of market data to determine trends and identify any potential variances against forecasted residual values
* Review of any analysis carried out where variances are identified between realised values and forecasted values, with a view to changing process / practice to enhance the accuracy of RV forecasting in the future
* Pro-active management of portfolio, suggesting financial amendments to minimise any potential losses identified
* Work alongside finance to calculate and evaluate the RV provision requirement
Keywords
Asset Rate Costing
Please contact clare.butler@winsearch.uk for more information.
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