Manager, Asset Risk at Wheels in Des Plaines, Illinois

Job Description:

Job Description:



The Asset Risk Manager will be responsible for the development, operation, and maintenance of approaches, tools and processes used for projecting and managing all valuation models which include but are not limited to residual value (RV), maintenance, repair, and tire (MRT) estimates, and fair market valuations (FMV). The Asset Risk Manager will also support the organization's Enterprise Risk Management process, driving strategic risk initiatives, facilitating risk group meetings and activity, and facilitating internal governance.



KEY RESPONSIBILITIES - ESSENTIAL FUNCTIONS

• Responsible for setting residual values, based on historical data, internal models, and external market factors; ensuring that Wheels is estimating future values as accurately as possible by reacting to macro and micro changes in the economic and automotive industry climate


• Oversee, manage and develop all aspects of asset risk portfolio analytics and pricing, and be a role model and subject matter expert on qualitative and quantitative asset risk subjects


• Maintain a strong understanding of all technical aspects of quantitative analytics and be able to translate these into actionable insights


• Provide strategic direction to Finance, Operations and Commercial teams on risk matters


• Collaborate with departments across Wheels in development of new products, overseeing potential exposures and working together to mitigate risks


• Drive empirical and data-driven asset risk practices and analytics, as well as analytics across all risk domains


• Manage and develop Quantitative Data Analyst, setting clear goals, providing constructive feedback and ensuring high quality deliverables


• Manage monthly governance (committees) deliverables in addition to facilitating review of all other documentation (assessments) to ensure that relevant committees are aware of, and properly impact all current risk-related developments


• Support operating lease team delivery of client related depreciation requests, non-standard lifecycle cost requests, quotes, equity position analysis, and/or ad-hoc financial and risk modeling in a timely and accurate manner


• Provide leadership, coaching and mentoring to the Asset Risk team, driving a higher level of team productivity


• Review available external and internal industry and economic data to proactively identify any trends that could impact Wheels asset risk position


• Create and maintain existing Asset Risk Management related policies, procedures, and work instructions to comply with applicable internal and external requirements

LEADERSHIP RESPONSIBILITIES and STRATEGY

• This role manages 1 employee


• This position's leadership responsibilities involve demonstrating ethics and integrity, developing adaptability, displaying drive and purpose and exhibiting leadership stature internally and externally, while leading a small team.

COMPETENCIES - SKILLS

• Understanding of statistical, economic, financial, and leasing concepts


• Interest in the automotive industry and economic theory


• Strong analytical and communication skills, especially translating complex concepts into clear communication and workable solutions


• Key driver and decision-maker in RV setting, sale and leaseback transactions, lease conversion (financial to operating), recalculations, and market value estimations


• Solid understanding of data analytics and modeling, and will support the Asset Risk, as well as other Risk Management domains, with analytics and quantitative insights

EDUCATION AND EXPERIENCE

• Bachelor's degree in finance, economics, or statistics required; master's degree is preferred


• Seven (7+) years in quantitative roles in the fleet, automotive, financial services or banking fields


• Minimum 2 years managing teams


• Proficiency in MS products, Excel and SAS or other analytical platforms


• Proficiency in SQL and Python

JOB SPECIFICATIONS, PHYSICAL DEMANDS AND WORK ENVIRONMENT

• 
  Work Environment: This hybrid position is in Des Plaines, Ill (eventually Schaumburg) or Alpharetta, GA and operates in a professional office environment


• 
  Positions Type/Standard Schedule: This is a full-time position, Monday through Friday; Hybrid (3 days onsite)


• 
  Travel: No travel is expected for this position

DISCLAIMER



Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.



Our Benefits

Wheels recognizes benefits are a significant part of your employee experience, and we've created a robust benefits package that is market-leading, competitive offerings so you and your family can receive outstanding care. Please click here for an overview of the benefits available to you and your family.


Pay Range:
$113,400-$158,800
The base salary range for this position is listed above. This position is eligible to participate in the annual incentive plan which is based on company performance and individual performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience, education, certifications, skill level and expertise, and may vary from the amounts listed here.




EEO Statement



Wheels is a Drug-Free Workplace. All employment is contingent on successful completion of drug and background screening.


Wheels is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, marital status or domestic partnership status, disability, protected veteran status or military status, genetic information, or any other category protected under applicable law. Wheels is committed to taking affirmative steps to promote the employment and advancement of minorities, women, persons with disabilities and protected veterans. Apply Now