Asst Manager-Risk Residuals

American Honda Finance Corp.•Torrance, CA

11d•$94,900 - $142,400•Hybrid

About The Position

American Honda Finance Corporation is currently seeking an Assistant Manager of Credit/Pricing for our Risk and Analysis department. This position will report to the Manager of Risk and Analysis. The Assistant Manager-Residual Risk manages AHFC’s residual risk as pertains to the auto lease portfolio. The core areas of responsibility for the Assistant Manager are residual value setting, increasing the effectiveness of the Lease End of Term process, and price setting on AHFC’s upstream platform for disposition of off lease vehicles. Those areas are key to AHFC’s efforts of mitigating losses, and managing the risk associated with the Lease product. A well-managed lease portfolio contributes to the health and profitability of AHFC. This financial strength will allow AHFC to support AHM in its sales objectives by providing various financing options for Honda and Acura customers.

Requirements

BA/BS degree required in mathematics/statistics, finance, economics, business, business administration or related field
7+ years of work experience in captive finance or consumer lending
Experience in leasing and residual settings
Proficient in MS Windows applications, with a strong emphasis in Excel and Access
Experience querying relational databases
Exposure to data mining large datasets
Excellent analytical and problem-solving skills
Excellent mathematical skills and financial acumen
Strong verbal and written communication skills
Strong attention to detail
Self-motivated
Independent thinker
Good organizational ability
Possess the ability to effectively interact and communicate with all levels of management.

Nice To Haves

Masters or MBA degree is preferred
Supervisory experience a plus

Responsibilities

Lead the residual value setting process on behalf of the Risk department
Partner with the Remarketing Center and manage pricing for upstream platform to facilitate the sale of off lease vehicles
Oversee residual risk reporting area. Monitor residual loss, auction performance, the overall financial health of lease portfolio, and develop countermeasures to mitigate residual loss
Supervise ad hoc analysis requests from both internal and external customers
Accountable for supervising associates and leading a unit within the Risk department
Develop residual loss forecasts and presentation materials for Executive Management review.
Own residual risk data to ensure integrity and efficiency