Senior Remarketing Manager - East

Westlake Services • Charlottesville, VA

273d

About The Position

This position is responsible for leading a team of Regional Asset Managers managing repossessed vehicle inventory and associated auction vendor relationships and is the primary point of contact for vehicle assessment and reconditioning, sale preparation, vehicle valuation, and sale decisions. Additionally, the Senior Asset Manager will have a region of their own, and performance will be based on both individual and team. The primary objective of this position is to maximize net recovery through the management of auction vendors and vehicle inventory, facilitating the timely, effective, and compliant preparation and sale of repossessed inventory, while avoiding unnecessary expense or delay, and ensuring adherence to company requirements by service providers. This position works closely with senior leadership, auction management and staff, as well as various functions within the Asset Management Department and other internal departments as both service provider and service recipient. The successful candidate must be self-directed in work prioritization, be able to work seamlessly between various databases and demonstrate sound decision-making across a broad scope of responsibilities in a fast-paced environment. They will need to review reporting and analysis on a regular basis to share performance, deliver insights, and drive business strategy. This candidate must understand how their performance impacts other functions and the company, overall. All duties must be performed in accordance with Westlake policies and procedures, as well as any applicable state and federal regulations.

Requirements

• Experience with vehicle valuation, reconditioning assessment, and wholesale remarketing channels
• Understanding of macro and region-level social/economic activity, seasonality, and key automotive trends as it relate to used vehicle pricing
• Ability to work independently with time constraints and competing deadlines
• Detail-oriented with strong organizational skills
• Effective and professional written and verbal communication skills
• Flexibility in job functionality and ability to assimilate procedural changes
• Good PC skills, ability to work with multiple platforms
• Familiarity with NAAA auction policies is highly desirable
• Experience in frame assessment or condition report writing preferred

Nice To Haves

• Bachelor's Degree or college equivalent experience preferred
• 5 years of related automotive/remarketing experience required

Responsibilities

• Actively monitor and manage vendor performance, including adherence to company guidelines, and provide corrective actions/recommendations
• Analyze auction data to identify trends and opportunities for improvement
• Prepare and present detailed reports on auction performance, including key performance indicators (KPIs) and trends
• Ensure that all auctions and team comply with Westlake Financial Services' policies, industry standards, and relevant regulations, including adherence to the SOP for remarketing at auctions
• Manage regional inventory, including monitoring transport status, reviewing certification inspections, vehicle grading, reconditioning estimates, and sale preparation, and approving sale bids
• Conduct on-site reviews of auction procedures, inventory prep, and sale effectiveness
• Identify areas for continuous improvement within auction processes and operations
• Organize regular vendor status meetings with auction management and relevant staff, reviewing scorecards and other reporting, and coordinate follow-up on all performance deficiencies
• Negotiate arbitration claims, as necessary, with consultation of senior management
• Identify and execute market arbitrage opportunities
• Audit auction expenses and announcements
• Maintain and report travel-related expenses in accordance with company policies
• Lead projects related to auction performance and optimization
• Regular Visits to the home-office
• Overseeing the training and development of Regional Asset Managers
• Ensure the accuracy and reliability of all data collected and shared, especially related to auction information, transport, and related processes

Benefits

• Medical, Dental, and Vision benefits
• Life Insurance, Flexible Spending Account
• 401K matching
• Employee Stock Ownership Program in a $14.2 Billion Company, plus company matching
• Wellness Program, Daily Team Exercises
• Westlake University, Certification Programs
• Career Path Opportunities
• Discounts on Parks, Museums, Movie Tickets, and Attractions
• AT&T Wireless Discounts
• Paid Vacations Days
• Paid Sick days
• Paid holidays
• Rental Car Discounts
• Dell Member Purchase Program
• UKG Wallet - pay advance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree