Asset Rate Costing Manager

coventry, england, United Kingdom

Leasys Asset Rate Costing Manager

The Asset Rate Costing Manager will be responsible for the collation of RV data and subsequent analysis of the data, trends and market indicators to justify and formulate sound recommendations to the RV Committee / Leasys Uk teams, enabling informed and accurate forecasting of future residual values. Residual value forecasting will be defined in line with processes agreed by internal audit teams and finance to ensure that financial risk to the business is minimised. The individual will be required to build relationships with UK data providers to ensure timely provision of required data.

The Asset Rate Costing Manager will report to the Finance Director and will have the following responsibilities:

Analyse RV 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 market place is maintained, whilst ensuring audit requirements relating to residual value forecasting / provisioning are met

Work alongside the Remarketing Department to review the sales performance of Leasys end of contract return vehicles to determine future RV setting policies

Manage the Asset Rate Costing Executive

The individual is responsible for proposing RV values to the RV committee, providing analysis for the committee to substantiate the recommendations. Once RV’s are agreed ensure that they are applied into the system in an accurate timely manner. Continue to monitor the system RV’s for accuracy and react quickly to any internal or external factors that may need to be considered.

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.

TCO including SMT budget awareness

It is expected that the individual will act autonomously, referring to processes and precedents that are in place; management will be available to provide advice for resolutions.The jobholder will be responsible for the RV setting process, Management of financial risk relative to residual values set versus sales prices achieved, deciding and implementing the most appropriate course of action for 'one-off' scenarios to meet business needs. The individual will be expected to develop or improve existing policies and procedures. They will be the expert / point of referral within the business for all RV related processes / subject matters and they will be responsible for collating all relevant data and providing sound, justified recommendations to the Asset Rate Costing Manager and to assist with the preparation of the data presented to the RV committee and the Finance Director.

Time management and prioritisation of tasks to be completed will require a high level of critical thinking, self-analysis and self-development to ensure job success

KNOWLEDGE, EXPERIENCE AND QUALIFICATIONS:

Experience and Knowledge of Residual Value forecasting, tools and industry practice, including working with UK data providers is essential

Experience in Motor / Motor Finance industry

Knowledge of Contract Hire and Leasing industry desirable

Proven Experience of working in demanding operational environments with ability to achieve deadlines

Strong data analysis and interpretive skills are essential

Wider understanding of vehicle product development in the motor industry and the impact of socio-economic factors on future value forecasting

Strong communication skills and ability to build strong relationships with key external parties

UK Driving Licence

AS/A level or equivalent in Maths and English

IT SKILLS PROFILE:

Strong IT skills including Excel, PowerPoint and Word are essential

Aptitude and interest in using external IT data tools and systems to widen knowledge base and skills