The Residual Value Analyst/Manager works within the Asset Risk dept and is responsible for proposing future used values within the passenger car and light commercial vehicle market.
This crucial role establishes accurate residual values to ensure competitive pricing while maintaining a balanced approach to managing the risk to the business.
Key responsibilities
* Prepare Proposals: Develop comprehensive residual value proposals and supporting documentation for quarterly Local Asset Management Committee reviews, including presentations for senior stakeholders.
* Model Development: Develop and maintain robust Residual Value (RV) prediction methodology models, ensuring their accuracy and adherence to agreed asset management policies.
* Portfolio Monitoring: Continuously monitor RV portfolio behaviour at both Sales Channel and Customer levels, identify root causes for deviations, and adapt RV settings as appropriate to achieve a balanced RV risk portfolio.
* Technology & Manufacturer Liaison: Stay abreast of all new vehicle and engine technologies by building relationships with key Automotive OEMs to understand how the used vehicle market will react to future vehicle developments and their impact on RV setting policies.
* Reporting & Impairment: Produce accurate monthly revaluation files detailing profit/ loss
* Contract Support: Provide residual values for all contract amendments, extensions, unusual specification vehicles, extreme contract parameters, or high-volume requirements. EData Management: Develop and maintain monitoring and controlling activities to ensure relevant data is stored and processed accurately and securely.
* Project Support: Support the Head of RV & SMR Risk with ad‑hoc or workstream projects.
Essential skills
* Experience of Asset Risk within the automotive/fleet or lease markets
* Knowledge of Residual Value, service, maintenance and repair of vehicles
Silverstone Park Innovation Centre
Silverstone Park
Silverstone Circuit
Towcester
Northamptonshire
NN12 8GX
Silverstone Technology Cluster Limited is a company registered in England under company No. 10324273
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