Asst Manager-Risk Residuals

Job Description

Legal Entity :  American Honda Finance Corp.

Business Unit :  American Honda Finance Corp

Division :  Financial Services Division

Work Location : Torrance - Main Campus Location

Workstyle :   Onsite

Career Level :   5

Job Grade :  Exempt-4

Salary Range : $94,900.00  - $142,400.00

Job Purpose

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.

Key Accountabilities

Key Accountabilities will include but are not limited to :

• 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

Qualifications, Experience, and Skills

We are looking for qualified people with diverse backgrounds and experiences, open minds, and a disciplined work ethic. To bring the future to Honda as an Assistant Manager, you must have :

Minimum Education Qualifications :

Minimum Experience :

Other Job Specific Skills :

Job Dimensions

Direct Reports- 2

Working Conditions

Onsite- Workstyle 80 / 20 (4-days in office 1-day remote) Torrance Location

Travel 5%

What differentiates Honda and make us an employer of choice?

Total Rewards :

Career Growth :

Additional Offerings :

Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.