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:
BA/BS degree required in mathematics/statistics, finance, economics, business, business administration or related field
Masters or MBA degree is preferred
Minimum Experience:
7+ years of work experience in captive finance or consumer lending
Experience in leasing and residual settings
Other Job Specific Skills:
Proficient in MS Windows applications, with a strong emphasis in Excel and Access
Experience querying relational databases
Supervisory experience a plus
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.
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:
Competitive Base Salary (pay will be based on several variables that include, but not limited to geographic location, work experience, etc.)
Regional Bonus (when applicable)
Manager Lease Car Program (No Cost - Car, Maintenance, and Insurance included)
Industry-leading Benefit Plans (Medical, Dental, Vision, Rx)
Paid time off, including vacation, holidays, shutdown
Company Paid Short-Term and Long-Term Disability
401K Plan with company match + additional contribution
Relocation assistance (if eligible)
Career Growth:
Advancement Opportunities
Career Mobility
Education Reimbursement for Continued Learning
Training and Development Programs
Additional Offerings:
Lifestyle Account
Childcare Reimbursement Account
Elder Care Support
Tuition Assistance & Student Loan Repayment
Wellbeing Program
Community Service and Engagement Programs
Product Programs
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.
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