At Exeter Finance, we are committed to helping customers find the right financing for their next vehicle purchase. By building strong relationships with our customers and network of dealer partners we are able to give options that make sense, getting customers behind the wheel of their car.
Every team member is integral to our success. Whether you’re at a servicing center helping customers with their loans, in the field building relationships with dealers, or supporting the company from its corporate offices, you'll enjoy a nurturing, invigorating and positive work environment.
Our vision is to be a premier finance company and lender of choice known for its People, Performance and Service.
Job Description
Job Summary
Manager of Loss Forecasting will play the lead role in developing Exeter’s Credit loss forecast and providing variance analysis on a periodic basis. The individual will lead the loss forecasting team to improve loss forecasting tools and processes, ensure compliance and perform ad-hoc analysis to investigate variances. Additionally, the individual will also own sub-components of loss forecasting, such as Securitization, Warehouse and Loan loss reserves forecasting.
Job Duties
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Oversees and ensures the execution of monthly loss forecasting (including Securitization, Warehouse and Loan loss reserves forecasting), variance explanation and communicates results and variances to management.
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Monitors daily operations of loss forecasting analysts and exercises independent judgement to solve day-to-day challenges and escalations based on subject matter expertise and organizational knowledge.
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Manages and develops others in alignment with Exeter’s People and Performance expectations.
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Proactively identifies and makes recommendations to improve loss forecasting tools, models and processes.
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Performs ad-hoc analysis and insight generation in alignment with business objectives.
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Build effective working relationships with other departments in order to meet business goals and objectives.
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Ensures compliance with Exeter’s policies & procedures, safety, state and federal laws, regulations and standards.
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Other duties as required.
Education and Work Experience
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College degree in a job related field, or equivalent experience.
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Six or more (6+) years of similar experience in a credit analytics or loss forecasting; automobile lending and/or collections experience is required; with at least one (1) year in a management role.
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Ability to use appropriate analysis, judgment, and logic when solving issues, providing recommendations and making decisions.
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Ability to apply industry knowledge and critical thinking skills while solving day-to-day problems.
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Must possess sound judgment in gauging the severity of identified problems.
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Strong analysis and reporting skills.
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Proficient in Excel and SQL.
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Good communication skills, both written and verbal.
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Strong problem solving skills.
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Able to complete multiple tasks with minimal supervision and be self-motivated.
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High competency with reporting tools and metrics.
Exeter Finance LLC is an Equal Opportunity Employer.
Individual compensation packages are based on various factors unique to each candidate including
skill set, experience, qualifications and other job-related reasons.
90,400.00 USD-$124,300.00
Top Skills
What We Do
At Exeter, we are committed to helping consumers find the right financing for their next vehicle purchase. We work with thousands of franchised and independent auto dealers nationwide to make vehicle ownership possible for everyone. We have helped more than one million consumers purchase the cars and trucks they want by providing the financing solutions they need.
Our mission is to create superior value for our stakeholders by providing financial solutions through building exceptional customer, dealer and partner relationships while exhibiting a Culture of Excellence.
Our vision is to be a premier auto finance company and lender of choice known for its People, Performance and Service.
