Risk Manager

Who We Are:

At AFC (Automotive Finance Corporation) we fuel the entrepreneurial dream in our community. For more than 35 years, we’ve been committed to making dreams come true for independent car dealers. AFC’s finance solutions work with more than 12,000 independent dealerships across North America freeing up cash flow to give them more time to focus on building their business. Our solutions amplify purchasing power so dealers can stock their dealership lot with vehicles their customers seek. Learn more about AFC, here: https://www.autofinance.com/

AFC is proud to be a subsidiary of OPENLANE. AFC's core business complements the other business units within the OPENLANE group of companies. For more information, visit https://corporate.openlane.com/.

AFC’s Core Values: 

Elevating Relationships. We connect deeply with our customers - celebrating their wins and supporting their struggles as if they were our own.

Powered by Passion. We believe that “passion is our superpower” and that every success is built upon the commitment and perseverance of our employees.

Vision-driven. We look ahead to the bigger picture so our customers can be prepared; after all, their success is our destination.

Dedicated to You. We demonstrate value and appreciation by recognizing and validating each other’s efforts.  We stand committed to the success of our customers.

What We Offer: 

• Competitive pay

• Medical, dental, and vision benefits with employer HSA contributions (US) and FSA options (US)

• Immediately vested 401K (US) or RRSP (Canada) with company match 

• Paid Vacation, Personal, and Sick Time

• Paid maternity and paternity leave (US)

• Employer-paid short-term disability, long-term disability, life insurance, and AD&D (US)

• Robust Employee Assistance Program

• Employer paid Leap into Service Day to volunteer 

• Tuition Reimbursement for eligible programs

• Opportunities to expand your skill set and share your knowledge across a publicly traded, global organization

• Company culture of internal promotions, diverse career paths, and meaningful advancement 

We’re Looking For:

AFC’s Risk Managers facilitate, coach, and provide direction to internal and external customers on all risk related initiatives. They are responsible for understanding and counseling on risk situations, as well as reporting on the overall implications to the business via reporting and analytic tools. Risk Managers are responsible for understanding established policy and procedure, and encouraged to propose revisions to the leadership team in an effort to build efficiencies, and maintain compliance with regulations. This role will work cross-departmentally with operations, sales, legal, and credit services to escalate problem accounts and proactively identify customers that may be a credit risk.  The Risk Manager is Powered by Passion and Dedicated to the needs of our customers.

You Will:

As the Risk Manager you will:

• Pro Actively manage portfolios assigned, planning of mitigation efforts, and facilitate joint  efforts  to protect AFC’s/KAR’s assets.

• Provide reporting VIA RADAR Documentation/Sales Force and other needed reporting as the company see fit in an effort to mitigate risk on the assigned portfolio.

• Communicate all risk related issues to appropriate parties in a timely and efficient manner.

• Monitor compliance and coach market based employees on relevant issues, concerns and opportunities. 

• Analyze  portfolios at least monthly utilizing internal reports and relevant local economic factors. Dividing into Risk, Growth, Status Quo segments for Market level execution.

• Review of field reporting activity periodically to ensure that entries are correct and complete.

• Monitor compliance and adherence to corporate policy.

• Manage and monitor early risk signs, wind down accounts and PLN accounts to maximize recovery opportunity.   

• Communicate with Risk identified dealers as appropriate and coordinate details with market based personnel.

• Execute all activities necessary to collect and liquidate all repossessed inventory.

• Execute preliminary recovery actions relating to all Default/PLN  dealers including replevins, court appearances, and any other self help methods necessary to protect AFC collateral.

• Work with local, state and federal authorities, whenever possible, to assist in the collection/investigation efforts of dealers.

• Advise Market based personnel on next steps with FAILED audits.

• Meet and Achieve established loss and recovery goals on a monthly basis.

• Other duties, as assigned.

Must Haves:

• Two to five years of prior commercial collections experience required.

• Familiarity with concepts, procedures and processes typically used in automotive and financial services industries.

• Strong organizational, administrative and written/verbal communication skills. Google suite required

• Telephone, keyboard, standard office equipment familiarity required.

• College degree is preferred, not required.

Sound like a match? Apply Now - We can't wait to hear from you!