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Residual Value Manager

Do you want to lead the change?

At Volvo Cars, we are always looking for world-class leaders who bring out the best in our people. If you want to be part of leading and inspiring our mission to change the automotive experience and make people’s lives less complicated, then we have the job for you.


Volvo Summary:     

Volvo’s mission is to be the world’s most progressive and desired premium car company and to make people’s lives less complicated. Here at Volvo we are looking for individuals that want to be a part of this progressive change as well as be talented, committed and fun spirited when joining our globally diversified workforce. Employees at Volvo Car Inc. are the key component to our current and future success. We still continue to follow the initial core values instilled by our founders Assar Gabrielsson and Gustaf Larson (Gothenburg, Sweden Circa 1927). Everything we do here at Volvo starts with people in mind. We are looking for employees who are analytical, interpersonal, technical and teamwork driven to join the Volvo family and by providing our employees with a foundation for success we can help develop the latest and greatest innovations to the car manufacturing market.


Job Summary:           

The Residual Value Manager will be responsible to develop and oversee the residual value management process within Volvo Car USA. This responsibility includes modelling changes in the residual value of the lease portfolio on an ongoing basis as well as managing wholesale pricing analytics. This position will work closely with Volvo Cars’ Finance, Product, Pre-owned & Remarketing teams, as well as Volvo Car Financial Services, in building and maintaining strong residual values through all stages of the vehicle life cycle.


Primary Responsibilities:

  • Oversight of RV setting & portfolio risk assessment
  • Manage Senior Wholesale Pricing Analyst, jointly develop strategic analysis, and pricing recommendations/best practices
  • Ongoing statistical modelling to project residual values and identify risks & opportunities
  • Maintain a close relationship with 3rd party RV setters to validate and ensure correct residual value assumptions for Volvo Car USA
  • Guide product management team on RV impacts of pricing and contenting decisions
  • Maintain monthly residual value reporting and present to stakeholders/management
  • Manage relationship with Central Risk team, deliver portfolio reporting and stress testing
  • Optimize value retention through decision support of vehicle trims and contenting, remarketing, and portfolio management
  • Provide recommendations and analysis for pull ahead programs
  • Provide analytics and pricing support for all used vehicle channels, Off-Lease, Off-Rental, Company, etc.
  • Develop and maintain wholesale market price algorithm, optimizing coefficients and adding/removing appropriate variables
  • Provide analytical support to pre-owned/remarketing teams
  • Support field staff in messaging pricing methodology, overall remarketing strategy, and specific unit pricing
  • Drive organizational awareness of RV risk management strategies and concerns
  • Support emerging group brands in integrating RV concepts into business model and operations


Key Competencies/Abilities:

  • 8+ years' experience in a related role
  • Exceptional analytical skills with the ability to develop and utilize statistical models
  • Ability to perform advanced level of data analysis
  • Working knowledge of product competitive sets and broader automotive industry
  • Ability to present technical concepts in a clear & concise manner to varied audiences
  • Experience in residual values and automotive/financial services industry strongly preferred


Who are we?

Volvo Cars is a company on a mission; to bring traditional car manufacturing into a connected, sustainable and smart future.

Since 1927, we have been a brand known for our commitment to safety, creating innovative cars that make life less complicated for our consumers. In 2010, we decided to transform our business, resulting in a totally new generation of cars and technologies, as well as steady growth and record sales. Today, we’re expanding our global footprint in Europe, China and the US, and we’re on the lookout for new talent.

We are constantly pushing our own skills and abilities to drive change in the automobile industry like never before. We are looking for innovative, committed people to join us in this endeavour and create safe, sustainable and connected cars. We believe in the power of people and will challenge and support you to reach your full potential. Join us and be part of Volvo Cars’ journey into the future.

Rockleigh, NJ, US

Job requisition ID:  27291

Nearest Major Market: New York City

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