Head of Residual Value

Peaple Talent has exclusively partnered with a leading automotive leasing organisation who are recruiting for a The Head of Residual Value (RV) and Service, Maintenance and Repair (SMR) Risk. You’ll be part of the Senior Leadership Team within the Asset Risk Division, which has the responsibility for forecasting our clients operation’s key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing (Car, WAV PWSS). This role is accountable for delivering residual value and SMR budget forecasts and revaluations of existing forecasts for vehicles on fleet as well as the narrative around the past and future vehicle products and values. This role is key in understanding the transition to electric vehicles and its impact on depreciation dynamics

key responsibilities:

• You will drive the Asset Risk strategy and ensure success of AR objectives by steering and prioritising AR activity and ways of working as a member of our SLT

• You will lead and develop a team of experts, ensuring they develop and maintain the skills and knowledge needed, remain engaged, and are passionate about effective communication and stakeholder management.

• You will be drawing on broader AR operations support on data & insight, modelling and tools via our matrix way of working, driving objectives for the wider division.

• You will work closely with wider business SLT to drive and ensure delivery of strategic objectives, as well as sharing Asset Risk insight

• You will be accountable for delivering the quarterly RV and SMR Reviews and fleet revaluations. This includes the systems, tools and processes that support RV&SMR risk activity e.g. chairing the cross functional RV Forum and SMR forum

• You will be accountable for leading the continuous development of our RV and SMR forecasting approaches as well as supporting outlooks

• You will be accountable for delivering the 5+ year outlook for RVs and SMR budgets, incorporating key factors such as industry and volume and risk dynamics, ensuring data informs our understanding of current and future pricing and producing strong insight and story-led narratives

• You will be responsible for managing the financial budget of your team, including associated consultancy spend

• You will champion our purpose of unbiased storytelling grounded in data and expertise

• You will work with the Asset Risk Leadership Team to ensure the requirements of the AR Operations Team are understood, planned and managed for all strategic projects and business as usual activity across the relevant time frames of 12 to 24 months.

• You will work with your fellow Strategic Leadership colleagues to develop strong Asset Risk colleague engagement & wellbeing through effective communication, development and training, recognition and inclusion.

• You will develop collaborative and enduring relationships and be an advocate for Asset Risk and our ways of working internally and also representing the organisation within the industry and expert areas

About you

• Ability to create and explain complex narratives to influence varied stakeholders, including ExCo members

• Passionate about the intersection of automotive industry, wider economy and consumer choices, and using data to create meaningful insight, building convincing narratives for the future

• Confident in ensuring data accuracy feeding models, insight and forecasts

• Comfortable living in the ‘grey’, predicting a central path while sizing the risks and alternative outcomes and taking a proactive lead on risk management

• Ability to bring together a matrix team to deliver outcomes and drive change

• Commercial awareness: Can understand the business environment, market trends, and the financial impact of decisions to align models with the organisation’s strategic goals

• Ability to develop solutions for complex financial problems

Key skills and experience

• A degree in Economics, Actuarial Science, Statistics, Mathematics or a related field is usually required

• Extensive experience of delivering both strategic insight and key operational activities to a group of multiple stakeholders in a matrix management model

• Over 8 years experience of leading a team, delivering data based outlooks and complex narratives

• Experience of delivering insight that has made tangible changes in a commercial environment

Desirable criteria

• Master’s Degree in fields like Economics, Data Science, Business Analytics, or a related discipline