What are the responsibilities and job description for the Sr Dir Residual Value Management position at Hertz Local Edition?
The Sr Director, Residual Value Management will lead a team responsible for the strategic forecasting and management of vehicle residual values.
A Day in the Life:
The Sr Director, Residual Value Management will be responsible for leading and managing the team responsible for developing and managing forecasts for residual values and setting the strategy for optimizing, protecting, and enhancing the residual values of Hertz’s fleet of vehicles.
Starting salary is $160K; commensurate with experience.
What You’ll Do:
- Provide vision and leadership for the residual value management function at Hertz, building a high performing team focused on data-driven forecasting and execution and strong data governance
- Collaborate with the Data Science team on the development of residual value forecasts utilizing all available industry data and Hertz’s own car sales data
- Provide residual value support to enable Hertz to develop short and long term strategies for vehicle acquisition, fleet rotation, and car sales optimization to maximize long term profitability of the company
- Partner with and develop strong working relationships cross-divisionally with Finance, Accounting, Procurement, Car Sales, and Fleet Planning to establish aligned residual value strategies.
- Serve as Hertz’s subject matter expert for automotive market trends and external economic factors impacting residual values and fleet depreciation
- Monitor market conditions, competitor and OEM activity, and supply/demand trends for risks and opportunities
- Build strong relationships with Guide Books, OEMs, and auction/retail partners to protect and enhance residual values.
- Create dashboards and real-time reporting tools for both executive leadership as well as operational teams to empower them with robust residual value information
- Craft robust executive level presentations with succinct messages and conclusions
- Develop training programs and resources to enhance the general understanding of residual values and how they are affected by industry and economic factors
What We’re Looking For:
- Bachelor’s degree in Mathematics, Statistics, Analytics, Finance, Economics, or related field. MBA or advanced degree strongly preferred
- 5 years of experience in residual value management
- 5 years of experience in a leadership position
- Strong analytical and data modelling skills and experience working with large datasets and data analytical tools
- Robust communication and presentation skills with the ability to translate complex data into actionable business insights
- Strong executive presence
- Experience managing diverse teams
- Ability to work cross-functionally and manage multiple priorities in a fast-paced and complex environment
What You’ll Get:
- Up to 40% off any standard Hertz Rental
- Paid Time Off
- Medical, Dental & Vision plan options
- Retirement programs, including 401(k) employer matching
- Paid Parental Leave & Adoption Assistance
- Employee Assistance Program for employees & family
- Educational Reimbursement & Discounts
- Voluntary Insurance Programs - Pet, Legal/Identity Theft, Critical Illness
- Perks & Discounts –Theme Park Tickets, Gym Discounts & more
Salary : $160,000