Head of Residual Value Forecasting
The Head of Residual Value Forecasting is responsible for estimating the expected residual value expense for new car portfolio (consisting of several OE). This critical estimate has important implications to the company’s P&L and acts as a check and balance against the residual value setting process. This position owns the market value model, return rate model, and loss forecasting modules and leverages these models to create value-added proposals for the organization.
Key Tasks and Responsibilities
- Day-to-day management of project rollouts
- Ensure compliance with ABS financial partners
- Estimate expected residual values for new car purchases using statistical models and defined processes
- Monitored residual value during life-cycle, including: front-end pricing, internal costs, monthly auction values of automobiles, and vehicle remarketing
- Manage/assist remarketing floor pricing
- Vehicle purchasing analysis involving OE production planning and retail demand forecasting
- Product planning based on proactively conceiving fastest-selling vehicle models with equipment
- Research analysis impacts on used car wholesale values
- Train, manage a team of analysts supporting the forecast process
- Ensure compliance and corporate policies
- Ensure strong documentation, process flows, and repeatable processes
- Collaborate with Business Intelligence to ensure data completeness and accuracy
- Assist with model monitoring and calibrations. Leverage statistical models to make recommendations for pull-ahead programs and targeted terms
- Leads and/or support key corporate initiatives related to residual value forecasting; Collaborate with fleet controlling, accounting, car-control and remarketing to understand all of the data fields and processes impacting residual value expenses
Your Qualities
- Bachelor’s degree required, preferably in mathematics, statistics, economics, finance, or related discipline
- Advanced SQL knowledge
- Exceptional organizational and project management skills and the ability to multitask, with demonstrated successful track record in promoting and managing change with a high degree of creativity
- Ability to quickly achieve proficiency with new software and technology platforms
- Strong interpersonal capabilities and ability to work cross-functionally with other leaders on sensitive and/or emotional issues
- Strong verbal and written communication skills
- Ability to wear many hats and think outside of the box; adept at problem solving
- Familiarity with project management methodology and processes
- Proficiency with MS Office applications, particularly strong MS Excel and PowerPoint skills
- Must be authorized to work in the United States and not require work authorization sponsorship by our company for this position now or in the future
Why Choose Sixt?
Including vacation, medical, dental, vision, 401(k), Short- and Long-Term Disability, and additional benefits, as well as future growth opportunities within the company. At Sixt, we pride ourselves on having an inclusive and unique environment. We are an Equal Opportunity-Affirmative Action Employer – Minority / Women / Men / Disability / Veteran / Gender Identity / Sexual Orientation.
Corporate Procurement for Indirect Expenditure buys everything that isn’t a car! This division includes the following teams: Strategic Procurement, Operational Procurement & Procurement Services, and Procurement Products & Software. These teams ensure the reliable coverage and fulfillment of all requirements of the SIXT Group - whether it is vehicle-related services, professional services, IT hardware and software, and construction or marketing services. Not only do they focus on the strategic orientation of the company, but also on having a competitive cost structure and ensuring that the complex quality requirements are met. We continue to grow and seek support to achieve our goal of a fully digitized source-to-pay process as part of our procurement 4.0 strategy
SIXT stands for exciting mobility and customer tailored solutions. With nearly $1,8 billion in revenue and a presence in over 110 countries worldwide, it is no wonder we are a global leader in the car rental industry. In the USA alone, we are experiencing over 30% growth for the last several years, which provides great career opportunities in the future for the right candidates. Founded as a small car rental company in Pullach near Munich, Germany, today at SIXT we unite all our mobility products SIXT rent (car rental), SIXT share (car sharing), SIXT ride (taxi and chauffeur services), SIXT+ (car subscription) all in a single mobility platform ONE, which gives our customers access to a fleet of 205,400 vehicles, the services of 1,500 partners and 1.5 million drivers worldwide. SIXT hires with a focus on service-oriented, entrepreneurial team players, who are excited about interacting with customers and colleagues from all over the world. SIXT is more than just renting cars. We have a passion for style, technology, innovation, creativity, and entrepreneurial spirit.