Remarketing Auction Representative

Westlake Financial Services | Home Office
New Haven, CT, USA

Description Remarketing Auction Representative
New Haven, CT | Home office

POSITION SUMMARY:
This position is responsible for managing repossessed vehicle inventory and associated auction vendor relationships, and is the primary point of contact for vehicle assessment and reconditioning, sale preparation, vehicle valuation and sale decisions. The primary objective of this position is to maximize net recovery through the management of auction vendors and vehicle inventory, facilitating the timely, effective, and compliant preparation and sale of repossessed inventory, while avoiding unnecessary expense or delay, and ensuring adherence to company requirements by service providers.
This position works closely with auction management and staff, as well as various functions within the Remarketing Department and other internal departments as both service provider and service recipient.
The successful candidate must be self-directed in work prioritization, be able to work seamlessly between various databases, and demonstrate sound decision-making across a broad scope of responsibilities in a fast-paced environment. This candidate must understand how their performance impacts other functions and the company, overall. All duties must be performed in accordance with Westlake policies and procedures, as well as any applicable state and federal regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Actively monitor and manage vendor performance, including adherence to company guidelines, and provide corrective actions / recommendations
Manage regional inventory, including monitoring transport status, reviewing certification inspections, vehicle grading, reconditioning estimates, and sale preparation, and approving sale bids
Conduct on-site reviews of auction procedures, inventory prep, and sale effectiveness
Organize regular vendor status meetings with auction management and relevant staff, reviewing scorecards and other reporting, and coordinate follow-up on all performance deficiencies
Negotiate arbitration claims, as necessary, with consultation of senior management
Identify and execute market arbitrage opportunities
Audit auction expenses and announcements
Maintain and report travel-related expenses in accordance with company policies
KNOWLEDGE, SKILL & LICENSES:
Experience with vehicle valuation, reconditioning assessment, and wholesale remarketing channels
Understanding of macro and region-level social/economic activity, seasonality, and key automotive trends as it relates to used vehicle pricing
Ability to work independently with time constraints and competing deadlines
Detail-oriented with strong organizational skills
Effective and professional written and verbal communication skills
Flexibility in job functionality and ability to assimilate procedural changes
Good PC skills, ability to work with multiple platforms
Familiarity with NAAA auction policies highly desirable
Experience in frame assessment or condition report writing preferred
EDUCATION AND/OR EXPERIENCE:
Bachelor's Degree or college equivalent experience preferred
5 years of related automotive/remarketing experience required
MACHINES, OFFICE EQUIPMENT & SOFTWARE:
Daybreak, AutoIMS, RDN, Manheim Market Report, CSAToday
Web navigation and/or web-based applications
Personal computer: Microsoft Word, Excel, and Outlook
Copier, Faxing & other general office supplies
BENEFITS
Medical, Dental, and Vision benefits
Life Insurance and Long-term disability plans
Flexible Spending Account
401K matching
Employee Stock Ownership Program in a $18.2 Billion Company, plus company matching
Wellness Programs
Metro Tap Card and Metro-link Reimbursement (for Los Angeles, CA employees only)
Discounts on Parks, Museums, Movie Tickets, and Attractions
Annual Flu Shot
Paid Vacations Days
Paid Sick days
Paid holidays
HGym (available in our Los Angeles, CA & Dallas, TX office)
Rental Car Discounts, Dell Member Purchase Program
UKG Wallet
Acknowledgment
We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.
We are an equal opportunity employer and do not unlawfully discriminate in employment. No question on this application is used for the purpose of limiting or excluding any applicant from consideration for employment on a basis prohibited by local, state, or federal law. Equal access to employment, services, and programs is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify a representative
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