Head of Asset Management and Vehicle Remarketing

Lloyds Banking Group; Manchester; Hybrid; GBP 104,000 - 124,000; Full time

Job summary

An established industry player is seeking a Head of Asset Management and Vehicle Remarketing to lead their innovative team. This role offers a unique opportunity to shape the strategy for vehicle asset management, ensuring optimal asset value as the UK transitions to electric vehicles. Ideal candidates will have extensive knowledge of the motor industry and a proven track record in finance and supplier management. Join a forward-thinking company committed to inclusivity and diverse career opportunities, and make a meaningful impact on customers and communities.

Benefits

Up to 15% pension contribution

Annual performance-related bonus

Share schemes, including free shares

Flexible benefits like discounted shopping

30 days holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Extensive knowledge of the motor industry and vehicle finance.
• Proven track record in remarketing and supplier management.

Responsibilities

• Create and implement vehicle asset management strategy.
• Manage vehicle remarketing function and supplier negotiations.
• Oversee supplier performance and lead a team of Account Managers.

Skills

Vehicle Finance/Leasing

Supplier Management

Product Development

Contract Management

Negotiation Skills

Education

Degree in Business or Finance

Job description

End Date: Thursday 08 May 2025

Salary Range: £104,992 - £123,520

We support flexible working – click here for more information on flexible working options

Flexible Working Options: Hybrid Working, Job Share

Job Description Summary:

Job Title: Head of Asset Management and Vehicle Remarketing

Locations: Manchester or Newport

Hours: Full-time

Working Pattern: Our work style is hybrid, involving at least two days per week, or 40% of our time, at an office hub mentioned above.

About this opportunity

Lloyds Banking Group (LBG) is the UK's leading consumer and commercial bank, with a presence that reaches nearly every community and household in the country. We are dedicated to prioritising customers and aim to be the Best Bank for Customers.

We are offering an experienced professional the chance to join our Asset Management and Remarketing team within LBG's Transport division. This market-leading division supports customers and drivers transitioning to more sustainable driving options, playing a pivotal role in the transition to Net Zero by financing electric vehicles for consumers and businesses.

The Asset Management and Remarketing team manages manufacturer relationships, supports used leasing, and optimises vehicle asset value upon return from customers.

This role offers a unique opportunity to develop and execute the strategy to fully integrate vehicle asset management, from purchase to final disposal, at the optimal point. This capability is highly visible at the senior level within the group, especially as the UK transitions to electric vehicles.

Ideal candidates should possess extensive knowledge of the motor industry, vehicle finance/leasing, and have a proven track record in remarketing, supplier management, product development, and contract management. We seek highly curious individuals who can innovate, motivate colleagues, challenge existing practices, and deliver tangible benefits.

About us

Join us to make a difference to customers and enjoy a fulfilling career with opportunities to be yourself, great colleagues, transforming workspaces, hybrid working, and diverse career opportunities.

Key Accountabilities

• Create, define, and implement the full end-to-end vehicle asset management strategy, including managing OEM and third-party supplier relationships and collaborating with our residual value team to ensure circularity of the RV and asset management ecosystem.
• Manage the vehicle remarketing function, including negotiations with suppliers to ensure optimal terms and meet finance targets.
• Manage a range of suppliers for procurement, service, and remarketing to ensure contractual obligations are met.
• Expand the used leasing proposition to meet business targets.

How you'll make a difference

• Manage the returning vehicle portfolio to maximise profitability and ensure timely disposal or alternative routes.
• Oversee supplier performance to meet KPIs, including purchases, service, logistics, storage, refurbishment, and customer service.
• Lead a team of Account Managers to deliver high-quality service.
• Scale the used leasing proposition through broker and corporate channels and introduce D2C options.
• Provide accurate, timely analysis and reporting on remarketing activities.
• Present key themes to senior stakeholders and assess impacts on the business.
• Implement business plans to achieve results swiftly.
• Lead, motivate, and develop a team with high engagement, retention, and talent development.
• Build strong stakeholder relationships, influence effectively, and drive appropriate actions.

About working for us

We are committed to inclusivity, diversity, and creating a workplace where everyone belongs. We have set goals for diversity in senior roles, offer health and wellbeing initiatives, and welcome applications from under-represented groups. We are disability confident and offer reasonable adjustments during recruitment.

Benefits

• Up to 15% pension contribution
• Annual performance-related bonus
• Share schemes, including free shares
• Flexible benefits like discounted shopping
• 30 days holiday plus bank holidays
• Wellbeing initiatives and parental leave policies

If this role resonates with you and you seek meaningful work, please get in touch to discuss!

At Lloyds Banking Group, our purpose is to help Britain prosper. We focus on making a difference to customers, businesses, and communities. Join us to shape the future of financial services, with many opportunities for growth and development.

We prioritize data safety and only request sensitive information during formal interview or offer stages, explaining the reasons clearly. We are committed to creating an inclusive culture where all colleagues can thrive.