Portfolio Manager III - NextGear Capital

Cox Automotive; Belleville (MI); On-site; USD 98,000 - 148,000; Full time

Job summary

NextGear Capital, a Cox Automotive company, is seeking a Portfolio Manager to oversee a growing portfolio of dealer clients across Northwestern Ohio and Detroit South. You will manage lines of credit from $50,000 to $2.5M and serve as a fiduciary by maintaining relationships and mitigating risk.

The role requires in-person or virtual client engagement within the territory, strong financial acumen, and the ability to navigate risk and recovery with internal partners.

Qualifications

• BA/BS in finance or related field is required or equivalent experience.
• Experience in B2B client facing roles with a focus on credit or finance.
• Automotive and/or floorplan industry background preferred.

Responsibilities

• Optimize dealers' use of lines of credit ($50K–$2.5M) within portfolios.
• Meet goals by engaging clients in person or virtually to drive revenue.
• Educate clients on performance behaviors and self-service options.
• Collect and analyze financials and dashboards to monitor dealer performance.
• Identify growth opportunities using historical data and tools.
• Collaborate with Risk and Recovery on pre/post-default activities.
• Inspect inventory and ensure audits and repossessions are accurate.
• Act as fiduciary, report non-compliance or fraud to protect the company.
• Maintain integrity and pursue best outcomes for clients and firm.
• Document conversations in Salesforce and complete campaigns.
• Onboard new clients to ensure positive experiences.
• Cultivate cross-functional Cox Automotive relationships.

Skills

Portfolio management

Client relationships

Financial analysis

Risk management

Salesforce

Excel

Communication

Education

BA/BS in Finance

MS degree +2 years alternative

8 years experience alternative

Tools

Salesforce

Excel

PowerPoint

Job description

NextGear Capital, a Cox Automotive company, is hiring a Portfolio Manager.

The Portfolio Manager will manage and grows a portfolio of dealer clients across Northwestern Ohio and Detroit South with lines of credit ranging from $50,000 to $2.5M within an assigned geographic territory. The primary responsibilities include building and maintaining relationships with clients, optimizing the portfolio through the clients' use of the line of credit, identifying and mitigating pre-default account risk, and supporting post-default collections on defaulted accounts.

• Must permanently live in assigned territory. Center of the market is Northwestern Ohio - Toledo.**

Responsibilities

• Optimize each client's use of the line of credit within an assigned portfolio whose lines of credit range from $50,000 to $2,500,000 by acting as floor plan subject matter expert to their portfolio of clients.
• Achieve goals and performance targets as set by the company by regularly engaging with clients in person or virtually by collaborating with internal partners to drive revenue and maximize profitability through prudent account management, controlled growth and risk mitigation.
• Educate clients on desired performance behaviors, self-service options, and best practices and coach them to ensure compliance with company policies and expectations.
• Collect and analyze client financial information and various internal reports and dashboards to assess and monitor dealer performance and address with the dealer as appropriate to drive growth and manage risk.
• Utilize company provided historical data and tools to identify targets for opportunity of growth and determine clients that are having financial distress.
• Collaborate and strategize with Risk and Recovery department with pre-default risk mitigation and post default collection efforts on defaulted accounts within a specified timeframe. Minimize loss and maximize recovery.
• Physical inspection of inventory, and accuracy of audits and repossession as necessary. Inspect what is expected to ensure quality control, inventory, audit self- reconciliation, addition of inventory and buying behaviors.
• Serve as a fiduciary for the company including identifying and reporting to the company any material client or internal non-compliance with company policies, attempted or actual fraud upon the company or any other circumstance that may require identification and reporting to protect the company.
• Operate with the highest level of integrity and always strive to achieve the best outcome for both the clients and our company.
• Detailed documentation in Salesforce all prudent conversations, activities and client interactions as required by the company KPI's. Complete all Salesforce campaigns as required by the company.
• Responsible for onboarding of new clients to ensure a positive and successful client experience.
• Cultivate Cox Automotive cross functional business unit relationships and opportunities.

Job Knowledge, Skills and Abilities:

• Knowledge of the automotive industry (various sectors).
• Knowledge of the finance industry (various sectors).
• Proficiency of reading and analyzing financials, such as profit & loss, balance sheet, tax returns and bank statements preferred.
• Strong financial acumen with working knowledge of key financial tools and terminology.
• Ability to identify risk indicators through data tools.
• Ability to communicate a proactive performance plan on continuous basis individually and client level.
• Strong presentation, verbal and written communication skills.
• Strong interpersonal skills with ability to interact with clients, collaborate with internal team members. and external partners at various levels within the organization.
• Strong time management skills with ability to manage deadlines.
• Strong negotiation and collection skills.
• Strong analytical and problem-solving skills.
• Ability to work independently and in a remote environment.
• Ability to maintain a high level of safety awareness and take necessary safety precautions.
• Proficient in Excel, Word, PowerPoint, Outlook, Teams and Salesforce.

Education and Experience:

• BA/BS with 4+ yeas related experience in finance, client facing, B2B, account management and/ or collections required. Candidate can also have a combination of a MS degree and 2+ years, or 8 years of experience in lieu of a degree.
• Automotive and/or floorplan industry background preferred.
• Financial knowledge and acumen preferred.

Physical Demands:

• Ability to visit clients at least 60% of the time with occasionally required overnight travel.
• Ability to sit and stand for extended periods of time.
• Valid driver's license is required for this position.

USD 98,300.00 - 147,500.00 per year

Compensation:

Compensation includes a base salary in the range of $98,300.00 - $147,500.00. The base salary may vary within the anticipated base pay range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities. Position may be eligible for additional compensation that may include an incentive program.

Benefits:

The Company offers eligible employees the flexibility to take as much vacation with pay as they deem consistent with their duties, the company's needs, and its obligations; seven paid holidays throughout the calendar year; and up to 160 hours of paid wellness annually for their own wellness or that of family members. Employees are also eligible for additional paid time off in the form of bereavement leave, time off to vote, jury duty leave, volunteer time off, military leave, and parental leave.

Applicants must currently be authorized to work in the United States for any employer without current or future sponsorship.

EOE, including disability/vets