Portfolio Manager III - NextGear Capital

Cox Enterprises; Missouri; On-site; USD 90,000 - 125,000; Full time

Job summary

NextGear Capital is hiring a Portfolio Manager to manage a dealer client portfolio with lines of credit from $50,000 to $2.5M in the Kansas City area. The role focuses on relationship building, portfolio optimization, risk mitigation, and supporting collections when necessary.

Candidates should have a BA/BS with 4+ years in finance or related fields; advanced degrees or extensive experience are a plus. Frequent client visits and travel are expected, with strong analytical and communication

Qualifications

• BA/BS with 4+ years in finance or related field.
• MBA/Master’s optional with relevant experience.
• Experience in B2B, client-facing roles and collections is preferred.

Responsibilities

• Manage and grow a dealer portfolio with credit lines from $50k to $2.5M.
• Build relationships and drive revenue while controlling risk.
• Educate clients on best practices and ensure policy compliance.
• Review financials and dashboards to monitor dealer performance.
• Identify growth opportunities using historical data and analytics.
• Collaborate with Risk and Recovery on pre-default and post-default actions.
• Perform inventory audits and ensure quality control and safety.

Skills

Financial analysis

Client relationship management

Risk assessment

Account management

Education

BA/BS with 4+ years experience in finance

Master's degree +2 years

8+ years experience in lieu of a degree

Tools

Excel

Word

PowerPoint

Outlook

Salesforce

Teams

Job description

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

The Portfolio Manager manages and grows a portfolio of dealer clients across the assigned territory 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.

The geographic territory assigned will be in the Kansas City area.

Candidates must live with the assigned territory.

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 new clients to ensure a positive and successful client experience.
• Cultivate Cox Automotive cross functional business unit relationships and opportunities.

QUALIFICATIONS:

• BA/BS with 4+ yeas related experience in finance, client facing, customer service, B2B, account management and/ or collections. Candidates may also have a combination of a Master's 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.
• 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.
• Ability to visit clients at least 60% of the time with occasionally required overnight travel.
• Valid driver’s license is required for this position.