Remarketing Auction Representative

Westlake Financial; Minneapolis (MN); Remote; USD 85,000 - 92,000; Full time

Benefits offered by this job

Medical benefits

Dental & Vision

401K matching

Stock Ownership Plan

Wellness program

Career path opportunities

Discounts on parks & tickets

AT&T discounts

Paid vacation days

Paid holidays

Job summary

Westlake Financial is seeking a Regional Asset Manager in Minneapolis, MN (Remote option). You will oversee repossessed vehicle inventory and auction vendor relationships, serving as the main contact for assessment, reconditioning, and sale decisions.

The goal is to maximize net recovery while ensuring compliant, timely preparation and sale of inventory. You will work with auction management and internal departments, coordinating with various teams to monitor performance, control expenses, and

Qualifications

• Experience with vehicle valuation, reconditioning assessment, and wholesale remarketing channels.
• Understanding of macro regional automotive trends and pricing.
• Ability to work independently with deadlines and manage multiple priorities.

Responsibilities

• Actively monitor vendor performance and provide corrective actions.
• Manage regional inventory including transport status and reconditioning estimates.
• Conduct on-site reviews of auction procedures and sale effectiveness.
• Organize vendor status meetings and review scorecards.
• Negotiate arbitration claims with senior management input.
• Identify and execute market arbitrage opportunities.

Skills

Vehicle valuation

Reconditioning assessment

Wholesale remarketing

Education

Bachelor’s Degree

Tools

Daybreak

AutoIMS

RDN

Manheim Market Report

CSAToday

Job description

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.

Regional Asset Manager

Minneapolis, MN | Remote

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

PAY PLAN:

• $85,000-92,000 per year
• The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire and will be dependent on a wide range of factors, including but not limited to geographic location, skill set, experience, education, credentials, and licensure when applicable.

Benefits

• Medical, Dental, and Vision benefits
• Life Insurance, Flexible Spending Account
• 401K matching
• Employee Stock Ownership Program in a $14.2 Billion Company, plus company matching
• Wellness Program, Daily Team Exercises
• Westlake University, Certification Programs
• Career Path Opportunities
• Discounts on Parks, Museums, Movie Tickets, and Attractions
• AT&T Wireless Discounts
• Employee Loan Assistance
• Paid Vacations Days
• Paid Sick days
• Paid holidays
• Rental Car Discounts
• Dell Member Purchase Program
• UKG Wallet – pay advance

Acknowledgement

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