Head of Asset Management and Vehicle Remarketing

JOB TITLE: Head of Asset Management and Vehicle Remarketing

LOCATION(S): Manchester or Newport

HOURS: Full-time

WORKING PATTERN: Our work style is hybrid, which involves spending 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.

LBG is dedicated to prioritising customers and is on a strategic path to fulfil its goal of being the Best Bank for Customers.

We're thrilled to offer an experienced professional the chance to join our Asset Management and Remarketing team within LBG's Transport division. This market leading division is instrumental in aiding customers and drivers as they shift towards more sustainable driving options, playing a pivotal role in advancing the transition to Net Zero by facilitating the financing of electric vehicles for both consumers and business clients.

The Asset Management and Remarketing team is responsible for the manufacturer relationships that support our customers, used leasing, and optimising asset value on vehicles returning from customers.

You'll have the unique opportunity to create and implement the strategy to fully integrate our vehicle asset management capabilities, from purchase through multiple customer contracts and ultimately final disposal at the optimum point.

This capability is a critical success factor as the UK transitions to electric vehicles and as such is highly visible up to the most senior levels in the group.

To excel in this role, you should ideally have extensive knowledge of the motor industry and vehicle finance/leasing. A proven track record in remarketing, supplier management, product development and contract management is preferred. We're looking for highly curious individuals who can innovate, motivate colleagues to challenge ways of working and deliver tangible benefits.

About us

Join us and, as well as making a difference to customers, you’ll enjoy a fulfilling career where you’re free to be yourself. Great colleagues, transforming workspaces, hybrid working, and a wide variety of career opportunities – you’ll find them all here.

Key Accountabilities

• Create, define and implement the full end-to-end vehicle asset management strategy including managing key OEM and other 3rd party supplier relationships and working closely with our residual value team to ensure circularity of our whole RV & asset management ecosystem

• Manage the vehicle remarketing function, including negotiations with suppliers to ensure we get optimum terms across LBG and achieve finance targets

• Manage a range of suppliers for Procurement, Service, and Remarketing to ensure contractual obligations are achieved.

• Grow the used leasing proposition to ensure business targets are achieved.

Here's how you'll make the difference in this exciting role...

• Directly responsible for the management of the returning vehicle portfolio to maximize profitability and ensure timely disposal (or alternative route)

• Responsible for the management of suppliers to ensure they are meeting agreed key performance indicators. This includes purchases, service, logistics, storage, refurbishment, and general customer service.

• Manage a portfolio of key suppliers via a team of Account Managers to ensure the delivery of a quality service.

• Scale the used leasing proposition by scaling the broker and corporate channels and introducing other D2C options.

• Responsible for the regular, accurate, timely analysis and reporting on all aspects of the remarketing department.

• Present key themes to senior stakeholders from a wide range of sources and identify possible impacts on the business.

• Implement business plans to achieve results and act at pace.

• Lead, motivate, and develop a team of colleagues with high levels of engagement, retention, and talent development through a strong people plan.

• Build strong stakeholder relationships, influence with impact, and use your judgment to drive appropriate actions.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

If all of this resonates, and you want a job with big meaning, then please do get in touch to discuss!