Hybrid Portfolio Manager III

at Cox Enterprises

• Job title: Portfolio Manager III
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $107,200 - $160,800 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, California, United States

About the role

• Portfolio Manager managing and growing a portfolio of automotive dealer clients. Role includes driving revenue and mitigating risk within assigned territory for Cox Automotive.

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
• Participate and support other projects and initiatives as required.

Requirements

• BA/BS with 4+ yeas related experience in finance, client facing, customer service, 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
• Ability to visit clients at least 60% of the time with occasionally required overnight travel
• Valid driver’s license is required for this position.

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
• 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
• health care insurance (medical, dental, vision)
• retirement planning (401(k))