Sr. Manager, Credit

ACV•Buffalo, NY

13d•$112,000 - $135,000

About The Position

If you are looking for a career at a dynamic company with a people-first mindset and a deep culture of growth and autonomy, ACV is the right place for you! Competitive compensation packages and learning and development opportunities, ACV has what you need to advance to the next level in your career. We will continue to raise the bar every day by investing in our people and technology to help our customers succeed. We hire people who share our passion, bring innovative ideas to the table, and enjoy a collaborative atmosphere. Who we are: ACV is a technology company that has revolutionized how dealers buy and sell cars online. We are transforming the automotive industry. ACV Auctions Inc. (ACV), has applied innovation and user-designed, data driven applications and solutions. We are building the most trusted and efficient digital marketplace with data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable. We are disruptors of the industry and we want you to join us on our journey. Our network of brands include ACV Auctions, ACV Transportation, ClearCar, MAX Digital and ACV Capital within its Marketplace Products, as well as, True360 and Data Services. A Senior Manager, Credit is responsible for managing and developing the process for all aspects of the credit function. This position is further responsible for overseeing and leading teams of Credit along with Credit Analysts assessing and mitigating credit risk while ensuring that credit policies and procedures are followed. This role is crucial in the strategic development of credit risk assessment, policy development, and credit operations to ensure the organization’s credit portfolio remains healthy and profitable.

Requirements

Ability to read, write, speak and understand English.
Bachelor’s degree in finance, accounting, economics or related required.
8+ years’ Experience in Credit Risk Management, Underwriting or Financial Analysis.
3+ years’ Experience leading credit teams
Experience with credit policy development and regulatory compliance
Strong experience with credit risk tools and software
Deep understanding of regulatory frameworks
Strong decision making and problem solving skills for strategic credit decisions
Proven team management and leadership experience
Excellent communication and negotiation abilities

Nice To Haves

CFA, FRM, or CPA certification preferred

Responsibilities

Actively and consistently support all efforts to simplify and enhance the customer experience.
Develop goals and KPIs reporting and escalation framework for multiple teams and provide oversight and guidance to people managers to support alignment and progress updates.
Establish the end-to-end credit evaluation process, ensuring managers implement established policies, procedures, and regulatory guidelines to their teams.
Design credit risk models, leveraging data analytics to enhance credit assessment accuracy and predictability.
Establish and lead managers to implement the process for assessing creditworthiness of prospective and existing clients in the technology and automotive industries.
Collaborate with senior leadership of Capital Sales, Collections and other teams to structure credit solutions that align with clients' needs and risk profiles.
Analyze financial statements, credit reports, and market trends to institute and lead informed credit decisions and recommendations to multiple teams.
Oversee periodic reviews of existing credit facilities, adjusting terms and conditions as needed based on performance and risk evaluation.
Partner with VP of Risk to review insights on credit risk trends, portfolio performance, and potential areas for business expansion.
Stay abreast of industry trends and market developments in the technology and automotive sectors that may impact credit risk.
Cultivate relationships with external stakeholders such as credit bureaus, industry associations, and regulatory bodies.
Perform additional duties as assigned.

Benefits

Multiple medical plans including a high deductible, low cost health plan
Company-sponsored (paid) Short-Term Disability, Long-Term Disability, and Life Insurance
Comprehensive optional benefits such as Dental, Vision, Supplemental Life/AD&D, Legal/ID Protection, and Accident and Critical Illness Insurance
Generous paid time off options, including uncapped vacation days, the greater of 3 paid sick days or in accordance with the applicable state or local paid sick leave law, 6 paid company holidays, 2 floating holidays, parental leave, bereavement leave, jury duty leave, voting leave, and other forms of paid leave as required by applicable law or regulation
Employee Stock Purchase Program with additional opportunities to earn stock in the Company
Retirement planning through the Company’s 401(k)

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