18 days old

CCB - Chase Auto - Manufacturer Partnership Business CFO - Executive Director

Wilmington, DE 19801
  • Job Code
    190059415

CCB - Chase Auto - Manufacturer Partnership Business CFO - Executive Director

Req #: 190059415
Location: Wilmington, DE, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 6500 US Dollar (USD)

The business provides private label branded auto lease and loan products to customers in-directly though new car dealers for our five manufacturer partners. The business has been a key contributor to the growth and performance of CA. The operating model includes dedicated individualized support for each of our partners including sales, underwriting and general administration. The business includes direct oversight of the Vehicle Remarketing group responsible for selling off lease and repossessed vehicles for CA.  Each of our manufacturer relationships are managed independently including separate P&L’s, business reviews, and financial support. 

  

The incumbent will be a key member of the Manufacturer Partner management team providing direct and integrated financial support with the broader CA finance teams.  In additional to the traditional financial business support, the role includes oversight for the auto lease portfolio and proprietary lease residual value loss model. Responsibilities include managing a staff of ten people based in Wilmington Delaware, Brooklyn New York, and Bangalore India. The team is comprised of 4 teams leads and six analysts split between providing traditional financial support and managing our lease residual risk  

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Responsibilities:
  • Management accounting including reporting, forecasting, budgeting and CCAR reporting
  • Key player in structuring private label residual/financial model
  • Directly involved in partners contract negotiations (New and renewals)
  • Partner with pricing team to create private label pricing
  • Month end close process including accruals
  • Business case oversight including managing the approval process of core assumptions
  • Residual value model oversight “primary user of this CCAR model”
  • Responsible for residual value management (including leading the relationship with ALG)
  • Internal and external reporting of key market indicators related to auto industry and lease residual exposure reviews
  • Credit underwriting capacity model
  • Commercial floor plan dealer rewards
  • Oversight of Vehicle Remarketing including dealer purchase incentives
  • Responsible to review and validation of allocations from CA and CCB support groups

Requirements:

  • Strong analytical background including building, developing and managing strong analytical teams
  • Experience managing a full P&L including complex products and accounting 
  • Strong understanding of financial accounting associated with revenue and expense recognition
  • Experience in pricing preferable related to amortizing loans 
  • Aptitude for synthesizing and presenting complex topics for senior management
  • Ability to multitask
  • Understanding of the key indicators for the auto industry
  • Background in pricing including funds transfer pricing
  • Understanding of balance sheet optimization, capital and counterparty exposure

In additional to leading discussions with external clients the incumbent will be required to partner with support groups of our clients organization and within JPMC.

 


Keyword: consumer%20banking

Categories

Posted: 2019-07-31 Expires: 2019-08-30

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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CCB - Chase Auto - Manufacturer Partnership Business CFO - Executive Director

JPMorgan Chase & Co.
Wilmington, DE 19801

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