Portfolio Manager, NextGear Capital

About the Opportunity

NextGear Capital, a Cox Automotive company, is hiring a Portfolio Manager. The Portfolio Manager manages and grows a portfolio of dealer clients across the assigned territory with lines of credit ranging from $50,000 to $2.5M within an assigned geographic territory. The primary responsibilities include building and maintaining relationships with clients, optimizing the portfolio through the clients' use of the line of credit, identifying and mitigating pre-default account risk, and supporting post-default collections on defaulted accounts. The geographic territory assigned will be in the Philadelphia area.

The candidate must permanently reside in the zip codes assigned to the Philadelphia territory including West Chester, Redding, Quakertown.

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
• Achieve goals and performance targets as set by the company
• Educate clients on desired performance behaviors, self-service options, and best practices
• Collect and analyze client financial information and various internal reports
• Collaborate and strategize with Risk and Recovery department
• Physical inspection of inventory, accuracy of audits and repossession
• Serve as a fiduciary for the company
• Detailed documentation in Salesforce
• Responsible for onboarding new clients

Job Knowledge, Skills And Abilities

Knowledge of the automotive industry and finance industry, proficiency in reading and analyzing financials, strong financial acumen, ability to identify risk indicators, strong presentation and communication skills, strong interpersonal skills, strong time management, negotiation and collection skills, analytical and problem-solving skills, ability to work independently and in a remote environment, ability to maintain a high level of safety awareness, proficiency in Excel, Word, PowerPoint, Outlook, Teams, and Salesforce.

Education And Experience

BA/BS with 4+ years related experience in finance, client facing, customer service, B2B, account management, and/or collections required. Automotive and/or floorplan industry background preferred. Financial knowledge and acumen preferred.

Physical Demands

Ability to visit clients at least 60% of the time with occasionally required overnight travel. Ability to sit and stand for extended periods of time. Valid driver's license is required for this position.

Compensation

Compensation includes a base salary in the range of $98,300.00 - $147,500.00. The base salary may vary within the anticipated base pay range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities. Position may be eligible for additional compensation that may include an incentive program.

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; and 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.

Applicants must currently be authorized to work in the United States for any employer without current or future sponsorship.

EOE, including disability/vets