At a Glance
- Tasks: Lead the development of innovative forecasting models for vehicle finance.
- Company: Join a leading UK vehicle finance business focused on electric vehicle transition.
- Benefits: Generous salary, pension contributions, performance bonuses, and 30 days holiday.
- Other info: Flexible hybrid working options and a commitment to diversity and inclusion.
- Why this job: Make a real impact in the automotive industry while working with cutting-edge data science.
- Qualifications: 3+ years in vehicle valuations or related analytical fields; strong analytical and stakeholder management skills.
The predicted salary is between 61344 - 68160 £ per year.
Residual Value management is critical in supporting the Electric Vehicle (EV) transition, which is a key pillar in LBG’s purpose of Helping Britain Prosper by Keeping Britain Mobile. Reporting into the Senior Manager Residual Value (RV) Development you’ll own and manage the researching of existing and emerging trends and relationships impacting upon used vehicle market values, incorporating them into the RV forecasting modelling processes. We thrive on supporting our customers and relationship management is key to ensure cross business balancing. You’ll develop a broad network, collaborating across the Transport business and its support functions, Vehicle Manufacturers and other external market insight providers as you input into other strategic topics.
What you’ll be doing: Are you interested in the automotive industry and how data, insight and machine learning are shaping the future of vehicle finance? We're looking for a Residual Value Model Delivery Manager to join our Transport division and help transform our residual value forecasting capability. Working across Residual Value Development, Pricing, Data Science and Risk, you'll play a key role in delivering a new machine learning-led forecasting model that supports better commercial decisions and risk management. You'll help translate business requirements into analytical solutions, support model testing and governance activity, and provide insight on model performance against historic approaches, market benchmarks and real-world vehicle outcomes. Along the way, you'll build deep expertise in automotive markets, used vehicle pricing and the factors that influence residual values. This is a unique opportunity to work at the intersection of automotive expertise, data science and commercial decision-making, while helping support the transition to electric vehicles across one of the UK's largest vehicle finance businesses.
What we’re looking for:
- 3+ years’ experience in residual value forecasting, vehicle valuations, automotive pricing, remarketing, model development, econometric techniques or a closely related analytical field.
- Experience supporting complex project delivery or model implementation activity, including requirements gathering, testing, issue tracking or stakeholder coordination.
- Strong analytical skills, with experience working with large or complex datasets, reconciling outputs and drawing out clear, practical insights.
- Experience producing clear written summaries, reporting materials or visualisations that make analysis accessible for project teams, governance forums or senior stakeholders.
- Strong stakeholder management skills, with the ability to work collaboratively across technical and business teams, including data, pricing, risk or governance colleagues.
- A problem-solving approach, with the confidence to investigate anomalies, work through ambiguity and explain findings clearly.
And any experience of this would be useful:
- Experience working with machine learning models, model validation or model governance frameworks.
- Knowledge of used vehicle markets, automotive finance, leasing or fleet management.
- Experience comparing model outputs against benchmarks, legacy methodologies or actual market performance.
- Experience supporting risk, governance or approval processes within a regulated environment.
We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you: Our ambition is to be the leading UK business for diversity, equity, and inclusion supporting our customers, colleagues, and communities. We commit to crafting an environment in which everyone can thrive, learn, and develop. We provide reasonable adjustments during recruitment to reduce or remove barriers. Just let us know what you need.
We offer a wide‐ranging benefits package, including:
- A generous pension contribution of up to 15%
- An annual performance‐related bonus
- Share schemes including free shares
- Benefits you can tailor to your lifestyle, such as discounted shopping
- 30 days’ holiday, plus bank holidays
- A range of wellbeing initiatives and generous parental leave policies
Ready for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more!
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