[Hiring] Portfolio Manager III @Cox Enterprises

Role Description

NextGear Capital, a Cox Automotive company, is hiring a Portfolio Manager to cover the Houston, TX (Metro West) territory. The Portfolio Manager is responsible for managing and growing a portfolio of dealer clients with lines of credit that range from $50,000 to $2,500,000 within the Houston, TX 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.
• Supporting post-default collections on defaulted accounts.

Responsibilities

• Optimize each client’s use of the line of credit within an assigned portfolio.
• Achieve goals and performance targets set by the company.
• Educate clients on desired performance behaviors and best practices.
• Collect and analyze client financial information to assess dealer performance.
• Utilize historical data to identify growth opportunities and financial distress.
• Collaborate with Risk and Recovery department for risk mitigation and collections.
• Conduct physical inspections of inventory and audits.
• Serve as a fiduciary for the company, reporting any non-compliance or fraud.
• Document all conversations and activities in Salesforce as required.
• Onboard new clients to ensure a positive client experience.
• Cultivate cross-functional business unit relationships and opportunities.

Qualifications

• Knowledge of the automotive industry (various sectors).
• Knowledge of the finance industry (various sectors).
• Proficiency in reading and analyzing financials (profit & loss, balance sheet, etc.).
• Strong financial acumen with knowledge of financial tools and terminology.
• Ability to identify risk indicators through data tools.
• Strong presentation, verbal, and written communication skills.
• Strong interpersonal skills for client interaction and collaboration.
• Strong time management skills with ability to manage deadlines.
• Strong negotiation and collection skills.
• Strong analytical and problem-solving skills.
• Ability to work independently and in a remote environment.
• Proficient in Excel, Word, PowerPoint, Outlook, Teams, and Salesforce.

Requirements

• Bachelor’s degree in a related discipline and 4+ years’ experience in a related field.
• Automotive and/or floorplan industry background preferred.
• Financial knowledge and acumen preferred.

Benefits

• Flexible vacation policy based on duties and company needs.
• Seven paid holidays throughout the calendar year.
• Up to 160 hours of paid wellness annually for personal or family wellness.
• Additional paid time off for bereavement, voting, jury duty, volunteering, military leave, and parental leave.