Remarketing Auction Representative

AI overview

Manage vehicle remarketing processes with auction partners to optimize net proceeds, mitigate residual value loss, and ensure compliance with regulations.
At Lendbuzz, we believe financial opportunity should be more personalized and fair. We develop innovative technologies that provide underserved and overlooked borrowers with better access to credit. From our employees to our dealers, partners, and borrowers, we’ve built a company and a culture around a resolute belief in the promise and power of diversity. We value independent and critical thinking. We are looking for a Remarketing Auction Representative to manage vehicle remarketing processes with auction partners and support overall corporate objectives. This role focuses on maximizing net proceeds, minimizing inventory turn time, and mitigating residual value loss. Responsibilities include overseeing inventory transport, inspections, pre-sale preparation, and post-sale reporting. The position requires close collaboration with auctions to optimize performance while ensuring full legal compliance. This role reports to the Remarketing Supervisor and is fully remote with traveling involved. Key Responsibilities:
  • Manage and optimize assigned auction relationships, including field visits and negotiating service fees for peak performance
  • Oversee the end-to-end inventory lifecycle, including transport coordination, inspection, reconditioning, and valuation for sale preparation
  • Strategically establish and adjust vehicle floor prices (minimum bids) by leveraging real-time market data to optimize net proceeds while maintaining a high inventory sell-through rate
  • Facilitate seamless communication with auction staff and management via AutoIMS, serving as the primary point of contact for service-related issue resolution
  • Collaborate with auctions to develop and execute targeted sale promotions and marketing strategies
  • Ensure compliance with all legal requirements, including preparation and transmission of legal notices and repossession documentation
  • Maintain financial accuracy by documenting vehicle values and sale results within the remarketing system
  • Validate and process vendor invoices, working proactively to resolve discrepancies before submission for payment
  • Monitor and report on KPIs, tracking auction adherence to guidelines, marketing effectiveness, and overall sale expenses
  • Key Requirements:
  • 2–3 years of experience working with vehicle auctions within the automotive industry required
  • Background in automotive remarketing, auction operations, or related field preferred
  • Demonstrate expertise in regulatory compliance, specifically regarding repossession laws and FDCPA requirements
  • Exhibit strong negotiation and probing skills, utilized in a professional manner to manage vendor relationships and maximize proceeds
  • Meticulous attention to detail for legal documentation and financial reporting
  • Effective time management with the ability to prioritize multi-channel tasks in a fast-paced environment
  • Proficiency in Microsoft Office and the ability to utilize web-based research tools and remarketing software (AutoIMS/Salesforce experience is a plus)
  • We believe:

    Diversity is a competitive advantage. We celebrate our differences, and are better when we have a variety of experiences, viewpoints, and backgrounds.

    Compassion is a strength. We care about our customers and look to build long-term relationships with them.

    Simplicity is a key feature. We work hard to make our forms and processes as painless and intuitive as possible.

    Honesty and transparency are non negotiable. We incorporate these traits in all of our interactions.

    Financial opportunity belongs to everyone. We work every day to improve lives by extending this opportunity.

    If you believe these things too then we would love to hear from you!
     

    A Note on Recruiting Outreach
    We’ve been made aware of individuals falsely claiming to represent Lendbuzz using lookalike email addresses (eg @lendbuzzcareers.com). Please note that all legitimate emails from our team come from @lendbuzz.com. We will never ask for sensitive information or conduct interviews via messaging apps.

    The leading car loan provider for expats and international students in the US. No credit score or SSN is required. Lendbuzz offers car financing at attractive terms and helps you build your U.S. credit history!

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    Salary
    $60,000 – $75,000 per year
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