Lendbuzz

Impounds Supervisor

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Auto Lending, Financial ServicesIndustries

Impound Recovery Supervisor

Position Overview

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 seeking a leader to join the impound recovery team as a Supervisor at Lendbuzz. The ideal candidate will have auto lending experience, specifically relating to impounds and/or recovery of auto loan collateral.

Key Responsibilities

  • Facilitate the process of recovering impounded auto loan portfolio collateral
  • Proactively assess current processes and look for opportunities to improve
  • Maintain relationships with vendor partners used to conduct recovery of impounds
  • Coordinate recovery of seized vehicles, following State and Federal guidelines
  • Maintain and update written policies and job aides related to the recovery of collateral
  • Maintain effective communication with impounds associates, collections leadership and other internal departments
  • Handle escalated issues as they arise
  • Experience with negotiating impound fees and managing impound related costs
  • Manage team’s day-to-day operations, including but not limited to case work, reporting, systems, etc
  • Collaborate with other internal departments to ensure efficient handling of impounded collateral
  • Be able to work with the legal team (internal and external) to facilitate the process of recovering impounded collateral
  • Be a SME on local, state and federal regulations regarding vehicle recovery
  • Support management directives and initiatives as requested

Requirements

  • 2+ years of experience with recovering impounds
  • Two years plus of experience in auto lending
  • Comfortable owning complex initiatives requiring in-depth subject matter expertise
  • Excited by the idea of constant change. You are comfortable being uncomfortable
  • Able to maintain order in a fast and fascinating environment
  • Excited to take on new tasks as they come up and solve problems in real time
  • Enjoy finding creative solutions to unique problems as they arise

Employment Type

Full-Time

Salary

$68,000 - $73,000 a year

Company Information

At Lendbuzz, 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!

Skills

Impound recovery
Auto lending
Collateral recovery
Vendor management
State and Federal guidelines
Negotiating impound fees
Regulatory compliance
Team management
Process improvement
Legal team collaboration

Lendbuzz

Provides auto loans for international students

About Lendbuzz

Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may struggle to secure financing through traditional lenders. The company uses advanced data analytics and machine learning to evaluate the creditworthiness of borrowers, focusing on a wider range of financial and personal data rather than just credit scores. This approach allows Lendbuzz to cater to a niche market that is often overlooked by conventional financial institutions. Borrowers can apply for loans online, verify their information easily, and sign documents digitally, making the process user-friendly. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The goal of Lendbuzz is to make auto financing more accessible to those who typically face challenges in obtaining loans.

Boston, MassachusettsHeadquarters
2015Year Founded
$246.1MTotal Funding
LENDING_CAPITALCompany Stage
Automotive & Transportation, FintechIndustries
201-500Employees

Benefits

Dental & health insurance
401(k)
Company outings
Fitness center
Unlimited PTO
Stocked kitchen
Company issued hardware
Cool swag
Flexible working hours

Risks

Increased competition from similar fintech companies could erode Lendbuzz's market share.
Potential regulatory scrutiny on AI models may increase compliance costs.
Economic downturns could impact demand for auto loans, affecting Lendbuzz's revenue.

Differentiation

Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.
The company targets international students and immigrants, a niche underserved by traditional lenders.
Lendbuzz partners with auto dealerships to offer seamless financing solutions.

Upsides

Lendbuzz secured $100M from Japan's largest bank, enhancing its financial stability.
The U.S. auto loan market growth benefits Lendbuzz's specialized services.
Increased adoption of digital lending aligns with Lendbuzz's user-friendly application process.

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