Lendbuzz

Remarketing Associate (Auctions)

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Automotive, Financial Services, LendingIndustries

Requirements

Candidates must have at least 2 years of experience in a remarketing-related role at an auto lender, with additional experience in an automotive dealership or wholesaler environment being a plus. Strong organizational, time management, and problem-solving skills are essential, along with outstanding oral and written communication abilities and a commitment to excellence.

Responsibilities

The Remarketing Associate is responsible for managing Lendbuzz's vehicle remarketing processes with auction partners to maximize proceeds and minimize inventory turn time and residual value loss. This includes overseeing inventory, transportation, inspection processes, and pre-sale preparation. The role involves reviewing auction condition reports, approving or denying reconditioning, managing titles, updating system statuses, and fostering relationships with auction personnel and internal teams.

Skills

Vehicle remarketing
Auction management
Inventory management
Transportation oversight
Title management
Damage assessment
Reconditioning approvals
Loan lifecycle management
Communication skills
Organizational skills
Time management
Problem-solving

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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