9002 - Carmax Auto Finance - 225 Chastain Meadows Ct NW, Kennesaw, Georgia, 30144
Chief Credit Officer (CCO)/Vice President
CarMax Auto Finance, Kennesaw, GA
Lead the Credit Risk Strategy and Analytics for a Major Finance Company
The Chief Credit Officer oversees the Risk, Data Science, and Servicing Analytics teams at CarMax Auto Finance (CAF), a division of CarMax Inc. This role is responsible for the analytical functions that guide how CarMax strategically operates with third-party lenders and manages vehicle protection products including extended service plans, GAP coverage, and auto insurance. The CCO is a member of the CarMax Auto Finance executive leadership team and is expected to partner with other senior executives within the broader CarMax organization to set the primary strategic direction for the Auto Finance division and to support and influence the incorporation of finance in other areas of the business such as Product, Operations, and Margins.
What you will do:
- Formulate and implement sound Origination strategies to provide credit to CarMax customers and continuously improve the CAF credit offering.
- Provide senior-level direction for the development of Portfolio Management and Collections strategies to deliver on budgeted profitability goals and key performance metrics of CAF’s $18 Billion portfolio.
- Partner with Financial Services & Products teams to optimize the broader CarMax Lending platform, incorporating both CAF and partner lenders.
- Support the CarMax Treasury team in the funding and Securitization process, working with Rating Agencies, outside equity and debt investors, and investment banks.
- Provide Auto Finance leadership and guidance to Product and Marketing Teams in the effective identification and incorporation of finance into CarMax product offerings.
- Establish and maintain industry partnerships to gain knowledge of trends and develop strategies to leverage where necessary.
- Drive the strategic planning process for CAF and CarMax regarding project prioritization, costs, benefits, and risks.
- Develop and maintain a Talent Management and Organizational framework to support the operational and strategic needs of the business.
Qualifications and Requirements
- Bachelor’s Degree in mathematics, statistics, finance, economics, or a related field; Master’s Degree or MBA strongly recommended.
- 15+ years of proven risk management experience across multiple functional areas or products. Strong knowledge of financial services preferred.
- 10+ years in a management role leading a sizable team with the ability to inspire and meet broad business goals.
Work Location and Arrangement: This role will be based out of the Kennesaw, GA Office and has a Hybrid work arrangement.
Work Authorization: Applicants must be currently authorized to work in the United States on a full-time basis.
About CarMax
CarMax disrupted the auto industry by delivering the honest, transparent, and high-integrity experience customers want and deserve. This innovative thinking has helped us become the nation’s largest retailer of used cars, with over 200 locations nationwide.
Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For.
CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.
Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.
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