Manager, Debt Sale

What’s Under the Hood

DriveTime Family of Brands includes in-house financing and servicing through Bridgecrest, which is one of the country’s leading financial servicing providers. Bridgecrest services roughly $25+ billion in finance receivables for DriveTime and other third parties. We service auto loans across a wide credit spectrum with the intent of creating a strong path to vehicle ownership for our customers.

That’s Nice, But What’s the Job?

Responsibilities of the Job (Or Better Known as, Your Next Destination)

This position is responsible for managing the end-to-end debt sale process for deficiency, bankruptcy, and other applicable account sales, from sale setup through post-closing. This includes coordinating with the Consultant, Buyers, and internal Bridgecrest stakeholders (Treasury, Accounting, Analytics, IT, Legal, Compliance, and Product) to ensure compliance, data accuracy, and timely execution. This role serves as the primary point of contact for the transaction process and coordination across the cross functional team supporting the project management marketing and due diligence through bid, close, and post-sale reconciliation.

• Participate, coordinate, and oversee the end-to-end debt sale lifecycle (Sale Setup, Marketing & Announcement, Due Diligence, Bid & Closing, and Post-Closing), leading kickoff calls and aligning internal stakeholders across Operations, Treasury, Accounting, Analytics, IT, Legal, and Compliance.
• Coordinates with the Consultant on sale calendar, data requests, seller questionnaires, and marketing materials.
• Partners with Analytics to provide account data and transaction history files, as well as finalize cutoff data and sale population, and IT for vendor FTP and distribution of sale notices and account media.
• Leads bidder due diligence, ensuring required documentation (NDA, SOC report, diligence questionnaire) is complete, and oversees the execution of the Loan Sale Agreement and makes recommendations for selection based on this data.
• Monitors ongoing buyer requests and post-close activities (repurchase, media, affidavits, remittance), ensuring approvals are documented per recordkeeping and audit requirements, and communicates upcoming sales to internal teams and vendors.
• Identifies and recommends process improvements to increase efficiency, accuracy, and compliance across the debt sale process.
• Provides proactive leadership to the team to achieve maximum performance, continued individual development and succession planning across the department.

Knowledge, Skills and Abilities (The Good Stuff) 

• Debt sale process expertise. Solid understanding of debt sale transactions, including data and media requirements, loan sale agreements, and post-sale handling.
• Excellent verbal and written communication skills. The ability to talk and write with confidence, charisma, and competence for a wide variety of audiences, including management, buyers, and outside consultants.
• Strong attention to detail. Capable of managing sensitive account data, contractual terms, and regulatory requirements with a high degree of accuracy.
• Fantastic problem solver. Your job is not only to find the problem, but more importantly, find the solution across complex, multi-party transactions.
• Self-driven yet selfless. We need someone capable of managing their own time and business, yet capable of making decisions for the betterment of DriveTime - not just themselves.
• Plays well with others. You will be working across a high-functioning, cross-functional team environment. We work together in order to win together.
• Management material. We are looking for someone that can lead, manage, and grow within our organization.

Requirements (a.k.a. What You Need to Get the Job Done)

• High School Degree Required. Bachelor's Degree preferred.
• 3+ years of experience in debt sale, loss mitigation, collections, or recovery operations, including 1+ years in a management or project leadership capacity.
• Knowledge of the Fair Debt Collection Practices Act (FDCPA) and other applicable debt sale compliance requirements are a plus.
• Required to work a flexible schedule as needed to meet transaction deadlines, along with potential travel.

Physical Demands

The Physical demands described within are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Must be able to remain in a stationary position at least 75% of the time
• Occasionally move about inside the office to access file cabinets, office machinery, etc.
• Requires visual acuity and manual dexterity to constantly operate a computer and other office productivity machinery, such as a calculator, copy machine, and printer
• Frequently communicate with internal and external customers. Must be able to exchange accurate information in these situations
• This position could require moving objects up to 20 pounds

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.

So What About the Perks? Perks matter

• Medical, dental, and vision, oh my! DriveTime Family of Brands covers a sizable amount of insurance premiums to ensure our employees receive top-tier healthcare coverage. 
• But Wait, There’s More. 401(K), Company paid life insurance policy, short and long-term disability coverage to name a few.
• Growth Opportunities. You grow, I grow, we all grow!  But seriously, DriveTime Family of Brands is committed to providing its employees with every opportunity to grow professionally with roughly over 1,000 employees promoted year over year.
• Tuition Reimbursement. We’re as passionate about your professional development as you are. With that, we’ll put our money where our mouth is.
• Wellness Program. Health is wealth! This program includes self-guided coaching and journeys, cash incentives and discounts on your medical premiums through engaging in fun activities!
• Gratitude is Green.  We offer competitive pay across the organization, because, well… money matters!

• Game Room. Gimme a break – no, not a Kit Kat ad but we do have a ping-pong table, a pool table and other games if you ever need a break in your day.
• In-House Gym. We want our employees to be the best versions of themselves. So come early, take a break in your day, or finish strong with a workout!
• Enjoy Social Events? Bring it on. Rally with your team for festive gatherings, team competitions or just to hang out! 
• We Care and Value YOU! Feel the love and let us treat you to company outings, personal rewards, amazing prizes & much more! 

• Paid Time Off. Not just lip service: we work hard, to play hard!  Paid time off includes (for all full-time roles) wellness days, holidays, and good ole' fashioned YOU time!  For our Part-timers, don't fear you get some time too...vacation time is available - the more you work, the more you earn!

Anything Else?  Absolutely.

DriveTime Family of Brands is Great Place to Work Certified! And get this: 90% of our rockstar employees say they feel right at home here.  We could spend a lot of time having you read about ALL our awards, but we’ll save time (and practice some humility) just naming a few others; Comparably Awards: Best Company for Diversity, Best Company Culture and Best Company Leadership, oh and don’t forget Phoenix Business Journal Healthiest Employers (okay, we’ll stop there)!

Hiring is contingent upon successful completion of our background and drug screening process. DriveTime is a drug-free, tobacco-free workplace and an Equal Opportunity Employer.

And when it comes to hiring, we don't just look for the right person for the job, we seek out the right person for DriveTime. Buckle up for plenty of opportunities to grow in a professional, fun, and high-energy environment!