RV Manager – Commercial Vehicles

Company: BYD Europe

Location: Milan, Italy

Type of Employment: Full-time

Salary: €65,000–€75,000 gross annual salary (RAL) CCNL Metalmeccanico

About BYD

Our Purpose is to build a zero-emission future that reconnects humanity with nature. We are looking for talent that connects with this mission and wants to create a positive impact by joining a diverse and dynamic team.

BYD is a leading high-tech multinational company based in Shenzhen, China. It operates in four core fields: IT, automotive, new energy, and rail transit, and employs over 300,000 people worldwide. As a global pioneer in New Energy Solutions, BYD is dedicated to building a zero-emission ecosystem.

BYD Europe BV is located in Hoofddorp, Netherlands. BYD Europe BV offers a full line of BYD electric vehicles, including all-electric cars, all-electric buses, and all-electric forklift trucks.

About the Role

The RV Manager is responsible for developing, monitoring and controlling residual values across BYD's financing and leasing activities in Europe. The role ensures that lease pricing, asset assumptions, and portfolio growth are supported by a robust residual value framework, governance and risk controls.

The position is particularly focused on managing RV associated with emerging technologies, including battery-electric heavy trucks, buses and light commercial vehicles, while supporting profitable growth of captive finance and leasing programmes.

Key Responsibilities

Residual Value Strategy & Governance (30%)

• Develop and maintain RV policies, methodologies and risk frameworks.

• Lead Residual Value Committees and key RV workstreams.

• Establish RV setting processes and approval authorities.

• Ensure compliance with internal risk appetite and governance requirements.

• Produce regular reporting for senior management and risk committees.

• Establish and maintain relationships with the relevant Trade Guides, including vehicle tests when and where relevant.

Residual Value Forecasting (30%)

• Determine residual value forecasts for heavy electric trucks, electric buses and coaches, and electric vans.

• Assess factors affecting used electric commercial vehicle values.

• Develop assumptions regarding battery health and second-life applications.

• Work closely with engineering and aftersales teams to understand product durability and lifecycle performance.

Portfolio Risk Management (20%)

• Monitor RV exposure across all financed and leased assets.

• Identify concentration risks by:

  • Product

  • Technology

  • Customer segment

  • Geography

  • Contract maturity

• Recommend mitigating actions when exposures exceed approved limits.

• Support portfolio provisioning and expected loss calculations.

Remarketing & End-of-Life Management (20%)

• Work with remarketing teams to maximise vehicle disposal proceeds.

• Identify channels for used vehicle sales across Europe.

• Monitor realised versus forecast residual values.

• Drive continuous improvement based on realised asset performance.

Required Qualifications & Experience

• Strong understanding of electric commercial vehicle markets in Europe.

• Proven experience managing RVs for a large organisation.

• Proven experience using data to support pricing and risk decisions.

• Bachelor's degree in Finance, Economics, Business, Engineering or related field.

• 10 years of experience in one or more of the following areas:

  • Residual value management

  • Asset risk

  • Commercial vehicle leasing

  • Automotive finance

  • Fleet management

  • Remarketing

Preferred Qualifications & Experience

• Experience within an OEM captive finance organisation, leasing company, bank or truck manufacturer.

• Familiarity with lease portfolio management and risk governance frameworks.

• Advanced Excel, Power BI and data analytics capabilities.

• Experience working in cross-functional and international team environments.

• Proficiency in a European language.

We Offer

• Competitive remuneration based on performance and experience: €65,000–€75,000 gross annual salary (RAL).

• Opportunities for department and company-wide team-building events.

• A chance to contribute to the transition towards zero-emission transportation and the decarbonization of the economy.

Location: Italy – Milan

Type of Employment: Full-time