As the Managing Director, Dealer Lender Solutions (NextGear Capital) & Risk, Ray Ramotar manages a team that provides automotive dealers with lending solutions and tools, seamlessly integrated across Cox Automotive’s brands, to support their inventory needs and help them maximize profitability and grow their business. With a focus on providing expert dealer interactions with special attention to speed and efficiency, Ray’s team and the NextGear portal enable dealers to transact without delay and manage their inventory in real time, 24 hours a day, 7 days a week. On the risk management front, Ray is responsible for commercial underwriting, account recoveries, and all of the risk mitigation procedures in between, with a goal of maintaining a well-balanced portfolio that supports both the growth of the business and our dealers.
Ray joined the Cox Automotive Canada in 2021 and brings more than 20 years of experience in Automotive Financial Services and in-depth expertise in all areas of indirect lending, risk management, operational efficiency, product management, training and development and credit strategy. Ray has a proven history of building engaged and efficient teams that invite innovation and thrive through change. He has also been recognized as an influential change leader who builds consensus with business partners and diverse stakeholders to launch innovative models, programs, and initiatives. As a strategic problem-solver he has been recognized for his ability to identify needs and assess potential to then establish lasting solutions that align with performance and long-term objectives.
Prior to joining Cox Automotive, Ray held several positions within TD Auto Finance and BMO Auto Finance. He holds a Bachelor of Arts from Wilfrid Laurier University and sits as an active Member of the Board for the Canadian Lending Association.