Inventory Finance Account Manager

Category:

Accounting

Employment Type:

Direct Hire

Reference:

BH-384122

Inventory Finance Account Manager
needed for a direct hire opportunity with Yoh's client located in Houston, Texas.

Job Details

Type: Direct Hire
Location: Houston, TX, 77095 (Must live within 50 miles)
Schedule: 1-2 days a week in the office (The role is mostly remote)
Salary: $77,925.00 Annually (Max)
Bonus:
Up to 15%

Position Overview

• The Inventory Finance Account Manager oversees and manages the company Finance USA inventory finance portfolio for dealer accounts within a designated territory.
• Focused on effective communication with dealers and vendor partners, minimizing risks related to dealer delinquency and unpaid assets, and problem-solving with current processes and procedures
• This role involves actively monitoring risks, such as dealer delinquency and unpaid equipment, and ensuring timely resolution to minimize risk costs while maintaining positive relationships with dealers.
• Adherence to policies and procedures, operational control, compliance with external regulations, monitoring field audits, individual and team performance, and reporting are essential aspects of this role.
• The Inventory Finance Account Manager serves as the primary liaison between company Finance USA (lender), dealers, and (vendor partner) for operational matters related to inventory financing.

• Customer Service
• Account Management (keep track of tractors on the lot)
• Firm control of financing/ leases/ audit. Make sure the company gets paid
• Maintain insurance coverage.
• Identify red flags, missing tractors etc.
• 350 dealers in the area. 500K to 5 M in sales
• Manage the inventory financing relationship with dealer accounts in the assigned territory.
• Monitor and identify potential risks, such as dealer delinquency, unpaid assets, and assets at risk.
• Communicate risk signals to all internal stakeholders.
• Initiate immediate remedial actions to minimize risk costs and ensure timely resolution of dealer delinquency, Sold-and-Unpaid (SAU), and Sold-Out-Trust (SOT) situations.
• Collect outstanding interests, partial payments, and accounts, providing early warnings of potential problem dealer accounts to relevant stakeholders in accordance with internal policies and procedures.
• Ensure field audits are completed, documented, and reviewed promptly.
• Collaborate with Collections & Recovery, providing management with case updates and accurate, concise details of debt and legal documentation as required by policies and procedures.
• Ensure timely and accurate reporting.
• Handle all day-to-day questions and requests from dealers and vendor partners related to inventory finance.
• Monitor dealer satisfaction, document feedback, and pass it on to appropriate departments.
• Identify recurring issues regarding processes, procedures, documents, and tooling.
• Propose feasible ideas for process improvement and implement these improvements.
• Interact effectively with dealers and vendor partners.

• Bachelor's degree.
• Seeking a background in "Debt Collection"
• 1-3 years related experience.
• Ideal combo of leasing knowledge, inventory and finance.
• Good knowledge of debt collection, recovery, adherence to processes and inspection.
• Basic knowledge of accounting.

• Jr Level candidates can be a fit. 1-3 years of experience
• Not looking for candidates in the medical or trucking industries.