Director, Audit and Asset Verification - Capital Operations

ACV•Atlanta, GA

About The Position

Who we are looking for: The Director of Asset Verification is responsible for designing, leading, and continuously strengthening the collateral verification and field audit function for a subprime-focused floorplan lender. This role ensures the existence, condition of financed inventory while mitigating fraud, loss exposure, and operational risk across a high-velocity, high-risk dealer portfolio. The ideal candidate brings deep experience in floorplan lending, subprime dealer risk, field audits, and asset controls, with a strong ability to scale teams, leverage technology, and partner cross-functionally with Account Management, Credit, Risk, Legal, Operations and Collections. What you will do: Own and oversee all asset verification activities, including physical audits, virtual verifications, GPS/telematics validation, and exception follow-ups. Ensure timely confirmation of vehicle existence, VIN accuracy, location, condition across the portfolio. Establish and enforce verification frequency standards based on dealer risk tiers, performance trends, and exposure levels. Monitor and investigate missing units, curtailment issues, title delays, and collateral discrepancies. Identify early warning signals of dealer fraud, double-financing, sold-out-of-trust (SOT) behavior, and misrepresentation. Partner with Credit and Risk to adjust verification cadence and controls for deteriorating or high-risk dealers. Lead asset-related investigations and coordinate recovery strategies with Collections and Legal. Support loss prevention efforts and post-mortem analyses following dealer defaults. Build, lead and collaborate with teams of regional managers, auditors, and third-party vendors. Set performance metrics, quality standards, and productivity benchmarks for internal and outsourced verification resources. Ensure consistent execution across geographies while adapting to local regulatory and market nuances. Drive automation and modernization of asset verification processes, including mobile tools, photo/video validation, AI-assisted review, and data integrations. Improve cycle times, accuracy, and exception resolution through process redesign and analytics. Own vendor selection and management for audit firms, GPS providers, and verification technology partners. Develop and maintain policies, procedures, and controls aligned with regulatory expectations and internal risk appetite. Produce executive-level reporting on audit results, exceptions, trends, and emerging risks. Ensure regular reporting on any audit violations including any audits outside ACV's defined audit guidelines. Ensure data and reporting accuracy on all assets reflected in the audit as well as reconciliation results at all times. Support internal audits, external exams, and due diligence requests from investors, warehouse lenders, and regulators. Perform additional duties as assigned.

Requirements

10+ years of experience in floorplan lending, asset verification, dealer audits, or collateral risk management.
Deep understanding of subprime dealer dynamics, including independent operators.
Excellent communication, negotiation, and decision-making abilities.
Bachelor’s degree in Business, Finance, or related field

Responsibilities

Own and oversee all asset verification activities, including physical audits, virtual verifications, GPS/telematics validation, and exception follow-ups.
Ensure timely confirmation of vehicle existence, VIN accuracy, location, condition across the portfolio.
Establish and enforce verification frequency standards based on dealer risk tiers, performance trends, and exposure levels.
Monitor and investigate missing units, curtailment issues, title delays, and collateral discrepancies.
Identify early warning signals of dealer fraud, double-financing, sold-out-of-trust (SOT) behavior, and misrepresentation.
Partner with Credit and Risk to adjust verification cadence and controls for deteriorating or high-risk dealers.
Lead asset-related investigations and coordinate recovery strategies with Collections and Legal.
Support loss prevention efforts and post-mortem analyses following dealer defaults.
Build, lead and collaborate with teams of regional managers, auditors, and third-party vendors.
Set performance metrics, quality standards, and productivity benchmarks for internal and outsourced verification resources.
Ensure consistent execution across geographies while adapting to local regulatory and market nuances.
Drive automation and modernization of asset verification processes, including mobile tools, photo/video validation, AI-assisted review, and data integrations.
Improve cycle times, accuracy, and exception resolution through process redesign and analytics.
Own vendor selection and management for audit firms, GPS providers, and verification technology partners.
Develop and maintain policies, procedures, and controls aligned with regulatory expectations and internal risk appetite.
Produce executive-level reporting on audit results, exceptions, trends, and emerging risks.
Ensure regular reporting on any audit violations including any audits outside ACV's defined audit guidelines.
Ensure data and reporting accuracy on all assets reflected in the audit as well as reconciliation results at all times.
Support internal audits, external exams, and due diligence requests from investors, warehouse lenders, and regulators.
Perform additional duties as assigned.