Field Inventory Auditor, NextGear Capital (MA, CT, and RI Territory)

Cox Enterprises•Remote-Massachusetts-110, MA

2d•$61,200 - $91,800•Remote

About The Position

The Field Inventory Auditor is responsible for conducting and delivering physical audit and results for NextGear Capital’s Risk organization while supporting the client-facing Operations team members who manage NextGear Capital’s portfolio of dealer accounts. This position requires a curious and composed professional who demonstrates the ability to deliver exceptional customer service while assessing the risk of a client’s business health by conducting physical and financial audits. A strong ability to assess risk through the understanding of sales documentation, physical inventory audit results, and identifying concerning behaviors of the dealership staff. The Field Inventory Auditor I is responsible for delivering these results in written, visual, and sometimes verbal form to Operations, Risk, and Senior Leadership. They often interact with our clients to resolve outstanding audit items such as missing financial information, missing inventory. Preference will be given to candidates residing in Central or Southern Massachusetts, Connecticut, or Rhode Island, as these locations are the most centrally positioned within the territory and would best support the travel requirements of the role.

Requirements

Bachelor’s degree in Finance, Business Administration, or related field and up to 2 years of related work experience. The right candidate could also have a different combination, such as 4 years’ experience in a related field without a degree.
Proficiency with MS Office (Word, Excel, PowerPoint, Outlook).
Must be able and willing to travel Regional on short notice 75% of the time.
Extensive driving - must have valid driver’s license.

Nice To Haves

3+ years auto industry-related experience.
1-2 years audit/inspection experience preferred.

Responsibilities

Once on-site, quickly establish rapport with dealers in effort to achieve a comprehensive risk assessment. Assessment may require visits to multiple dealer locations, auctions, repair shops, etc.
Investigate, observe, and document dealership processes and practices and identify risks.
Inspect collateral through lot and title audits and determine dealers’ equity and business health for underwriting purposes.
Verify inventory in market share conversion of $500,000+ to mitigate risk while growing the NextGear Capital portfolio.
Present a summary of findings to the dealer and take appropriate next steps such as re-educating dealers on contract requirements, reviewing inventory trends, collecting payments, and obtaining additional documentation as needed.
Assist Recovery team with repossessions by collecting the collateral keys from the dealer, securing the collateral inventory, arranging the transportation of collateral to auction, and monitoring daily funding receivables from the dealership. Repo audit, location audit.