Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The Floorplan Vehicle Inspection Manager is responsible for leading and managing a team of field-based vehicle inspectors responsible for the physical verification of floorplan-financed vehicle inventory across dealer networks. The role is focused on protecting the bank's asset-based lending portfolio by ensuring financed vehicles are accurately identified, accounted for, and compliant with floorplan funding agreements and the relevant security.Job Description
Key Responsibilities
Inspection Team Leadership
- Lead, manage, and motivate a team of field-based vehicle inspectors.
- Establish inspection schedules and ensure effective regional coverage.
- Monitor inspector productivity, quality, and adherence to service level agreements.
- Conduct regular performance reviews and field audits.
- Develop inspection skills, risk awareness, and fraud detection capabilities within the team.
- Ensure inspectors maintain high standards of professionalism, accuracy, and integrity.
Floorplan Asset Verification
- Oversee the physical verification of all floorplan-funded vehicles.
- Ensure accurate validation of VIN numbers, engine numbers, registration details, stock numbers, and vehicle condition.
- Verify that vehicles funded by the bank are physically present at approved locations.
- Investigate missing, substituted, damaged, sold, or unreconciled stock.
- Ensure inspection reports accurately reflect inventory status and identified risks.
- Monitor dealer compliance with floorplan funding and stock control requirements.
Risk Management and Loss Prevention
- Identify and mitigate risks associated with floorplan-financed stock.
- Detect potential fraud, misrepresentation of assets, duplicate financing, and inventory manipulation.
- Drive proactive risk management initiatives to reduce portfolio losses.
- Escalate significant inventory variances and risk exposures to senior management.
- Monitor high-risk dealer portfolios and implement enhanced inspection controls where required.
- Ensure immediate action is taken when funded assets cannot be verified.
Collections and Recoveries Support
- Partner closely with Collections, Recoveries, Credit Risk, and Legal teams.
- Utilize collections and recoveries expertise to assess and mitigate collateral risk.
- Support dealer default management processes through accurate asset verification.
- Assist with vehicle tracing, recovery planning, repossession activities, and collateral realization strategies.
- Provide intelligence and asset visibility to support recovery efforts.
- Identify early warning signs of dealer distress and potential financial deterioration.
- Recommend interventions to reduce potential losses and maximize recoveries.
Stakeholder Management
- Build strong relationships with dealerships, dealer principals, inventory managers, and OEM representatives.
- Liaise with internal departments including Credit, Risk, Collections, Recoveries, Compliance, and Audit.
- Present inspection findings and risk assessments to senior stakeholders.
- Resolve operational issues impacting inspection activities and collateral management.
Governance, Compliance, and Audit
- Ensure adherence to bank policies, procedures, and risk frameworks.
- Maintain complete and accurate inspection records and audit trails.
- Support internal and external audits relating to floorplan facilities.
- Ensure compliance with all regulatory and governance requirements.
- Drive a culture of control, accountability, and operational excellence.
Reporting and Analytics
- Produce management reports on dealer inventory, inspection performance, and risk exposures.
- Analyze trends relating to stock shortages, aging inventory, dealer performance, and fraud incidents.
- Develop dashboards and reporting metrics to support decision-making.
- Provide recommendations to improve controls and reduce operational risk.
Driving Automation
- Geolock Automation and Change Leadership
- System Improvement, Escalation and Resolution Management
- Driving Operational Excellence Through Automation and Control
- Technology Enablement, Issue Escalation and Resolution
- Automation, Continuous Improvement and System Stability
- Geolock Adoption, System Governance and Issue Resolution
- Leading Change, Automation and Operational Resilience
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised