Portfolio Manager – Inventory Finance

We will consider candidates near our Norwalk Ct, and Flower Mound TX offices.

Mitsubishi HC Capital America, Inc. is a diversified specialty finance company providing commercial financing to businesses across the United States and Canada through its subsidiary Mitsubishi HC Capital Canada. We offer a variety of financing solutions with a focus on:

  • Commercial transportation financing, including leases and loans
  • Trade financing
  • Funding and portfolio services
  • Structured, vendor, and technology financing
  • Asset-based lending

We aim to deliver solutions that increase social, environmental, and economic value for our customers and communities and foster collaborative and supportive work environments.

Portfolio Manager – Inventory Finance

The Portfolio Manager is responsible for managing a portfolio of commercial floorplan dealers and vendor partners across truck, trailer, construction, and specialty vehicle segments supporting the Inventory Finance portfolio of dealers located in Canada. The Portfolio Manager will consistently deliver exceptional service levels while concurrently ensuring robust portfolio control. The role is keenly focused on the areas of risk mitigation and collections, as well as acting as a front-facing representative of the company. The Portfolio Manager will lead coordination of the inventory inspection (floorplan audit) function and be the primary contact with the field auditors, including review and analysis of results and irregularities. The Portfolio Manager will spearhead the collection of all dealer accounts including principal, interest, curtailments, and maturities.

Essential Duties and Responsibilities:

  • Provide exceptional customer service to dealer and manufacturer partners. Interface as necessary to resolve operational issues or concerns and provide support for various inquiries. Collaborate and effectively communicate with Mitsubishi staff members across USA and Canada as needed.
  • Interact with dealers & manufacturers via phone and email to handle all aspects of account management and customer service.
  • Act as the primary contact for the ongoing inventory inspection process performed by a given audit provider. Lead reconciliation of inspection results with dealers, identify areas of concern, and ensure the Wholesale system accurately reflects collateral status and that collection notes are up to date. Communicate with audit providers as necessary to address special requests and service-related concerns.
  • Lead collection activity and portfolio management with consistent operational cadence. Initiate contact with delinquent dealers with appropriate frequency to resolve issues and secure payments. Identify and escalate problematic situations as they arise, communicating frequently with the Funding & Operations Manager and the Risk Department
  • Leverage the Wholesale system to fully document all dealer related activities, conversations, and correspondence in a timely manner.
  • Obtain and forward all necessary documents for requests to modify curtailments and maturities to the Credit team.
  • Collaborate closely with the Funding & Operations Manager to meet or exceed monthly portfolio KPI’s. including, Total SAU (1.75% or less), Aged SAU/30+ days (1.00% or less), Current Interest Collections (95% or higher), Past Due Curtailments (2% or less). This high level of communication will serve to proactively mitigate risk while identifying potential problems and to communicate regularly regarding portfolio control issues and non-performing dealers.
  • Coordinate with Funding & Operations Manager on escalated and sensitive collection activity including demand and default notices, repossessions, and commencement of legal action if necessary.
  • Participate in company training as required and assist with training new members of the Inventory Finance team.
  • Serve as Lead contact on key Vendor / Portfolio program relationships.
  • Prepare designated reports on managed program and portfolio relationships.
  • Contribute to the creation of policy and procedures for the IF teams in the US and Canada
  • Play an active role in streamlining and maximizing processes efficiencies, automating routine processes wherever possible.
  • Assist / back-up Manager on Portfolio Management duties as needed.
  • Perform other job duties as required.

Education and Experience:

  • Bachelor’s degree or equivalent experience required.
  • Minimum 3-5 years of Commercial Dealer Collection or Portfolio Management experience in Inventory Finance (floorplan)
  • Experience reconciling Audit / Floorchecks and completing rental verifications with dealers and rental houses.
  • the construction, material handling and other industries a plus
  • Bilingual in English and French a plus to manage dealer relationships across USA and all provinces in Canada.
  • Knowledge of various floorplan operating systems, valuation guides, reporting tools and credit / financial statement analysis a plus
  • Must have excellent customer service skills, self-motivational skills, self-confidence, and a positive attitude.

Candidates should apply directly on our career website and identify “Monitordaily” as the place where you discovered this job posting.

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.