Inventory Manager

1 month ago

Norwalk, United States Mitsubishi HC Capital America Inc Full time
Job DescriptionJob Description

We will consider candidates near our Norwalk Ct office or possibly remote.


Position Overview:

Primary job functions:

  • Support Mitsubishi HC Capital America, Inc., (MHCA), Asset Management Department’s day-to-day functions by monitoring all Notice of Sales, work directly with MHCA’s external Dealer Network and vendors for inspection reports on inventoried assets, coordinate inspections, estimates and completion of repairs of MHCA’s distressed assets using vendors, MHCA’s dealer network, and Regional Sales Managers.
  • Maintain MHCA’s website and sales avenues of off-lease and repossessed inventory, complete monthly reporting and support/maintain adequate internal controls within the asset management function.
  • Responsible for coordinating, developing, implementing, soliciting end users, wholesales and unsigned MHCA automotive dealers while improving effective remarketing for more exposure to sell MHCA’s repossessed inventoried assets to new and existing buyers.
  • Provide used truck evaluations and storage locations for retail credit, collections, and wholesale departments.
  • Assist Associate Director and team members with new project initiatives by providing recommendations, participate with testing and implementation.
  • Ensure process and procedural manuals are regularly updated and remain current

Commitment to Internal Control:

The incumbent accepts the responsibility for establishing and maintaining the internal control system associated with the essential duties and responsibilities of the functional areas that the incumbent manages.

Essential Duties and Responsibilities, include but not limited to:

(List in order of time spent)

Remarketing:

  • Collaborate with MHCA’s Management to develop and implement new processes, sales avenues, vendor relationships, and strategies to improve remarketing efficiency and increase sales that can be used as a remarketing service provider for MHCA’s other lenders / businesses.
  • Manage the efforts to promote, market and effectively sell any used, repossessed or off lease vehicles upon MHCA’s taking possession. The management of these vehicles can include direct sales to dealers, retail, auctions, or other potential buyers. Confirm and identify buyers as “end users” or “dealers” by obtaining licenses and resale certificates, or by charging the applicable sales tax. Return calls and emails regarding asset inquiries from various means of MHCA’s advertising such as: corporate website, machinery trader, truck paper, email/fax blasts, direct mailings, and the newly created sales avenues. Perform follow up for photos, condition reports and reconditioning estimates adhering to a 2-week deadline from inventory date and ensuring completeness and accuracy. Update the MHCA’s Asset Management inventory website with the condition reports and pictures obtained. Perform ongoing maintenance to the site to ensure that the information is current and accurate.
  • Reconditioning of inventory units: Search and shop for used/remanufactured parts and economical transportation methods. Communicate with manufacturer to verify (if any) remaining warranty on late model year assets. Once authorized repairs are completed, request and follow up to obtain updated photos and a revised condition report. If necessary, refer to executed dealer remarketing agreement to ensure discounted parts/labor pricing on repairs and reconditioning are being executed to MHCA’s policies. Prepare and submit reconditioning, transportation, or remarketing invoices for payment.
  • Check/follow up on notice of sale duration and expiration (10, 15, 20, N/A days) and bankruptcies. Work closely with the Collection/Secondary Recovery departments.
  • Check persistently on administrative duties and balance sales/fees associated with the disposition of inventoried assets to maintain an overall acceptable recovery percentage adhering to MHCA’s mandated goals with respect to recovery on sales (>65% of Net Investment) and inventory turnover (

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