- Department / Function Dealer Funding
- Location Guildford
- Number of roles available 1
- Salary £26,000 to £28,000
- Closing Date 25/10/2019
***Must live within territory***
Dealer Funding is a key end to end support function within MotoNovo Finance. Within a team of 17 including Officers, Analysts and Auditors; the team manages, administers and controls a portfolio of well over 400 funded dealers (around 1 in 6 of those dealer that support us) within which there are around 350 with APAK used inventory stock funding for which a core 80%+ of the departmental time is spent. Dealer funding is vital in as much as it is from funded dealers that MotoNovo receives 40-45% of its rolling annual new business, therefore it is naturally in the interest of the company to grow the portfolio of funded dealers and, because it is title secured and interest bearing, we actively look to promote APAK as very much our preferred form of dealer funding. A vital part of the process is to ensure that what is intended as a form of title based lending is just that, hence the audits undertaken to validate the vehicles that represent security for our lending and this extends not simply to touching metal on site but validating the title and ownership of the vehicles as well as the accuracy and timing of loadings and settlements in respect of sold vehicles.
What will you be doing?
- Plan a schedule of audit visits, ensuring that visits are undertaken regularly and as required, but not at predictable intervals
- Undertake thorough audits on MNF funded dealers
- Identify and investigate anomalies and draw relevant conclusions. On completion of each audit visit, submit a report to R&TSM making appropriate recommendations for management of accounts
- Identify dealer training needs for MNF dealer-funded products and services, ensuring that dealers are aware of the relevant policies and procedures. Inform relevant colleagues as appropriate to ensure that the required level of knowledge and understanding is established and maintained across the funded-dealer network
What will you need?
- Strong inter-personal skills and confidence
- To be able to handle difficult conversations
- Excellent reporting skills
- Attention to detail
- Excellent time management and planning skills
Life in the team
The role of an auditor entails auditing up to circa 50 funded dealers the frequency of which will be determined by our internal assessment of dealer risk twinned with the experience at audit, with frequencies ranging from 2 to 8 weekly but typically 4-5 weekly. Therefore, there is a need to manage time effectively factoring in travel time, clustering of dealers, and the audits required to be undertaken within the auditing schedule set.
The results of audits are fed back via the VAS software employed, and reviewed by Officers who will feed back to dealers any anomalies that will have been identified and flagged at audit by the auditor as part of the audit de-brief. Audit experience will also have a bearing upon our funding appetite in terms of limit and terms as this will fee in to behaviour grading which along with risk grades helps us to segment our portfolio between the good, the indifferent and the bad.
Each of the 3 teams is headed by a manager and periodically (up to 3 times per annum) we will all meet up in HO for team meetings and ensure this includes a social gathering where possible.
The audit manager will on rotation spend time with each auditor to train, observe and maintain a regular contact and ensure timely feedback is given.
Territory: South East of England
Role benefits: company car, laptop, mobile phone.
There is also our very competitive benefits package which can be explored further on our 'Working Here' page.
What does the process look like?
If successful at application stage you will be invited to complete a telephone interview with a member of our Hiring Manager. This is a great opportunity for you to ask us any questions you have regarding the role, the company or the process! Following the telephone interview, if successful, we would look to invite you along to a 1st stage interview with the Dealer Funding Manager here in Cardiff.
If you have any questions on the above, please drop us an email or give us a call!
We welcome applications from all suitably qualified candidates as we know that Diversity & Inclusion is integral to the success of the company and we are striving to build a company where everyone feels welcome and valued and where differences are embraced.
Please be aware that we reserve the right to close this vacancy early should sufficient applications be received.
Please be aware that you will be required to provide proof of right to work in the UK should you be successful in joining us.
We do not accept speculative agency CVs. Any CV received will be treated as a gift and not eligible for an agency fee. PSL agencies should only send CVs if authorised to do so by the Recruitment team.