Careers

Who we are looking for:

The Director of Asset Verification is responsible for designing, leading, and continuously strengthening the collateral verification and field audit function for a subprime-focused floorplan lender. This role ensures the existence, condition of financed inventory while mitigating fraud, loss exposure, and operational risk across a high-velocity, high-risk dealer portfolio.

The ideal candidate brings deep experience in floorplan lending, subprime dealer risk, field audits, and asset controls, with a strong ability to scale teams, leverage technology, and partner cross-functionally with Account Management, Credit, Risk, Legal, Operations and Collections.

What you will do:

• Own and oversee all asset verification activities, including physical audits, virtual verifications, GPS/telematics validation, and exception follow-ups.
• Ensure timely confirmation of vehicle existence, VIN accuracy, location, condition across the portfolio.
• Establish and enforce verification frequency standards based on dealer risk tiers, performance trends, and exposure levels.
• Monitor and investigate missing units, curtailment issues, title delays, and collateral discrepancies.
• Identify early warning signals of dealer fraud, double-financing, sold-out-of-trust (SOT) behavior, and misrepresentation.
• Partner with Credit and Risk to adjust verification cadence and controls for deteriorating or high-risk dealers.
• Lead asset-related investigations and coordinate recovery strategies with Collections and Legal.
• Support loss prevention efforts and post-mortem analyses following dealer defaults.
• Build, lead and collaborate with teams of regional managers, auditors, and third-party vendors.
• Set performance metrics, quality standards, and productivity benchmarks for internal and outsourced verification resources.
• Ensure consistent execution across geographies while adapting to local regulatory and market nuances.
• Drive automation and modernization of asset verification processes, including mobile tools, photo/video validation, AI-assisted review, and data integrations.
• Improve cycle times, accuracy, and exception resolution through process redesign and analytics.
• Own vendor selection and management for audit firms, GPS providers, and verification technology partners.
• Develop and maintain policies, procedures, and controls aligned with regulatory expectations and internal risk appetite.
• Produce executive-level reporting on audit results, exceptions, trends, and emerging risks.
• Ensure regular reporting on any audit violations including any audits outside ACV's defined audit guidelines.
• Ensure data and reporting accuracy on all assets reflected in the audit as well as reconciliation results at all times.
• Support internal audits, external exams, and due diligence requests from investors, warehouse lenders, and regulators.
• Perform additional duties as assigned.

What you will need:

• 10+ years of experience in floorplan lending, asset verification, dealer audits, or collateral risk management.
• Deep understanding of subprime dealer dynamics, including independent operators.
• Excellent communication, negotiation, and decision-making abilities.
• Bachelor’s degree in Business, Finance, or related field

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