Manager: Floorplan Vehicle Inspections - Johannesburg at Absa Group Limited (Absa)

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)

End Date: August 24, 2026