Manager of Auto Inventory Recovery

Los Angeles, CA | Direct Hire

Job ID: [LA]12191852 Industry: Automotive Pay Rate: 38-46/hr

 

The Asset Manager is a vital member of the Portfolio Management team with a direct impact on company
profitability. This person is responsible for managing the repossession, valuation, transportation, refurbishment
and remarketing of equipment – mostly used Class 8 through Class 6 vehicles – that have been returned from
subprime lessees and debtors. This Asset Manager’s main goal is to substantially expedite and increase
net proceeds from the sale of transportation assets and equipment.

• Provide and develop primary and secondary market channels for the resale of returned equipment.
• Evaluate and process the equipment? mostly tractor trucks ?repossessed from or returned by subprime
borrowers.
• Establish remarketing prices based on current market conditions and the condition of the equipment.
• Select and supervise third-party providers of inspections, repossessions, appraisals, repair &
refurbishment, transportation, storage and the re-sale of used trucks and equipment.
• Evaluate repair work estimates, repair bills and the quality of work being done. Prepare work orders and
approve payments.

We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws , including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance

8+ years’ experience in successful truck asset management roles.

Substantial current and historical knowledge of Class 6-8 truck values (along with the retail, wholesale &

auction remarketing channels).

A good understanding of the truck and trailer valuation trends and what drives them.

A broad and deep understanding of the owner-operator trucking business, involving Class 6-8 trucks.

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