Remarketing Coordinator

About the role

We're looking for a highly organized and detail-oriented Coordinator, Remarketing to join our team. In this role, you will support the financial integrity and operational effectiveness of the Remarketing organization by ensuring the accurate, timely and compliant processing of vehicle sale proceeds. This position serves as a key operational control point, managing daily reconciliation activities, supporting audit and compliance requirements and collaborating cross-functionally with Remarketing, Accounting, Treasury, and other internal partners to resolve discrepancies and maintain process accuracy. The Coordinator also contributes to continuous process improvement efforts, helping to strengthen operational consistency, compliance adherence and overall efficiency within the proceeds management function.

Responsibilities

• Retrieval of daily bank and lockbox reports via web, ensuring all remittance info is complete and lockbox backup is included/complete. Create the daily all-level report of deposits by bank in Excel, format as required.
• Distribute the all-level report, day deposits and lockbox reports to the applicable team members for Auction Proceeds and Client Directed Proceeds.
• Complete the daily deposit reconciliation and create the daily tally report to ensure funds in and funds out balance.
• Collect all applicable backup from team members that support the deposits, any manual deposits and any Journal entries for proceeds.
• Scan the daily deposit and daily tally along with the relevant backup documentation used to balance and send to Accounting for GL processing, Remarketing process team members for confirmation of completion and Remarketing Manager for SOC Compliance review and approval.
• Investigate all variances between proceeds received and the supporting backup and out of balance items between accounts, resolving all variances through communication with Element Remarketing team or other Element departments.
• Post entries to general ledger and interface with accounting team to ensure all funds balance, as required.
• Maintain all documentation backup required to meet SOC, SOX and IFCR requirements.
• Compile and organize all reporting and backup required for internal and external audits as required.
• Ensure all daily/monthly audits are performed, documented, retained and approved as required.

Requirements

• High school diploma or equivalent
• Minimum 1 to 2 years of Basic Accounting experience
• Excel experience is required
• Highly organized with strong attention to detail
• Demonstrated oral/written communication skills
• Ability to participate in cross functional teams but function independently once objective established
• Education: College/University degree preferred.
• Associate's or Bachelor's degree in Business, Finance, or Accounting preferred
• 3-5 years of experience in financial services, accounting operations, banking, remarketing, or related operational environments preferred
• Commercial Fleet experience preferred
• Remarketing experience a plus
• Experience managing documentation retention, manually and digitally
• Location - Owings Mills, MD

Benefits

Additional Information

Get started on an exciting career at Element! Element employees make a difference in the lives of others every day. We are re-defining the fleet management industry to be people first, then business - delivering on our promise of a superior client experience. This takes hard work and innovation, and we need more like-minded people on our team.

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