Credit Analyst - Parts & Service Financing

What you will do

Are you someone who wants to impact the growth of both our business and that of our customers?  Are you passionate about the heavy equipment parts and service financing area of our business? Enjoy underwriting, negotiating, structuring deals, providing credit approvals and financing solutions to meet customer needs? Want to be a part of the transformation of the transportation and finance industry?

This is us, your new colleagues

VFS is committed to providing competitive financial services for Volvo Group dealers, and through their dealerships to customers, for their acquisition and use of Volvo Group products. This collaborative approach brings to life the concept of one-stop shopping for customers. During the customer transaction lifecycle, this collaboration enables the Group to offer additional products and services after the customer’s purchase, which further builds our relationship with the customer and increases Volvo Group sales. When times are tough, customers and dealers can trust that VFS and the Volvo Group remain dedicated to supporting their business. 

At VFS we actively work to establish teams that maximize the strength inherent in differences in knowledge, experience, age, gender, nationality, and all other dimensions of diversity. We believe that balanced working teams increase our capacity for creativity enabling us to find new and innovative approaches to solutions.

This role is responsible for processing and analyzing unsecured credit requests from existing or prospective customers within the Parts & Service Financing (PSF) portfolio for FleetPREFERRED and SMART Commercial Accounts. Customer financing applications are reviewed for accurate and complete information and processed to ensure timely and comprehensive credit review and underwriting with the highest level of customer service and professionalism.  Additionally, the PSF Credit Analyst helps monitor portfolio risk and ongoing maintenance of existing customer accounts status and credit facilities. 

The role is located in Greensboro, NC and reports to the Manager of Integration and Credit for the PSF business.

This is how you make an impact

•    Underwrites unsecured parts and service receivable program applications from Volvo Group customers, completes periodic customer credit renewals, for decision within delegated credit authority.
•    Reviews credit submittal, D&B, credit bureau, Paynet, or other individual and commercial credit bureau reports for completeness.
•    Understands truck and construction fleet parts and service purchasing habits; analyzes historical and projected volume and uses PSF Credit Matrix and/or financial analysis to determine repayment risk.
•    Develops and utilizes financial statement analysis skills to spread financial statements and prepare written comments highlighting important aspects of the financial statements.
•    Establishes customer files and performs necessary verifications of borrowers and guarantors (i.e. Secretary of State, debt history, trade history, , and revenue sources) as required.
•    Interacts extensively with Dealers, Customers, and Mack/Volvo Truck, VCE Aftermarket sales teams to understand customer needs in order to provide a complete credit solution while maintaining sound underwriting and risk practices.
•    Works with VFS Litigation and Bankruptcy team on bankruptcies or other customer accounts that need to be noticed when severely delinquent.
•    Liaison with OEM and VFS Sales on special credit offerings.

Who are you?

Do you dream big? We do too, and we are excited to grow together. In this role, you will bring: 

•     BA/BS degree in Business Administration, Finance, or a related field preferred.
•     At least two years of credit underwriting experience and strong analytical skills, including familiarity with personal credit bureau reports, commercial business reports (Dun and Bradstreet, Experian, Paynet, etc.), and other reference sources.
•    Familiarity with financial statements and experience preparing written summaries of key information. Financial statement analysis includes ratio analysis, common sizing, review of industry norms, trending, and cash flow analysis. 
•    Experience in interpreting key financial information and assessing the potential impact on the borrower is necessary.
•    Proven organizational skills with the ability to prioritize work and effectively manage multiple tasks in a fast-paced, demanding environment.
•    Intermediate level in MS Office 365 required. Experience with PowerBI a plus, and expert level in MS Excel preferred.

Are we the perfect match?

Will you bring the passion for underwriting unsecured debt and looking for solutions for a diverse commercial customer group?  Can you cultivate a customer experience that builds loyalty?  Can you effectively collaborate with a diverse group of colleagues to grow our business?  Be a part of the transformation of the transportation and finance industries that are going green and becoming more digital.