Retail Credit Analyst
Greensboro, NC, US, 27409
Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future? If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.
What you will do
Part of a dynamic, fast paced, critical team at VFS you support VFS dealers and customers in the truck, construction, and bus industries. You develop relationships with key dealership personnel and VFS sales channel leaders daily. You work closely with these individuals to underwrite, negotiate, structure, and provide credit approvals and financing solutions to meet customer needs. You adjudicate deals from single unit up to multi-million-dollar transactions. You will help support VFS dealers and customers as we collectively move forward with EMobility financing solutions across the various transportation segments supported by the Volvo Group.
Each day provides unique opportunities for growth and the use of your knowledge and experience to support your team, VFS, and our customers. You will be part of an on-site team in Greensboro reporting to the Retail Credit Manager.
What is the job?
You are the face and voice of VFS to our dealers and an important part of the success of the Retail Team and our dealer network. Working directly with key dealership personnel and VFS sales teams to support new credit requests, negotiate existing open approvals, provide alternate financing solutions or structures and to support general dealer inquires. You build trust with both our dealers and our sales teams and become a trusted advisor.
Daily Focus
Supporting the delivery of Volvo equipment. Your deals will mainly require review of credit bureau information, Paynet, and other reference points to assess a transaction and make a credit decision. Based on experience and time, you will have delegated authority to quickly decision deals, which can include single unit transactions (<100K) or multiple million-dollar transactions.
Some deals may require you to negotiate directly with dealers or the sales teams to modify a submitted transaction. You touch all facets of a deal, including down payment, terms, and guarantor requirements. You provide collateral analysis, determine document requirements, insurance needs, and UCC/PMSI requirements to perfect VFS security and minimize risk.
Responsibilities
Generally, most transactions will not require the spreading of financial statements, but you will need to understand how to spread statements. You will use your written and communication skills to provide concise analysis of risk/mitigants of a request to Retail Credit Management and review all relevant information to Know Your Customer and complete OFAC compliance. Certain transactions may require you to meet directly with customers and some occasional travel may be needed.
In some cases, you will be part of a post-mortem process to provide insights on your own deals and those of your peers. These insights will help ensure continuity and provide opportunities for improvement and efficiency.
In all cases, you will adhere to The Volvo Way, Code of Conduct and defined policy requirements. You will continuously look to gain industry knowledge, learn, and support process changes and improvements in the Retail Credit department.
Who are you?
You preferably hold a BA/BS degree in Business Administration, Finance or another related field, or equivalent experience. You will bring experience in loan or lease in retail or commercial underwriting, banking fields, portfolio asset management or formal credit/risk management training/coursework (ideally 5 or more years). This experience has come in a fast-paced, high-volume environment and you should be experienced in analyzing and reviewing personal credit bureau reports, commercial business reports and other reference sources. Ideally, you have experience spreading financial statements, understand key financial statements and have experience working with multiple sales channels or credit officers. Communication is critical to success in this role, and you bring fluency in reading, writing and speaking English to the role. The ability to communicate in additional language(s) a plus! Your team works in Microsoft Office 365 tools, including Teams, at an intermediate level or higher, and you do too.
What’s in it for you?
In addition to being part of a high-performing team in a fast-paced, rewarding environment, our benefits package also includes the following:
• Competitive compensation
• Generous Earned Time Off (ETO)
• 401k plan with generous company match
• Health, vision and dental insurance
Ready for the next move?
Are you excited to bring your skills and disruptive ideas to the table? We can’t wait to hear from you. Apply today!
Who we are and what we believe in
We are committed to shaping the future landscape of efficient, safe, and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents across the group’s leading brands and entities.
Applying to this job offers you the opportunity to join Volvo Group. Every day, you will be working with some of the sharpest and most creative brains in our field to be able to leave our society in better shape for the next generation. We are passionate about what we do, and we thrive on teamwork. We are almost 100,000 people united around the world by a culture of care, inclusiveness, and empowerment.
At Volvo Financial Services, we are working together to shape the world we want to live in. As the captive finance arm of the Volvo Group, VFS provides financial services and solutions that meet the needs of our customers’ evolving business. Through our dedication to innovation, we support society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Gothenburg, Sweden, and serves Volvo Group customers and dealers in more than 50 markets.
What’s in it for you?
We offer a solid and competitive package of compensation and benefits, plus you will enjoy a diverse working environment with a culture of care and inclusion. As an investment, we support your personal development and growth to achieve your career aspirations. Volvo Financial Services is an on-site business and we understand that you might need occasional or temporary flexibility, which your leader is equipped to manage and fits well to our culture, as being together enables us to build upon our innovative and collaborative culture, as well as develop you for continued success.
Nearest Major Market: Greensboro