Credit Analyst

Job description

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

Ready to shape tomorrow’s society with us?

 

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. 
Link to our website: https://www.vfsco.com/us/

 

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.
 

 

The Details

This role is responsible for processing and analyzing unsecured credit requests from existing or prospective customers within the 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 may propose account structures and solutions that facilitate the customer’s use of the various Commercial Aftermarket parts and service receivables programs offered by or administered by PSF. 

 

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

 

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, ) 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
•Builds trust and cultivates Dealer, Customer, and Volvo Group colleague relationships
•Supports PSF Team in addressing and solving customer account and credit facility changes.
•Participates in review and negotiation of documentation with the Customer, Credit Manager, and Legal Counsel; reviews and initiates proper follow-up as necessary
•Assists in the development and implementation of procedures to minimize risk and improve underwriting quality, including identifying and implementing process improvement opportunities in the credit process
•Assists with portfolio monitoring and reporting

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 similar preferred
•2 or more years’ experience underwriting unsecured credit risk, and unsecured portfolio administration, including portfolio risk analysis or similar work experience with receivables financing credit experience preferred 
•Parts and service (commercial aftermarket) experience in heavy equipment, transportation or construction equipment, and/or factoring, and dealer receivables program experience is a plus
•Established credit underwriting and analytical skills, including familiarity with personal credit bureau reports, commercial business reports (Dun and Bradstreet, Experian, Paynet, etc.) and other reference sources (bonding, finance, trade)
•Familiarity of financial statements and experience preparing written summaries of key information. Experience interpreting key financial information and assessing the potential impact to the borrower is necessary
•Proven organizational skills with the ability to prioritize work and effectively work on multiple tasks in a fast paced, demanding environment, with attention to detail and maintaining quality, and sound business judgement and professional communication skills
•Intermediate level in MS Office 365 required and Expert level in MS Excel and PowerPoint preferred.  Experience with PowerBI a plus.

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?

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?

We look forward to hearing from you.  Complete your application and we’ll be in touch.
 

We value your data privacy and therefore do not accept applications via mail. 

 

Who we are and what we believe in 
Our focus on Inclusion, Diversity, and Equity allows each of us the opportunity to bring our full authentic self to work and thrive by providing a safe and supportive environment, free of harassment and discrimination. We are committed to removing the barriers to entry, which is why we ask that even if you feel you may not meet every qualification on the job description, please apply and let us decide.

 

Applying to this job offers you the opportunity to join Volvo Group . Every day, across the globe, our trucks, buses, engines, construction equipment, financial services, and solutions make modern life possible. We are almost 100,000 people empowered to shape the future landscape of efficient, safe and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents with sharp minds and passion across the group’s leading brands and entities. 

 

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.

Job Category:  Commercial Financial Services

Organization:  Volvo Financial Services

Travel Required:  No Travel Required

Requisition ID:  16267