Retail 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

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, customers, and VFS sales channel leaders. You collaborate closely with these individuals to underwrite, negotiate, structure, and provide credit approvals and financing solutions to meet customer needs. You typically adjudicate deals, including single unit transactions up to 4M+.  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. 

 

You are the face and voice of VFS to our dealers and key customers. You are an integral part of the Retail Team and support system for our dealer network. In most cases, you will work directly with dealership F&I team, hold joint calls with the VFS sales and customers, working directly 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 our dealers, customers, and sales teams to become a trusted advisor. 

 

Daily Focus:
You will collaborate with the sales team to review dealer requests and negotiating with dealers and/or customers to review submittals, review customer performance, ascertain financial and other key data. 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. After review of all information, you will provide a credit decision and/or recommendation to a Retail Credit Manager/Director. Based on experience and time, you will have delegated authority to make credit decisions or will submit transactions to Retail Credit Management for final approval. 

 

Responsibilities:
Larger transactions will require the review of CPA prepared, tax returns, or customer prepared financials statements. You will spread financial statements, review key financial ratios, and have a demonstrated proficiency in this skill.    You will use your written and communication skills to provide concise analysis of risk/mitigants of a request and review all relevant information to Know Your Customer and complete OFAC compliance. Certain transactions may require you to meet directly with customers and occasional travel may be needed.
In certain situations, 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?

Do you dream big? We do too, and we are excited to grow together. In this role, we believe it is the right mindset that will make a difference at VFS. If you, besides your genuine interest in working with people in Transforming Together, also have a positive, service-oriented, and collaborative mindset, and take a proactive approach to handling all responsibilities, idea generation, and recommendations for productivity and efficiency - then we would welcome you to apply for this role.  

 

You hold a BA/BS degree in Business Administration, Finance, or another related field with an MBA as a plus. You bring experience in loan or lease transactions in retail or commercial underwriting, banking fields, portfolio asset management or credit/risk management (ideally 5 or more years preferred). This experience has come in a fast-paced, high-volume environment and you should be experienced in all areas of financial analysis and commercial reporting. You 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?

If you want to make a real impact in your career, Volvo Financial Services is where you want to be. We look forward to meeting you. 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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:  16418