Retail Credit Analyst

Retail Credit Analyst

Location

Greensboro, NC, US, 27409

Position Type: Professional

Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and its finance 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 in a global context, then we could be a perfect match.

Volvo Financial Services is seeking a Retail Credit Analyst at our North American headquarters in Greensboro, NC.

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!

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 Greensboro, North Carolina, USA 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: 4777

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Do we share the same aspirations?

Every day, Volvo Group products and services ensure that people have food on the table, children arrive safely at school and roads and buildings can be constructed. Looking ahead, we are committed to driving the transition to sustainable and safe transport, mobility and infrastructure solutions toward a net-zero society.

Joining Volvo Group, you will work with some of the world's most iconic brands and be part of a global and leading industrial company that is harnessing automated driving, electromobility and connectivity.

Our people are passionate about what they do, they aim for high performance and thrive on teamwork and learning. Everyday life at Volvo is defined by a climate of support, care and mutual respect.

If you aspire to grow and make an impact, join us on our journey to create a better and more resilient society for the coming generations.

Nearest Major Market: Greensboro