Credit Specialist

If you are ready for meaningful challenges, eager to make a difference and to go the extra mile, we invite you to apply to join the Credit department with our company. At Volvo Financial Services, we are always looking for great talent now and for the future.
The Credit Specialist is responsible for processing and completing service requests in support of dealers, and internal and external customers. The Credit Specialist supports the Retail Credit team by completing Mod & A&A requests, Syndication credit packages, processing subordination requests, administering the Retail Credit inboxes, maintaining MVP Syndication list, and providing coverage during periods of high volume and absence. This coverage includes the processing and analysis of credit applications for loans and leases to customers for the acquisition of heavy equipment, as submitted by our customers, dealers and District Finance Managers. Customer financing requests 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. The Credit Specialist reports to a Credit Manager and the position is located in Greensboro, NC.
Core Responsibilities:

  • Maintain and update MVP Syndication list with updated financial statements

  • Follow with DFM’s, Analysts and directly with customers for updated financials

  • Prepares and completes Syndication credit packages promptly

  • Processes and prepares subordination requests from banks and financial services companies for final review and sign-off

  • Administers the Retail Credit / SAG inbox and ensures prompt service including the entry of applications into TransAction, the attachment of financial statements and deal supporting documents in OnBase, processing of subordinations, and delivering requests to the proper party for final decision

  • Supports dealers, customers, and the VFS USA sales force by assisting underwriting on credit submittals and completing credit approvals within delegated credit authority

  • Assist with reviewing credit submittals, credit bureau, Paynet, or other individual and commercial credit bureau reports for completeness

  • Understands truck and construction equipment collateral. Analyzes collateral position and completes matrix using MS Excel platform software to outline collateral exposure on transactions

  • May assist with developing and utilizing 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, bonding capacity, employment, and revenue sources) as required

  • Builds trust and cultivates Dealer, Customer, and colleague relationships

  • Assist Credit Analyst with following up with dealer contacts daily and leverages relationships to negotiate and win open approvals

  • Interacts with other colleagues, including senior Credit Analysts, to continually develop and expand credit underwriting and analysis skills, including spreading financial statements and preparing written comments highlighting important aspects of the financial statements.

  • Ensures accurate and complete documentation of credit files and recommends credit lines for current and prospective customers.

  • Selects loan and lease documentation including ancillary documents, UCC-1 related issues, including proof of ownership, search review and subordination

  • Identifies and implements process improvement opportunities in the credit process

  • Gains and grows industry expertise (Trucking, Construction, or other as required)

  • Models The Volvo Way, follows The Code of Conduct and other company policies and procedures as required.

  • Works with the Retail Credit Manager to prioritize work load

  • Underwrite modifications and Assignment and Assumptions of loans and leases

  • Other projects as assigned


Education and Experience Required:

  • BA/BS degree in Business Administration, Finance or similar required; 2 or more years’ experience in loan or lease underwriting preferred

  • Heavy equipment, transportation or construction equipment experience a plus

  • Proven organizational skills with the ability to prioritize work and effectively work on multiple tasks in a fast paced, demanding environment

  • Relationship Management experience or sales experience preferred such as the demonstrated ability in identifying customer needs, asking the right questions upfront, and communicating the advantage of doing business with an organization

  • Intermediate level in MS Office required. Experience with MS Access a plus and Expert level in MS Excel preferred

  • Experience working in a professional environment where sound business judgment, attention to detail, a fast pace and a flexible and adaptable approach are valued

  • Demonstrated high level of integrity, energy, and a positive customer and quality focus with ability to work within a team environment.

  • Proven written, verbal and interpersonal communication skills

  • Fluency in reading, writing and speaking English; additional languages a plus


Required Competencies and Skills:
All VFS USA employees should be at the skilled level (or working towards the skilled level) for the following competencies:
Action Oriented: Full of energy for challenges and not fearful of acting. Seizes opportunities and has a proactive approach. Ability to coordinate and organize multiple transactions and deadlines.

  • Customer Focus: Establishes and maintains effective relationships with customers and colleagues and gains their trust and respect.
  • Integrity and trust: Seen as a direct, truthful individual who presents facts in an appropriate and helpful manner, keeps confidences and admits mistakes. Exercises good judgment and decision making abilities.
  • Learning on the fly: Learns quickly when facing new problems and is a versatile learner open to change and quickly grasps the essence of ideas. Self-directed with the ability to adjust in a dynamic environment
  • Peer relationships: Can solve problems with peers and is seen as a team player who easily gains trust and support of peers and encourages collaboration. Excellent interpersonal skills and the ability to work cross-functionally and within a team. Works well with employees at all levels of the company and has the ability to function and build relationships in a highly matrixed environment
  • Perseverance: Pursues everything with energy, drive, and a need to finish
  • Self-development: Personally committed to and actively works to continuously improve him/her
  • Standing alone: Can be counted on and is willing to be the only champion for an idea or work alone on a tough assignment. Conveys self-confidence and positions self as a value-added resource
  • Technical learning: Can learn new skills and knowledge quickly and is good at learning a new industry, company, product, or technology

Volvo Financial Services USA is proud to call Greensboro, North Carolina home! Learn more about our community through “Opportunity Greensboro”


About Us

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines under the leading brands Volvo, Renault Trucks, Mack, UD Trucks, Eicher, SDLG, Terex Trucks, Prevost, Nova Bus, UD Bus, Sunwin Bus and Volvo Penta.

With Volvo Financial Services you will be part of a global and diverse team of highly skilled professionals to provide expert financial services and solutions to customers and dealers in support of the Volvo Group’s sales. We work with passion, we trust each other and we embrace change to stay ahead. We make our customers win.

Volvo Group North America is an Equal Opportunity Employer
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Application Process

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Interview

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Selection

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Introduction

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