Credit Analyst I
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 Analyst I is responsible for 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. Additionally, the Credit Analyst I negotiates and assists in the conquest of approved transactions. The Credit Analyst I reports to a Credit Manager and the position is located in Greensboro.
Supports dealers, customers, and the VFS USA sales force by providing underwriting on credit submittals and completing credit approvals within delegated credit authority
Reviews credit submittal, 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
Develop and utilize 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
Interacts extensively with Dealers, Customers, and District Finance Managers (DFMs) to negotiate loan and lease structuring, pricing, and collateral analysis requirements for transactions to ensure sound underwriting and risk practices.
Builds trust and cultivates Dealer, Customer, and colleague relationships
Follows-up with dealer contacts daily and leverages relationships to negotiate and win open approvals
Meets with prospective customers to analyze business operations and conducts extensive credit interviews. (Occasional travel is required)
Interacts with other colleagues, managers and executive management on behalf of credit to make recommendations related to financing requests (i.e. exception requests, self-insurance, documentation requirements, promotions, or other non-standard financing requests).
Underwrites transactions and articulates the strengths and weaknesses, as well as recommendations in verbal and written presentations
Ensures accurate and complete documentation of credit files and recommends credit lines for current and prospective customers.
Selects and negotiates loan and lease documentation including ancillary documents, UCC-1 related issues, including proof of ownership, search review and subordination
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
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
Underwrites 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 equivalent/similar experience preferred
2+ years’ combined experience in one or more of the following areas: loan or lease underwriting, portfolio asset management or formal credit/risk management coursework /training
Heavy equipment, transportation or construction equipment experience a plus (i.e. OEM sales, pricing, dealer/customer satisfaction)
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, insurance, finance, trade)
Familiarity of financial statements and experience preparing written summaries of key information. Financial statement analysis includes: ratio analysis, common sizing, review of industry norms, trending, and cash flow analysis. 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
Proven record of achievement in credit structuring preferred
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-Excel 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 and more:
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
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.
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An email confirmation will be sent as soon as you submit your application. After this, it is still possible to update your personal profile.
If selected for an interview, you will be contacted with information about the following process steps: second interview, assessments and references.
All candidates will be notified when a final candidate is selected for the job. You can choose for us to keep your resume in our database and activate a search agent that will look for other jobs that match your profile.
When you begin your employment, you will receive an introduction to help you quickly become part of the team and start working with your tasks in the best possible way.