Intern: Remarketing/End of Lease (Summer 2022)

Description – Remarketing/End of Lease

Volvo Financial Service (VFS) has been certified as Great Place to Work since 2016. VFS is the captive finance company for the Volvo Group. The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drives systems for marine and industrial applications, and is the world's leading producer of heavy-diesel engines. Volvo Financial Services provides a full range of financial services for the construction equipment, truck and bus industries. Our team has 1,400 professionals in 44 countries around the world.

The internship role provides students with the opportunity to apply academic knowledge and skills in a professional environment, and to support/promote the student's career goals through contact with professionals in their field of study. The internship experience enables students to participate in professional activities with Volvo Financial Services by working on important and innovative projects. Internships are structured learning experiences where interns and our full time professionals work together on projects and allow students to integrate knowledge and skills in a manner that is mutually beneficial to the student and Volvo Financial Services.

The following position within Volvo Financial Services USA reports to the Manager, Remarketing/End of Lease, and will be located in Greensboro, North Carolina.

Core Responsibilities:
  • Remarketing
  • Support Sr Remarketers to efficiently and effectively manage and liquidate repossessed assets
  • Ensure inspections have been ordered on remarketing assets
  • Prepare repossession files for equipment that will be remarketed
  • Work with dealers and titles department regarding repossession titles
  • Prepare and mail dealer notification letters
  • Process remarketing vendor invoices
  • Input sales information into data base
  • Coordinate with legal & risk management to ensure appropriate handling of assets
  • Assist Remarketers in the compilation of the Equipment Value Matrix
  • Develop process for inventory audits, enhance inventory systems and controls
  • Implement automated process for the update of various sales channels
  • Prepare and distribute monthly reports and support other reporting needs
  • Prepare power point slides to communicate business plans and performance
  • Other duties as may be assigned.

End of Lease:
  • Support End of Lease Analysts to efficiently and effectively manage end of lease assets
  • Contact customers and provide marketing efforts to source customer intent and manage lease assets
  • Prepare monthly invoices to customers with financing arrangements beyond contractual maturity
  • Collect EOL obligations
  • Prepare and distribute month reports and support reporting needs
  • Prepare power point slides to communicate business plans and performance
  • Other duties as needed in order to support EOL

Essential Skills and Required Experience:
  • Must be pursuing a Bachelor's degree in Business Management, Finance, Accounting, Statistics, Mathematics, or similar and in school full-time.
  • Must be pursuing their degree at an accredited school and have completed 30 semester hours prior to the start of the internship.
  • Prefer experience prioritizing work effectively, be an individual & team contributor and be able to multi-task in a fast-paced work environment
  • Have proven interpersonal communication skills
  • Proficient in MS Word, Excel, and PowerPoint
  • Fully proficient in reading, writing and speaking English, additional languages a plus

  • All VFS USA workers are expected to develop and meet the following competencies:
  • Action oriented - Full of energy for challenges and not fearful of acting - Seizes opportunities
  • Customer focus: Establishes and maintains effective relationships with dealers, 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, maintains confidential information and admits mistakes
  • 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 and encourages collaboration. Excellent interpersonal skills and the ability to work cross-functionally
  • 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
  • Technical learning: Can learn new skills and knowledge quickly and is good at learning a new industry, company, product, or technology
  • Problem solver and critical thinker contributing to the performance of the Sr Remarketers and End of Lease Analysts

Other Requirements

We maintain a drug-free workplace and perform pre-employment substance abuse testing. Applicants must be legally able to work in the United States (no sponsorship is offered for this internship)

The Volvo Group drives prosperity through transport solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. Countless career opportunities are offered across the group’s leading brands and entities that share a culture of Trust, Passion, High Performance, Change and Customer Success. 

Volvo Financial Services is the global financial solutions provider of the Volvo Group, supporting the Volvo Group brands with expert financial services. This includes providing customers and dealers with a full-range of offerings, such as financing, leasing, and insurance solutions. Our team of about 1,400 professionals are located in 45 countries worldwide. As a part of the Volvo Financial Services team, you will experience challenging assignments, gain international exposure, and interact with colleagues around the world in the Volvo Group.

Volvo Group North America is an Equal Opportunity Employer

We Participate in E-verify

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