Credit Analyst - Aurora, Canada - Volvo Group

Volvo Group

Verified Company

Aurora, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

The Credit Analyst will analyze prospective customer profiles, making credit decisions and recommendations on truck, construction, and coach market financing & lease transactions.

You will provide the highest level of customer service, supporting VFS Canada Inc.'s mission to be the premier captive finance company in Canada.

The position reports to the Manager Retail Credit. This is an onsite position.

RESPONSIBILITIES

Support dealers, customers, and the VFS District Financial Managers ('DFM") by providing timely credit underwriting on dealer or DFM credit submittals;
Keep up to date on Volvo, Mack and Prevost product offerings as well as VFS sponsored finance programs;
Adjudicate credit submittals and document credit decisions in writing in accordance with established VFS credit policies, scoring methodology and delegated authorities;
Interact extensively with the sales force, dealers, and customers to effectively negotiate transactions and communicate credit decisions in a timely manner;
Approve credit submittals and issue formal credit approvals within delegated credit authorities;
Ensure accurate and complete documentation requirements on issued credit approvals prior to signoff;
Ensure security perfection requirements are noted on issued credit approvals prior to signoff;
Ensure VFS insurance requirements are noted on issued credit approvals prior to signoff;
Participate in and promote the development of stronger business relationships with applicable manufacturers, their distributors and customers;
Prepare written credit reviews and recommend credit lines for current and prospective customers;
Assist in the ongoing development and implementation of process improvements related to the credit underwriting process in order to improve turnaround times and minimize risk;
Effectively utilize pricing tools and T-Value to facilitate and negotiate revised deal structures;
Perform sundry administrative duties as delegated by the Manager Retail Credit;
Assist with the preparation of credit files for syndication sales including the delivery of documentation post sale; and
Provide backup and assistance to the Fleet Credit Analyst on transactions where exposure exceeds $1M.

EDUCATION

BA/BS in business or related field, or equivalent work experience.

EXPERIENCE

Previous experience in small to midticket retail and commercial credit adjudication;
Proven record of achievement in structuring retail and commercial transactions as well as wholesale financing and collections experience desired;
35 years of related finance/credit industry experience;
Prior experience utilizing T-Value and Microsoft Office (Word, Excel, etc.)

SKILLS

Strong credit evaluation and analytical skills, including familiarity with credit bureau analysis measures;
Intermediate level of understanding of financial statements and cash flow analysis including the calculation of key financial ratios;
A thorough understanding of loan & lease documentation;
Strong understanding of security documentation and basic security perfection procedures including a basic level of understanding of both the PPSA and Civil Code security registration requirements;
Bilingual (English and French) written & verbal communication skills preferred;
Ability to work independently, exercise sound business judgment, possess strong organizational and negotiation skills and have the ability to manage multiple transactions in a fastpaced, demanding environment;
Ability to work within and in support of a team environment.

Schedule: