Job Description

Organization

Volvo Financial Services

Position Description

Position Description
The Wholesale Analyst is responsible for maintaining contact with dealers and providing support for the Wholesale Center of Excellence (WCoE). Responsible for processing daily dealer and OEM funding, payment and collections. Maintaining security perfection documentation, modification and renewals. Monitor and update dealer insurance policies. Conducts collection activities, close audits, work with Auditors, spread financial statements; conducts audits, and perform ad-hoc financial analysis as needed. This position is part of VFS North America WCoE and candidate will be located in United States, Greensboro, NC. The Wholesale Analyst will report to the Portfolio Credit & Risk Manager.

Core Responsibilities:

• Ensure defined operational turnaround protocols for dealer funding, payment application, document preparation, and other tasks are obtained.
• Process all wholesale funding and payment requests, both timely and accurately, investigate and resolve billing and contract issues, respond timely to dealer inquires.
• Tracks, closes and reports on audit performance, including discrepancies, highlighting potential problems/issues at a dealership
• Ensure VFS security perfection with respect to such areas as UCC, PMSI, PPSA, RAQ, etc., inter-creditor agreements as well as other security perfection documentation.
• Collection of monthly charges and payments.
• Prepare and maintain security perfection documents, filings and preparation of inter-creditors and/or subordination agreements.
• Completion of various security perfection searches including UCC, PPSA, Bank Act, Hypothec/PQ Civil Code, and all other applicable searches/renewals/new-filings.
• Work with accounting to reconcile any GL issues related to wholesale.
• Ensure contracts are properly set up in WFS with a high level of accuracy and speed.
• Prepare dealer loan documentation (new & renewal), ensure all documents are complete and executed correctly and returned by the dealer.
• Send, track, and obtain, annual dealership ownership certificates, KYC, and AML checks.
• Ensure dealer insurance policies coverage for both floor plan and lease line are renewed timely meeting VFS\'s requirements.
• Performs dealer affiliated lease line audits through analysis of leasing businesses and associated documentation.
• Spread financial statements in Risk Analyst and provide comments and analysis as needed.
• Provide New Employee Training & Internal Employee cross training.
• Have expertise knowledge of operational, audit, reporting, and testing within WFS
• Comply with any local regulatory requirements as well as Volvo Group and VFS internal requirements.

Education and Experience Required:

• BA/BS in Business or related field preferred.
• 3 + years of experience in wholesale, floor plan or financial services related activities.
• Excellent organizational skills, with the ability to prioritize and work effectively on multiple tasks in a fast paced, demanding environment.
• Strong interpersonal skills supported by strong written & verbal communication skills.
• Basic understanding of financial analysis including balance sheet, income statement, cash flow, projection analysis, and financial statement spreading is preferred.
• Thorough understanding of wholesale documentation requirements and security perfection.
• Strong cross-functional team player who works within and in support of a team environment.
• Knowledge of WFS is a plus.
• Collections and inventory audit experience is a plus.
• High level of proficiency / Fluency in reading, writing, and speaking English
• Proficiency in French or Spanish is a plus

Functional Area

Commercial Finance

Travel Required (maximum)

No Travel Required

About us

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.
www.volvogroup.com/career.

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

Employment/Assignment Type

Regular

Last application date

15-Sep-2023

US Disclaimer text

Volvo Group North America is an Equal Opportunity Employer

E.O.E./M/F/Disability/Veteran

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