CW Dealer Credit Analyst Plano TX

A Dealer Credit Analyst position is now available in Plano, TX is  now open through the Adecco Group for a national Auto client. 
 
Location: Plano, TX
Duration: 12 months
Pay Rate: $21.50
 
Position Summary:
 
This person is responsible for underwriting dealer credit packages for our client in the U.S. and Puerto Rico. They will be evaluating multiple packages a month, ranging in loan value of $20M-$100M. Loan requests include floorplan lines of credit, real estate loans, working capital loans, and revolving lines of credit.  They will be coordinating with field associates in all aspects of the loan package request, providing an assessment of TFS collateral position including recommendations to strengthen position, as well as consulting with TFS legal, reviewing and maintaining Uniform Commercial Code (UCC) filings and reviewing wholesale and loan documentation.

Reason for contingent headcount?
Expansion of Dealer Credit Department within Reimagined – gaining 23 in terms of headcount, assuming a lot of extra responsibilities
 
What is the project(s) name?
TFS Reimagined
 
What are the key objectives for this resource (project summary)?
 
To assist Dealer Credit in the following:

  • Perform financial analysis based on company prepared financial statements, tax returns, and CPA reviewed/audited financial statements in order to determine the Borrower’s liquidity, leverage, and capitalization. Reviewing financial statements submitted by dealers on a monthly basis to Toyota, not loan-related documents; not communicating with dealers directly; 6-12 financial statements per day, potentially more depending on the task.
  • Relay any questions to the Field once review is done
  • May sometimes review one specific statement for several dealers
  • May assist in preparing credit packages (about 7 pages), which are then circulated throughout the department for review
  • Provide cash flow analyses for all proposed loans. Evaluate, assess, and determine the risk associated with all credit requests and provide the approval authority with appropriate information to support conclusions. Evaluate the risk to TFS based on a careful analysis of all financial information, security for proposed loans, and proposed corporate/personal guaranties.
  • Review and analyze organizational documentation related to loan approvals. Review can include buy/sell agreements, LLCs, and partnerships documentation as well as standard documentation required for new wholesale relationships.   To identify ownership structure – what kind of business it is
  • Participate in internal projects relating to system enhancement, and process improvements. Prepare ad hoc reports per request from upper management.
  • Review of dealer financial statements monthly.
What specific TFS departments will they interact with?
Dealer Credit, Risk, and Sales
 
What phase is the project currently in?
Early stages/initiation
 
REQUIREMENTS:
 
Must Haves:
  • 1-2 years of applicable experience
    • Underwriting experience – Commercial Lending
  • Bachelor’s degree in Finance, Accounting or related discipline
  • Experience in financial analysis of commercial loan documents, to include organizational structures, cash flow analysis, industry standard financial ratios/covenants, and establishing loan collateralization
  • Experience with analyzing loan requests to ensure legal compliance and reach a conclusion as to risk position of the loan
  • Experience in underwriting expertise with automotive dealer borrowers
  • Commercial credit underwriting experience is a PLUS
  • Flexible/adaptable to changes in priorities and tasks
  • Professional oral and written communication skills
  • Strong attention to detail
  • Ability to work in a fast-paced, compliance-based environment
  • Ability to multi-task and prioritize daily tasks
  • Ability to work independently but also in a team environment
  • Ability to interact with different levels of management in various departments
  • MS Office proficiency
 
Preferred/ Nice-to-haves:
  • 3-4 years of applicable experience
  • Crowe Navigator a big plus
  • Commercial credit underwriting experience a BIG PLUS

 
HOW TO APPLY:
Candidates interested in this position (Dealer Credit Analyst, Plano, TX) should apply immediately.  Please click on the “Apply Now” button to fill out your application.  If you have any questions, you can contact Julie Bruce by email at julie.bruce@adeccona.com.

  • Apply with Adecco

Reference number US_EN_99_022862_526795