Job Details
Credit Salt Lake City, Utah 23.02.2022 ** Retail Credit Specialist - SLC**
BMW Financial Services NA, LLC is one of the 26 worldwide subsidiaries of the Financial Services Division of BMW AG. Our momentum is moving at such a rapid pace that we continually exceed average international growth rates, and we constantly create new opportunities for our employees worldwide. Be a part of our exciting growth by expressing an interest in the Retail Credit Specialist position located at our BMW Bank of North America office in Salt Lake City, UT. **Please note, this position does not include relocation assistance.**
As a Retail Credit Specialist, you will underwrite $400 million in credit submissions annually and underwrite fleet credit line relationship up to $750K. You will be responsible for managing risk while maximizing portfolio growth by analyzing and interpreting consumer and business credit data while remaining compliant with federal, state and BW Group Financial Services' regulatory requirements, practices, policies, and procedures (including but not limited to fair lending, Equal Credit Opportunity Act, Truth in Lending Act, Anti-Money laundering and Financial Sanctions, and Anti-Fraud management). This role is also responsible to ensure adherence to Financial Abuse prevention, as well as the prevention of Unfair, Deceptive, Abusive Acts and Practices.
In this role, you will analyze information received from consumer and business credit application and credit reporting agencies to make prudent credit decisions, collect, and analyze all requisite documentation including, but not limited to, financial and income statements to decision business and fleet applications, negotiate terms and conditions of application decisions with Centers within established approval and exception guidelines to ensure credit quality and profitability. You will mitigate risk through thorough analysis and appropriate verification tools, escalate applications exceeding lending authority to Senior Credit Analyst/Manager/Team Leader and support and promote company cultural values and service standards, company, department and section goals in all aspects of performance.
In this position you will communicate credit decisions and rationale to Centers by telephone and through well documented stipulations and recommend alternative options on declined applications that the Center may be able to offer. You must be an effective negotiator and able to structure deals to mitigate risk, be responsive to Center calls, e-mails, and voicemails, as well as maintain and develop Center relationships by building rapport through telephone calls and in-person dealer events.
Join the BMW Financial Services team and enjoy a high-performance benefits package which includes:
Company paid medical, dental and vision insurance
Employee car program
401(k) savings plan
Retirement Income Account (RIA)
Work from home flexibility
Even more so than the generous compensation and benefits, the culture and values of BMW Financial Services make it the ultimate working environment. These values include such things as, Responsibility, Respect, Trust, and Fairness. We allow these values to guide the way we conduct ourselves and our business.
**Requirements:**
Bachelor's Degree or equivalent experience and/or certification.
**Preferences:**
Preferred area of Study: Business degree with concentration in Finance.
1-2 Years Automotive Finance Experience
1-2 Years Credit Analysis experience
1-2 Years Collections experience
1-2 Years Dealer Facing experience
**Retail Credit Specialist - SLC**
20220223 Automotive Salt Lake City, Utah United States Legal Entity: BMW Financial Services, US Location: Salt Lake City, Utah Job Field: Credit Job ID: 220000OR Publication Date: 23.02.2022 Full-time