Retail Credit Specialist

WHAT AWAITS YOU.

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 BMW 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, service standards, and 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 upon which 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.

WHAT YOU SHOULD BRING.

• Bachelor's Degree or consistent work towards attainment or equivalent experience and/or certification.
• 2+ years of Finance experience
  
  • Preferences:
  • Preferred area of Study: Business degree with concentration in Finance.
  • 1-2 Years Credit Analysis experience
  • 1-2 Years Collections experience
  • 1-2 Years Dealer Facing experience
    

The expected salary range for this position is $50,300.00 - $81,500.00.

The advertised salary range outlines the typical compensation for an individual entering this position. If your current salary exceeds the posted range, we encourage you to connect with your HR Business Partner to discuss the details further.

The selected candidate's education, skills, experience, and location will be used to determine the final salary offer. All pay ranges are based on a full-time work schedule. This statement is in accordance with state and local pay disclosure requirements.

Specifics: Position reports to Dylan Simon, Team Manager, Retail Credit . It is Salt Lake City, UT based and is in salary band ELVI, Non-Exempt. The selected candidate's Personal Grade (PG) and geographical location will be used as the final components of the salary band assignment.

As part of the hiring process, you may be required to successfully pass a credit check, in accordance with company policies and applicable laws. If the results do not meet the company's requirements, we reserve the right to rescind the offer.

BMW in the United States is an equal opportunity employer. It is the policy of BMW Group in the United States to provide equal employment opportunity (EEO) to all qualified persons regardless of age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

If you are a driven and passionate individual who thrives in a fast-paced, collaborative environment, we want to hear from you! Apply now to join our dynamic team and take the next step in your career.

For further information, please contact Abby.Cochran@bmwsharedservices.com.