This division of Lending handles the most complex and highest exposure accounts. Reporting directly to the Lending Manager, this individual will be responsible for underwriting new and existing business opportunities consistent with corporate guidelines. The incumbent will conduct in depth financial and operational reviews, providing analytical insight on account’s credit worthiness. The individual should possess an excellent work ethic, a high energy level, enthusiasm and the ability to execute independently while maintaining a team work environment.
Duties & Responsibilities:
Conduct financial and performance trend analysis on new and existing accounts. Provide supported recommendations to the appropriate authority level based on NGC lending guidelines and requirements.
Manage multiple priorities in a fast paced high volume environment within department timeframes while maintaining ongoing attention to detail.
Aggregate large amounts of data from multiple sources while maintaining high level of accuracy.
Partner with field sales organization, senior leadership and across functions to resolve credit and operational related issues, questions or concerns.
Interface with the appropriate customer representatives to resolve credit related issues, questions or concerns.
Assess and determine collateral requirements, negotiate requested terms to acceptable NGC levels and coordinate with other internal departments.
Review legal documentation to ensure transactions are properly secured and are in compliance with all NGC requirements for US and Canada accounts
Drive improvements in financial modeling to enhance process efficiency, support new initiatives and to accurately capture the changing economics or structure of the business.
Knowledge, Skills and Abilities:
Solid ability to analyze Tax Returns, CPA Audited, Reviewed and Dealer Prepared business financial statements to determine account’s liquidity, profitability, and financial ratios while comparing to geographical, industry and market benchmarks.
Working knowledge of financial concepts, procedures and processes utilized in the automotive financial services industry.
Strong ability to provide analytical insight on account’s credit worthiness, liquidity, profitability, financial and operational performance metrics
Ability to research and analyze UCC filings in the U.S. and Hypothec filings in Canada to determine collateral positioning of all filers and its effect on account risk.
Knowledge of business documentation including but not limited to sole proprietorships, S-corps, C-corps, partnerships and limited liability corporations.
Strong knowledge of contract preparation, including lease and loan documentation, security perfection, researching and documenting corporate information and statutes, corporate by-laws, signature authority protocol, etc.
Education and Experience:
Bachelors Degree required
Minimum 5 years business experience preferably in the Auto or Financial services industries
Working Knowledge of Auto 13 month statements
Working knowledge in various inventory finance software programs.
Ability to analyze 10-K and 10-Q statements from
Sitting, standing for extended periods of time
Occasional bending, lifting
Normal office environment, with ability to visit and interact with all outside departments.
NextGear Capital is the world’s leading independent inventory finance company, providing flexible lines of credit for dealers to purchase new and used inventory throughout the U.S., Canada and the United Kingdom. NextGear Capital delivers innovative solutions that empower dealers to buy and sell inventory with versatile lines of credit that can be used at over 1,000 auto and specialty auctions and other inventory sources.
The company offers floor plan financing for nearly any type of remarketed unit in automotive retail, wholesale, salvage and specialty, including recreational vehicles and trailers, marine, powersports, used heavy trucks, auto salvage and auto daily rentals. NextGear Capital also provides a robust array of services and support allowing dealers to acquire and sell more inventory. This includes state-of-the-art online and mobile account management tools, market-specific industry and dealer performance data, title services, records management and collateral protection.
NextGear Capital is focused on service, technology and simple solutions that will help dealers stock more vehicles, attract more customers and close more deals. The company is headquartered in Carmel, Indiana and is part of the Cox Automotive group of companies. Visit www.nextgearcapital.com to learn more.
Cox Automotive is a leader in vehicle remarketing services, digital marketing and software solutions for automotive dealers, manufacturers and consumers. Cox Automotive includes AutoTrader.com, Kelley Blue Book, Manheim and a host of other global businesses and brands. Headquartered in Atlanta, Cox Automotive employs nearly 24,000 employees in over 150 locations worldwide. We partner with more than 40,000 dealers and touch more than 67 percent of all car buyers in the U.S. with the most recognized brands in the industry. We unite more than 20 brands in this space, providing an end-to-end solution to transform the way the world buys, sells and owns cars.
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer dot com®, Dealertra...ck®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 60,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.