Retail Credit Specialist

BMW Financial Services NA, LLC was established in 1993, supporting the sales and marketing of BMW products.

Subsequently, we have expanded beyond the leasing, retail and commercial financing of a traditional captive-finance company offering a broad variety of products tailored for the BMW, MINI and Rolls-Royce customer.

Be a part of our exciting growth by expressing an interest in our Retail Credit Specialist position located in Salt Lake City, UT.

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.

WHAT AWAITS YOU.


* 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 or related education
+ 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

WHAT YOU CAN LOOK FORWAR...