Fleet Credit Analyst

Volvo Group; Mississauga; On-site; CAD 60,000 - 80,000; Full time

Job summary

Volvo Financial Services is looking for a Credit Analyst to support the transformation of transport solutions. You will handle credit decisions, manage fleet accounts, and interact with various stakeholders, all while benefiting from a collaborative team environment. Ideal candidates have a strong background in credit analysis and an educational foundation in finance or related fields, looking to play a pivotal role in sustainable transport solutions.

Benefits

Competitive remuneration package including RRSP matching

Career development with global prospects

Health & Wellbeing program

Qualifications

• 3 to 5 years of experience in commercial credit adjudication.
• Strong understanding of security documentation for loans and leases.
• Bilingual communication skills are an asset.

Responsibilities

• Manage a portfolio of fleet accounts and adjudicate credit submissions.
• Provide timely credit underwriting on dealer submissions.
• Interact extensively with dealers and customers to negotiate transactions.

Skills

Credit Analysis

Negotiation

Financial Statement Analysis

Customer Service

Education

Undergraduate degree in Business Administration, Finance, Accounting, or Economics

Tools

MS Office

Job description

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Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future? If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.

What You Will Do

At Volvo Financial Services you will contribute to the transformation of our company, the transport industry, and society at large. You will analyze prospective customer profiles, making credit decisions and recommendations on truck, construction, and coach market financing & lease transactions. You will provide the highest level of customer service, supporting VFS Canada Inc.’s mission to be the premier captive finance company in Canada. The position within VFS Canada Inc. reports to the Manager, Retail Credit Team Canada. This is an onsite position. We are in the process of relocating to Mississauga, and during the transition, you'll have the flexibility to work from both our Aurora and Mississauga offices. For the first few months, some time in Aurora will be helpful for onboarding and training. Our team is excited to welcome you and support you every step of the way

You Will Also

• Manage portfolio of fleet accounts and adjudicate credit submittals for truck fleet, coach, and construction transactions;
• Support dealers, customers, and the VFS District Financial Managers (DFM) by providing timely credit underwriting on dealer or DFM credit submittals;
• Perform loss analysis projections on customer fleet transactions;
• Review Fleet financial statement data and other credit information to generate assessments and conclusions;
• Approve credit submittals and document credit approvals in writing within delegated credit authorities and in accordance with established VFS credit policies and guidelines;
• Present files outside of delegated authority to Canadian, North American and Executive Credit Committees;
• Negotiate changes in standard VFS documentation and present to legal for review and approval;
• Prepare and negotiate priority agreements and release of lien waivers on fleet customers and present non-standard requests to legal for review and approval;
• Interact extensively with the sales force, dealers, and customers to effectively negotiate transactions and communicate credit decisions in a timely manner;
• Keep up to date on Volvo, Mack and Prevost product offerings as well as VFS-sponsored finance programs;
• Participate in the various system enhancements ensuring testing compliance and acceptance in accordance with operational requirements;
• Travel on occasion as necessary to meet with current and prospective fleet customers;
• Assisting in the development and implementation of retail credit programs;
• Effectively utilize pricing tools and T-Value to facilitate and negotiate revised deal structures;
• Provide support and backup on scorecard transactions, syndication activities, and workouts as required;
• Provide support and backup to the other Fleet Analyst as needed;
• Perform sundry administrative duties as delegated by Manager, Credit Team.
  
  

Who are you?

Do you dream big? We do too, and we are excited to grow together. In this role, you will bring:

• Undergraduate degree in Business Administration, Finance, Accounting, or Economics or equivalent work experience.
• Strong credit background with 3 to 5 years of experience in mid to large-ticket commercial credit adjudication preferably with experience in the equipment finance industry (trucks, buses, and construction equipment).
• Captive Automotive Finance industry experience is an asset.
• Proven record of achievement in structuring commercial transactions in an asset-based lending environment.
• General knowledge of Business, Customer Service, Credit, Legal, Collections and Vendor Management is necessary.
• Ability to work independently, exercise sound business judgment, possess strong organizational and negotiation skills and have the ability to manage multiple transactions in a fast-paced, demanding environment;
• Effectively prioritize workload and collaborate with team members to deliver exceptional service to our customers;
• Senior level of understanding on financial statement analysis and the calculation of key financial ratios;
• Strong presentation skill, problem-solving and analytical skills to arrive at quality decisions;
• A thorough understanding of security documentation related to loan and lease transactions;
• Strong understanding of basic security perfection procedures including a basic level of understanding of both the PPSA and The register of personal and movable real rights (“RDPRM”) registration requirements;
• Proactively contribute to the generation of ideas for continuous improvement projects related to credit, and engage in their development and implementation;
• Excellent English verbal and written communication skills;
• Bilingual written & verbal communication skills are an asset;
• Proficient in MS Office including MS Excel, MS Outlook and MS PowerPoint;
• Must have a valid driver’s license with a clean driving record.
  
  

We understand you may not tick all the boxes and that’s ok; if you are interested in learning it, we’ll help you get there as we learn together.

What’s in it for you?

Benefits

In addition to being part of a high-performing team in a fast-paced, rewarding environment, our benefits package also includes the following:

• Competitive remuneration package including generous RRSP employer matching contributions.
• Career development with global prospects
• A dedicated Health & Wellbeing program
  
  

The opportunity to do truly meaningful work in a supportive, constructive culture that encourages you to make the most of your talents.

Volvo Financial Services is an on-site business and we understand that you might need occasional or temporary flexibility, which your leader is equipped to manage and fits well with our culture, as being together enables us to build upon our innovative and collaborative culture, as well as develop you for continued success.

Ready for the next move? If you want to make a real impact in your career, Volvo Financial Services is where you want to be. We look forward to meeting you.

We value your data privacy and therefore do not accept applications via mail.

Who We Are And What We Believe In

Our focus on Inclusion, Diversity, and Equity allows each of us the opportunity to bring our full authentic self to work and thrive by providing a safe and supportive environment, free of harassment and discrimination. We are committed to removing the barriers to entry, which is why we ask that even if you feel you may not meet every qualification on the job description, please apply and let us decide.

Applying to this job offers you the opportunity to join Volvo Group. Every day, across the globe, our trucks, buses, engines, construction equipment, financial services, and solutions make modern life possible. We are almost 100,000 people empowered to shape the future landscape of efficient, safe and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents with sharp minds and passion across the group’s leading brands and entities.

At Volvo Financial Services, we are working together to shape the world we want to live in. As the captive finance arm of the Volvo Group, VFS provides financial services and solutions that meet the needs of our customers’ evolving business. Through our dedication to innovation, we support society in its adoption of sustainable transport and equipment solutions. VFS is headquartered inGothenburg, Sweden, and serves Volvo Group customers and dealers in more than 50 markets.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development, General Business, and Finance

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