Floorplan Credit Analyst

ACV Auctions; Buffalo (NY); On-site; USD 75,000 - 105,000; Full time

Benefits offered by this job

Medical plans

Disability & Life Insurance

Dental & Vision

Paid time off

Stock Purchase Program

401(k)

Job summary

ACV Auctions, Buffalo, NY, seeks an Analyst, Floorplan Credit to evaluate lending requests and provide risk-based credit summaries. You will assess financial statements, tax returns, contracts, credit reports, and other sources to determine creditworthiness and collateral needs.

The role interfaces with customer representatives and internal teams to ensure compliant, timely transactions, requiring strong cash flow analysis, attention to detail, and the ability to manage multiple priorities in a

Qualifications

• 4 Year / Bachelors Degree - Business, Accounting, Finance, or related major required.
• 2 year(s) Auto or Financial Service industry
• Ability to read, write, speak and understand English.
• Experience in various inventory finance software programs.
• Working knowledge of Auto Dealer prepared statements and auto auctions preferred.

Responsibilities

• Actively support efforts to simplify and enhance the customer experience.
• Perform financial and performance trend analysis based on key ratios and make recommendations.
• Manage multiple priorities within tight timeframes with attention to detail.
• Ensure prompt follow-up to process accounts timely and efficiently.
• Interface with customer representatives to resolve credit-related issues and questions.
• Communicate with internal management to resolve credit-related concerns.

Skills

Financial analysis

Credit analysis

Cash flow analysis

English proficiency

MS Office

Education

Bachelor's Degree in Business, Accounting, Finance

Tools

Auto dealer finance software

Microsoft Office Suite

Job description

If you are looking for a career at a dynamic company with a people-first mindset and a deep culture of growth and autonomy, ACV is the right place for you! Competitive compensation packages and learning and development opportunities, ACV has what you need to advance to the next level in your career. We will continue to raise the bar every day by investing in our people and technology to help our customers succeed. We hire people who share our passion, bring innovative ideas to the table, and enjoy a collaborative atmosphere.

Who we are:

ACV is a technology company that has revolutionized how dealers buy and sell cars online. We are transforming the automotive industry. ACV Auctions Inc. (ACV), has applied innovation and user-designed, data driven applications and solutions. We are building the most trusted and efficient digital marketplace with data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable. We are disruptors of the industry and we want you to join us on our journey.

At ACV we focus on the Health, Physical, Financial, Social and Emotional Wellness of our Teammates and, to support this, we offer:

• Multiple medical plans including a high deductible, low cost health plan
• Company-sponsored (paid) Short-Term Disability, Long-Term Disability, and Life Insurance
• Comprehensive optional benefits such as Dental, Vision, Supplemental Life/AD&D, Legal/ID Protection, and Accident and Critical Illness Insurance
• Generous paid time off options, including uncapped vacation days, the greater of 3 paid sick days or in accordance with the applicable state or local paid sick leave law, 6 paid company holidays, 2 floating holidays, parental leave, bereavement leave, jury duty leave, voting leave, and other forms of paid leave as required by applicable law or regulation
• Employee Stock Purchase Program with additional opportunities to earn stock in the Company
• Retirement planning through the Company’s 401(k)

Who we are looking for:

The Analyst, Floorplan Credit possesses a combination of skills that relate to the analytical nature of assessing lending requests and providing quality analytical summary on accounts. This role identifies material risks through analysis of financial statements, tax returns, contracts, credit reports, legal reports, UCC analysis and external web sites. The Analyst, Floorplan Credit utilizes computer programs to assess the eligibility of a credit applicant based on risk factors and applicant information.

What you will do:

• Actively and consistently support all efforts to simplify and enhance the customer experience.
• Perform financial and performance trend analysis based upon corporate key ratios and make supported recommendations.
• Manage multiple priorities within tight timeframes while maintaining ongoing attention to detail.
• Ensure prompt follow-up is maintained to process account timely and efficiently.
• Confirm all required supporting documentation per account to secure corporate interest.
• Interface directly with customer representatives to resolve credit related issues, questions or concerns, including external customers, customer accountants, CEO or CFO.
• Communicate directly with internal management or Regional Sales Executives to resolve credit-related issues, questions, or concerns.
• Assess and determine additional or current collateral requirements in coordination with other internal departments.
• Ensure compliance in the completion of all assigned transactions accurately and in a timely manner.
• Review legal documentation to ensure transactions are properly secured and comply with all State and Federal Laws.
• Perform additional duties as assigned.

What you will need:

• 4 Year / Bachelors Degree - Business, Accounting, Finance, or related major required
• 2 year(s) Auto or Financial Service industry
• Ability to read, write, speak and understand English.
• Experience in various inventory finance software programs.
• Working knowledge of Auto Dealer prepared statements and auto auctions preferred.
• Demonstrated experience in business accounting/financial statement concepts, procedures and process typically used in automotive and financial service industries.
• Ability to analyze tax returns, CPA audited, reviewed and dealer-prepared business financial statements for accounts that require a credit facility.
• Ability to perform cash flow analysis to determine accounts liquidity.
• Ability of self-reliance and prioritize work flow in heavy volume environment.
• Ability to analyze financial statements to determine profitability and financial ratios.
• Skill to review customer bank statements and identify credit related issues.
• Ability to assess and analyze personal financial statements.
• Analyze credit worthiness of principals including asset search examination.
• Knowledge of business documentation including Sole Proprietorships, S-Corps, C-Corps, Partnerships and Limited Liability Corporations. Holding Companies, etc.
• Knowledge of legal document preparation, including lease and loan documentation, security perfection, researching and documenting corporate information and statutes, corporate by-laws, signature authority protocol, etc.
• Ability to research and analyze UCC filings to determine collateral positioning of all filers and its effect on account risk.
• Proficiency with Microsoft Office Suite including Word, Excel, PowerPoint and Outlook, Google, Salesforce, etc. or comparable software application.

Our Values

Trust & Transparency | People First | Positive Experiences | Calm Persistence | Never Settling

At ACV, we are committed to an inclusive culture in which every individual is welcomed and empowered to celebrate their true selves. We achieve this by fostering a work environment of acceptance and understanding that is free from discrimination. ACV is committed to being an equal opportunity employer regardless of sex, race, creed, color, religion, marital status, national origin, age, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information, disability, military status, status as a veteran, or any other protected characteristic. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. If you have a disability or special need that requires reasonable accommodation, please let us know.

For information on our collection and use of your personal information, please see our Privacy Notice.

No immigration or work visa sponsorship provided for this position.

Compensation

The compensation range for this position is listed in the "Job Details" section at the bottom of this posting. Please note that final compensation will be determined based upon the applicant's relevant experience, skill set, location, business needs, market demands, and other factors as permitted by law.