Lead Credit & Collections Coordinator (NextGear Capital)

Cox Automotive Inc.; Carmel (IN); Hybrid; USD 30,000 - 45,000; Full time

Benefits offered by this job

Paid time off

7 paid holidays per year

Bereavement leave

time off to vote

Jury duty leave

Volunteer time off

Military leave

Parental leave

Job summary

Cox Automotive Inc. is seeking a Core Underwriter in Carmel, IN, a hybrid role with a mandatory in-office day on Wednesdays. You will underwrite loan packages for dealers, analyze performance data, and review credit reports to assess risk for NextGear Capital obligations.

The ideal candidate will have strong analytical and decision-making skills, with a drive and team spirit to manage high-volume underwriting tasks.

Qualifications

• High School Diploma/GED plus 7 years of related field experience
• Or degree beyond HS with 5 years of related experience
• Or 9 years of related field experience

Responsibilities

• Underwrite and decide loan packages ranging from $50K to $999K for dealers through analysis of performance data.
• Pull, analyze, and interpret credit reports for business and individual applicants.
• Research bankruptcy records, tax liens, and judgments to weigh repayment ability for NextGear Capital obligations.
• Investigate UCC file positions under the business applicant's legal name via various websites.
• Investigate UCC file positions under the business applicant's legal name via various websites.
• Collaborate with Performance Managers/Directors, lawyers, and risk professionals to serve customers and prospects

Skills

Underwriting

Analytical skills

Decision-making

Education

High School Diploma/GED

Bachelor's degree or higher

Tools

Credit reports

UCC research

Job description

The Core Underwriter is an individual contributor role responsible for underwriting deals ranging from $50K to $999K. This position requires a strong combination of interpersonal, analytical, and decision-making skills. The ideal candidate will possess substantial drive, self-motivation, and team spirit to effectively handle the volume requirements of the job. This is a hybrid role with Wednesday being a mandatory in-office day.

Primary Responsibilities

• Underwrite and decision loan packages ranging from $50K to $999K for new and existing dealers through extensive analysis of performance data, providing an in-depth evaluation of strengths and weaknesses in loan requests.
• Pull, analyze, and interpret credit reports for both business and individual applicants.
• Research relevant bankruptcy records, tax liens, and judgments to weigh applicants' business or personal ability and willingness to repay NextGear Capital obligations.
• Investigate UCC (Uniform Commercial Code) file positions under the business applicant's legal name through various websites.
• Investigate UCC (Uniform Commercial Code) file positions under the business applicant's legal name through various websites.
• Work closely with Performance Managers/Directors, legal professionals, and risk professionals to provide seamless service to existing customers and prospects.

Qualifications

• High School Diploma/GED and 7 years' experience in a related field.
• OR the right candidate could also have a different combination, such as any level degree/certification beyond a HS diploma/GED in a related discipline and 5 years' experience;
• OR 9 years' experience in a related field

Preferred

• Prior work experience in Auto or Financial service industry is preferred but not required.

Physical Requirements

Majority of work is performed in a normal office environment (regional office, home office or similar).

Ability to communicate both in person and/or by telephone.

USD 22.02 - 33.08 per hour

Compensation

Hourly pay rate is in the range of $22.02 - $33.08/hour. The hourly base rate may vary within the anticipated range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities. Position may be eligible for additional compensation that may include commission (annual, monthly, etc.) and/or an incentive program.

Benefits

Employees are eligible to receive a minimum of sixteen hours of paid time off every month and seven paid holidays throughout the calendar year. Employees are also eligible for additional paid time off in the form of bereavement leave, time off to vote, jury duty leave, volunteer time off, military leave, and parental leave.

Applicants must currently be authorized to work in the United States for any employer without current or future sponsorship.

EOE, including disability/vets