nls new logo£50,000 - £60,000 plus excellent bonus and benefits.

J2425 - Our client is seeking a Credit Manager to work within the Risk Department and report into the Senior Manager-Wholesale Risk. The successful candidate will be responsible for managing all aspects of the credit risk associated with a specific car manufacturer dealer portfolio and the occasional underwriting and management of independent motor dealers. You will have line management responsibilities for up to two analysts. Location: UK, Redhill / Gtr London. Salary: £50,000 - £60,000 plus excellent bonus and benefits.

 

Job Reference: CCV/J2425
Job Title: J2425 - Credit Manager, Wholesale Finance - UK, Redhill - Motor Finance
Salary: £50,000 - £60,000 plus excellent bonus and benefits
Location: UK, Redhill / Gtr London
Bonuses: Excellent
Benefits: Excellent
Job Function:  Credit Risk & Collections
Vacancy Type:  Permanent
Asset Type / Sector: All Assets / Sector
Job Description :

J2425 - Our client is seeking a Credit Manager to work within the Risk Department and report into the Senior Manager-Wholesale Risk. The successful candidate will be responsible for managing all aspects of the credit risk associated with a specific car manufacturer dealer portfolio and the occasional underwriting and management of independent motor dealers. You will have line management responsibilities for up to two analysts. Location: UK, Redhill / Gtr London. Salary: £50,000 - £60,000 plus excellent bonus and benefits.

KEY ACCOUNTABILITIES:

Assess and underwrite all lending proposals within your personal portfolio to ensure that all credit risks are identified and considered prior to approval or their subsequent recommendation to the appropriate underwriting authority.
Ensure assessment and underwriting of lending proposals are carried out in accordance with the standards detailed in the Wholesale Risk Policy Document.
Analyse financial statements including Balance Sheet, Profit and Loss and Cashflow statements in order to measure a dealer’s financial viability.
Undertake rate grading assessments using the internal model and tool to monitor the dealer portfolio.
Organise and run the monthly Manufacturer meeting including the completion of dashboards on High Risk dealers, analysis of Manufacturer composite data, review of the stock situation across both the Manufacturer and individual dealers.
Support the Manufacturer in the appointment of new franchisees from an underwriting point of view and ensure the appropriate set up is performed in a timely manner in liaison with other internal departments.
Maintain a good relationship with effective lines of communication with the manufacturer
Undertaking site visits (when necessary) to interview business owners / directors, obtaining relevant financial and non-financial information in order to provide recommendations to the appropriate underwriting authority.
Analysis and consideration of the retail performance of the dealer.
Structure and negotiate security arrangements in support of lending proposals including acting as the main point of contact with the legal advisors / solicitors etc.
Ensure compliance with the conditions of any sanction prior to the release of funds.
Support investigation and solving of any potential operational issues.

PERSON SPECIFICATION:

Experience in a Financial Services environment with knowledge of underwriting, deal structuring and client facing situations.
Familiarity with bureau data sources and external data useful to credit underwriting.
Strong numerical and analytical skills with an understanding of the key financial ratios.
In-depth knowledge of the Motor Finance sector or similar vendor finance environment would be a distinct advantage.
Strong all round PC skills.
Experience of relationship management with senior internal and external stakeholders including an OEM would be highly desirable.

We strongly favour applicants with proven relevant experience in Financial Services; particularly in Motor Finance or Asset Finance and Leasing.

Consultant : Katherine Amin