BMW Financial Services NA, LLC is one of the twenty-six worldwide subsidiaries of the Financial Services Division of BMW AG. Our momentum is moving at such a rapid pace that we continually exceed average international growth rates and we constantly create new opportunities for our employees worldwide. Be a part of our exciting growth by expressing interest in our Commercial Finance Credit Analyst position located at our Hilliard, OH office.
As a Commercial Finance Credit Analyst, you will be responsible for managing a commercial portfolio comprised of dealers or dealer groups typically with exposure up to $15 million. The underwriting will communicate the credit worthiness of existing, as well as new borrowers based on complex financial and risk analysis. In this role you will complete annual reviews for borrowers in assigned portfolio and underwrite new business requests as requested by Management. Underwriting includes, but is not limited to, collateral, audit performance, risk mitigation, ability to repay loans, market conditions, management depth and experience, ownership structure, total relationship exposure, risk rating and compliance with standards established at or subsequent to approval (i.e. covenants, reporting requirements). You will make lending recommendations based on underwriting analysis and credit risk guidelines.
The position will require you to track and ensure that monthly financial statements are received and spread, analyze monthly financial statements, including the calculation of key ratios to identify trends, address significant trends and changes with the Commercial Finance Credit Team Leader. On a quarterly basis, you will provide financial details of borrowers who are found to be in violation of financial covenants in addition to counterparties who are deemed to be of an elevated risk as determined by Management. You will monitor collateral filings for an assigned portfolio of borrowers, ensuring that no lapses in coverage transpire for borrowers with active loans, identify and remedy any gaps in collateral priority through remedies such as filing modifications, amendments or entering into or terminating intercreditor agreements, administer legal documentation including the follow up of open items with field staff and outside counsel, to ensure proper legal documentation is in place and current on all previous closings.
As the Credit Analyst you will coordinate the funding of new borrowers including drafting letters, payoff of existing floorplan sources, and the receipt of necessary data for the Commercial Finance Services – Wholesale Operations staff, recommend temporary or permanent changes in credit lines consistent with prescribed policies and procedures for all assigned borrowers, and ensure accuracy of credit lines as maintained on the wholesale accounting system for all assigned borrowers.
Join the BMW Financial Services team and enjoy a high-performance benefits package which includes:
• Company paid medical, dental and vision insurance
• Employee car program
• 401(k) savings plan
• Retirement Income Account (RIA)
Even more so than the generous compensation and benefits, the culture and values of BMW Financial Services make it the ultimate working environment. These values include such things as, Responsibility, Appreciation, Transparency, Trust, and Openness. We allow these values to guide the way we conduct ourselves and our business.
What are you waiting for? Put yourself in the driver’s seat of your career and apply for our Commercial Finance Credit Analyst position today!
- 6-12 months work experience (ex. Internship) in a Finance, Accounting, Credit Analysis/Underwriting, Commercial Lending or related field.
- External candidates must be open to domestic relocation within the next 3-5 years.
- Bachelor’s Degree or equivalent experience and/or certifications.
- Preferred area of study: Finance, Accounting or other related field of study demonstrating a competency in Finance and/or Accounting.