Dealer Finance Funding Analyst

Summary

Responsible for analyzing and processing a significant volume of Retail Installment Contracts daily, prepared by our extensive network of dealerships, for input into our LOS and Core System. Acts as the single point of verification for all Retail Installment Contract data, and consumer application data within the Dealer Finance Department.

Education and Experience:

• Minimum requirement of a High School Diploma; Associates Degree from an Accredited Institution is preferred
• 1 to 2 years in a professional work environment required, preferably within a bank or financial institution work-setting
• Customer service experience preferred

Tasks Performed:

• Reviews contracts and documentation packages, including precise verification of all dealer contracts received, ensuring accuracy and completeness, in addition to adherence to applicable state laws within the Dealer Finance footprint. 
• Inputs data into our LOS from the Validation and Discounting functions, while cross-referencing Credit Application, Decision Notification, and Retail Installment Contract data. 
• Communicates identified discrepancies conditions of approval/counteroffers, while collecting any recognized items needed to achieve same-day-funding, and communicates with internal business partners including, but not limited to, Indirect Lending Management, Dealer Relationship Managers, Operations, LDCC, Call-Center, Accounting, Verification and Scanning, and Systems Development.
• Exhausts the problem inventory resolution phase on each contract, whenever possible.
• Prepares daily General Ledger Entries in our Core System, and calculation of Dealer Reserves. Maintains logs for tracking discrepancies/problem inventory associated with dealerships. Answers inquiries from our Dealer Network, including, but not limited to, Indirect Lending Policy where applicable, Rate Sheet clarification where needed, current Dealer Finance Rate Promotions.
• Data enters Roll-Its manually enters all information for auto-approved contracts meeting specific requirements. Prepares documents for loan payments and payoffs and processes Hold/Release Forms, while communicating with the applicable internal and external business partners where required.