Credit Analyst - Wachovia Dealer Services
Wachovia Dealer Services (Framingham/Worcester, Massachusetts)

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RESPONSIBILITIES:

Analyzes information received from credit applications and credit reporting agencies to make prudent credit decisions. Negotiates terms and conditions of loan decisions with dealers within established approval/exception guidelines, leveraging risk versus reward, to ensure credit quality and profitability. Makes exceptions to normal guidelines when necessary. Conducts customer interviews and investigations on non-prime credit applications to gather and document information pertaining to making credit decisions. Monitors dealer productivity and calls dealers for approvals and follow-up on pending contracts to increase capture and conversion ratios. Establishes dealer relationships by building rapport through telephone and field calls. Develops and analyzes credit goals and communicate strategies to dealers to accomplish said goals. Coordinates with Operations Department to examine and evaluate proper documentation for funding. Teams with collection department to resolve dealer collection issues. Actively participates in regularly scheduled staff meetings to communicate/share trends, P & P, goals, updates, and other pertinent information with associates and managers.

REQUIREMENTS:

Typically requires an applicable degree from a four-year college or equivalent, and a minimum of three plus years of related experience with a background in auto credit and/or collections preferred. Requires strong analytical and problem-solving skills with the ability to underwrite loans weighing risk for reward. Must be service oriented and possess strong written and verbal communication skills. Requires the ability to successfully negotiate business transactions with associated vendors. Requires a solid working knowledge of Wachovia Dealer Services Core Auto Lending practices, policies, and procedures. Requires thorough understanding of all state and federal regulations. Requires strong working knowledge of all Wachovia Dealer Services products and services. Requires novice skill level of computer usage to utilize the credit processing system, and to receive/transmit written communications with internal or external contacts.

SCHEDULE:

Mon-Fri 8:30am-5:30pm or 10:00am-7:00pm. Every other Saturday 9:00am-6:00pm, Sunday 12noon-5:00pm on a rotating basis which is approximately every 6 weeks.