Senior Dealer Finance Representaitve (Temporary up to 12 months)
Top Benefits
About the role
Why FirstOntario?
- Competitive compensation packages
- Top-tier health and wellness benefits, including comprehensive benefits packages
- Enhanced mental health benefits through SunLife and TELUS Health
- Exclusive banking benefits
- Pension Plan
- Up to $1000 per year towards professional development
- Company-wide Employee Volunteer program (Blue Wave Program)
- Employee and Family Assistance Program
Job Overview
The Senior Dealer Finance Representative with lending limits is responsible for reviewing dealer finance-generated credit applications and providing prompt service to dealerships.
Role
In the role, you will be responsible for the following:
- Receive, process, and review all applications with special attention to near and non-prime applications from dealers through the loan system, referring any loans not approved by the system or within Letter of Authority to Manager, DFC or Delegate for their review/approval
- Interpret rate sheets, and experience in pricing in a non-prime environment
- Perform all duties including overrides within guidelines outlined in your "Letter of Authority"
- Promptly manage relationships with dealerships; including handling all incoming calls and inquiries
- Ensure all loans are secure prior to being advanced
- Diligently complete daily tracking and follow up on pending deals
- Conduct investigations and research as it is needed to support applications
- Provide dealership correspondence in a timely manner
- Communicate with members if any fraud warnings arise
- Support team to ensure maximum efficiency in delivering member service
- Adhere to policies and procedures at all times, as amended from to time
- Assist with cross training and job shadowing in all areas within the department
- Consider healthsafety as a primary concern to ensure the overall well-being of yourself and others
- Perform other duties as assigned
Required Skills and Qualifications
- Completion of Grade 12 or equivalent
- 5+ years Credit Union/other Financial Institution experience specific to dealer finance loans with a minimum of 1-2 years proven experience in non-prime lending;
- Ability to interpret rate sheets, and experience in pricing in a non-prime environment
- Competent knowledge of Microsoft Office Suite including Excel and equivalent banking and lending platforms.
- Proven experience reviewing loans within assigned Letter of Authority including higher risk based lending limits
- Work within established departmental hours including Saturdays and extended hours to meet Member service needs
- Strong understanding of credit lending and loan proofing with experience in near and non prime lending
- Must have superior interpersonal communication and negotiation skills
- Inherently demonstrate a high level of integrity and trustworthiness
- Must be able to work well with minimum supervision
- Ability to effectively problem solve to find creative and beneficial solutions
- Ability to work in a high volume fast paced environment while being flexible and adaptable to changing priorities
- Be able to take action in difficult and challenging situations and deal with uncertainty
- Ability to identify and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and procedures
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.
This posting is for an existing vacancy.
Not the right fit? Search for Dealer Finance Representaitve jobs in Hamilton, ON
About FirstOntario Credit Union
When you do your everyday transactions, borrowing and investing with FirstOntario, you’re not just a member, you’re an owner. By joining FirstOntario, you become part of a special kind of organization – one that shares its profits and decision-making with the people who use its services.
With FirstOntario, you have a relationship with decision-makers from your own community, and you have a say in how we’re governed.
Today, FirstOntario Credit Union serves more than 115,000 Members with a full suite of banking products and has 29 locations serving 14 communities within the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford regions.
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Senior Dealer Finance Representaitve (Temporary up to 12 months)
Top Benefits
About the role
Why FirstOntario?
- Competitive compensation packages
- Top-tier health and wellness benefits, including comprehensive benefits packages
- Enhanced mental health benefits through SunLife and TELUS Health
- Exclusive banking benefits
- Pension Plan
- Up to $1000 per year towards professional development
- Company-wide Employee Volunteer program (Blue Wave Program)
- Employee and Family Assistance Program
Job Overview
The Senior Dealer Finance Representative with lending limits is responsible for reviewing dealer finance-generated credit applications and providing prompt service to dealerships.
Role
In the role, you will be responsible for the following:
- Receive, process, and review all applications with special attention to near and non-prime applications from dealers through the loan system, referring any loans not approved by the system or within Letter of Authority to Manager, DFC or Delegate for their review/approval
- Interpret rate sheets, and experience in pricing in a non-prime environment
- Perform all duties including overrides within guidelines outlined in your "Letter of Authority"
- Promptly manage relationships with dealerships; including handling all incoming calls and inquiries
- Ensure all loans are secure prior to being advanced
- Diligently complete daily tracking and follow up on pending deals
- Conduct investigations and research as it is needed to support applications
- Provide dealership correspondence in a timely manner
- Communicate with members if any fraud warnings arise
- Support team to ensure maximum efficiency in delivering member service
- Adhere to policies and procedures at all times, as amended from to time
- Assist with cross training and job shadowing in all areas within the department
- Consider healthsafety as a primary concern to ensure the overall well-being of yourself and others
- Perform other duties as assigned
Required Skills and Qualifications
- Completion of Grade 12 or equivalent
- 5+ years Credit Union/other Financial Institution experience specific to dealer finance loans with a minimum of 1-2 years proven experience in non-prime lending;
- Ability to interpret rate sheets, and experience in pricing in a non-prime environment
- Competent knowledge of Microsoft Office Suite including Excel and equivalent banking and lending platforms.
- Proven experience reviewing loans within assigned Letter of Authority including higher risk based lending limits
- Work within established departmental hours including Saturdays and extended hours to meet Member service needs
- Strong understanding of credit lending and loan proofing with experience in near and non prime lending
- Must have superior interpersonal communication and negotiation skills
- Inherently demonstrate a high level of integrity and trustworthiness
- Must be able to work well with minimum supervision
- Ability to effectively problem solve to find creative and beneficial solutions
- Ability to work in a high volume fast paced environment while being flexible and adaptable to changing priorities
- Be able to take action in difficult and challenging situations and deal with uncertainty
- Ability to identify and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and procedures
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.
This posting is for an existing vacancy.
Not the right fit? Search for Dealer Finance Representaitve jobs in Hamilton, ON
About FirstOntario Credit Union
When you do your everyday transactions, borrowing and investing with FirstOntario, you’re not just a member, you’re an owner. By joining FirstOntario, you become part of a special kind of organization – one that shares its profits and decision-making with the people who use its services.
With FirstOntario, you have a relationship with decision-makers from your own community, and you have a say in how we’re governed.
Today, FirstOntario Credit Union serves more than 115,000 Members with a full suite of banking products and has 29 locations serving 14 communities within the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford regions.