Dealer Services Wholesale Credit Portfolio Manager

2 weeks ago


Virginia Beach, Virginia, United States TowneBank Richmond Full time
Job Title: Dealer Services Wholesale Credit Portfolio Manager

At TowneBank Richmond, we are seeking a highly skilled Dealer Services Wholesale Credit Portfolio Manager to join our team. As a key member of our credit team, you will be responsible for managing the quality, profitability, and risk profile of our wholesale credit portfolio.

Key Responsibilities:
  • Coordinate with credit administration to ensure the portfolio is aligned with our risk management strategies.
  • Analyze dealership financial statements to identify potential risks and make recommendations to management.
  • Prepare and present credit packages for new clients, providing recommendations to management on creditworthiness.
  • Ensure accurate and timely inventory renewals and financial reports.
  • Compile supporting documentation for inventory financing and analyze portfolio performance.
  • Prepare monthly reports on portfolio outstanding and risk level.
  • Review documentation to ensure quality, accuracy, and completeness.
  • Manage field inventory and working capital audits, interacting with clients to resolve discrepancies or violations.
  • Monitor inventory activities, credit lines, balances, payoff trends, and over lines daily to ensure compliance with company policies and minimize risk/losses.
  • Protect collateral by inspecting and evaluating dealer inventory, reviewing dealer journals and logs, and reconciling with the controller to ensure compliance with company standards and procedures.
  • Review audit results with the controller or general manager and advise on audit violations.
  • Use information analyzed in financial statements, inventory trends, and audit reports to make recommendations for credit.
Requirements:
  • Excellent organizational and communication skills.
  • Demonstrated analytical ability and strong attention to detail.
  • Understanding of commercial credit and commercial and dealer lending principles.
  • Ability to analyze commercial financial statements, draw conclusions, and make recommendations as needed.

We are an equal opportunity employer and welcome applications from qualified candidates. Please note that we do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, or any other protected characteristic.



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