Dealer Specialized Analyst

Dealer Specialized Analyst
 
The Dealer Operations Compliance Analyst role ensures the Dealer Floor Plan loans are in compliance with the credit approval and loan documents, performing portfolio monitoring and reporting for loans, collateral and credit exceptions and internal and external user access audits. This position will collaborate with the National Dealer Services Team, Dealer Operations Processing Team, Corporate Credit and external customer.
 
Position Responsibilities:
Dealer Floor Plan and Portfolio Monitoring

• Preparation of cash draft letter documentation and submission and monitoring to manufacturers.
  
• Preparation or review current interest rates.
  
• Monitor Treasury Management service requests, perform required maintenance in the Dealer system and communicate with loan groups.
  
• Performs reconciliation and audit of vehicles for all new loan funding, including coordination the Dealer auditors, Relationship Manager and Loan Closing.
  
• Reconciles general ledger accounts to Dealer system, including required research and coordination with appropriate areas for resolution.
  
• Monitors and provides reconciliation of Dealer Operations impress accounts and Commercial Credit card for required replenishment and reimbursement.
  
• Monitors all suspense, self-reconciling and fee accounts for stale items and coordinates with the appropriate area for resolution.
  
• Preparation of monthly general ledger aging reports for suspense, self-reconciling and fee accounts.
  
• Perform application testing related to the compliance activities analyst.
  
• Communicate progress and deliverables.
  
• Performs DataScan (Wi & DAS) and Comerica Business Connect user access provisioning to our business partners and Dealer external customers.
  
• Collaborate and assist in process improvement opportunities or initiatives to improve to streamline processes, reduce risk or improve customer service.
  
• Escalate Webi related report issues to the business unit analyst/manager.
  
• Prepare and distribute Floor Plan portfolio / consolidated reporting and monitoring.
  
• Provide adhoc reporting to business unit as requested.
  
• Generate and distribute Webi application reports.
  
• Research and analyze data contained in Webi Reports/Work with LTS Reporting group.
  

Dealer Floor Plan Compliance

• Monitors incoming Dealer Loan maintenance requests, ensuring required loan document approvals are received, review for accuracy and appropriately update the dealer system.
  
• Reviews all new loans and determines required insurance and performs required follow up with insurance company, customer and lending unit for exceptions.
  
• Maintains insurance tracking reports, including consolidation and distribution of exception reports for deficient and expired insurance policies using Power BI Application. (Responsible for development efforts with LTS automation team)
  
• Preparation of consolidated National Dealer Services exceptions reports and distribution to lending units and credit.
  
• Reviews risking rating exceptions in the systems, performs required system updates and maintains reporting and distributes to credit and lending unit.
  
• Performs and maintains documentation for semi-annual user access audits, including engagement of business units and required management approvals are received.
  
• Monitors compliance of all required curtailment waivers, ensuring required approvals are obtained.
  

Risk Management

• Performs required departmental quality reviews and self-audits, including reporting to management and maintaining supporting documentation.
  
• Maintains all department records In accordance with Information Life Cycle Management policies.
  
• Participates in all internal, external and other risk examinations.
  
• Maintains procedures for all activities performed by the Compliance Analyst and coordinates with the Dealer Ops Procedure Governance representative.
  

Position Qualifications:

• High School Diploma/GED. Associate Degree in Business, Finance, Accounting preferred
• 4 years of experience servicing commercial or Dealer floor Plan loans
• 2 years of experience in Commercial loan experience with direct customer support
• 2 years of experience in Accounting, Finance or Audit

  Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days   Hours: 8:00am - 5:00pm Monday - Friday   Salary: To Be Determined Based on Individual Experience

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer – disability/veteran.

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