We’re currently looking for a Commercial Credit Manager to join our team at in Irving, Texas.
This role will be responsible for:
- Manages the day-to-day activities of the Commercial Credit support team. Oversees actions supporting insurance compliance, the signage program, and post credit approval processes.
- These activities include overseeing the preparation of Floorplan and loan (Capital, RLOC, & Mortgage) documentation as well as tracking and reporting for Commercial Insurance accounts and Uniform Commercial Code Filings for compliance purposes to minimize risk of loss to the company.
- Provide Leadership to the team to encourage support actions and communication with Sales Team in approach to meet dealer needs and examine/develop opportunities for process improvements.
Job functions include but are not limited to:
- Manages the documentation and funding process. Coordinates line/loan booking and funding with the Legal, Accounting, Treasury, Inventory Control, Wholesale Processing, and Special Credit Departments.
- Manages the collateral perfection process including maintenance and compliance tracking of Uniform Commercial Code filing portfolio for initial security interest filing and continuation, when appropriate.
- Negotiates intercreditor agreements with third party lenders to ensure NMAC is properly collateralized. Manages the security protection process of obtaining and tracking insurance confirmation and continuation.
- Develops commercial programs to assist the company and parent in achieving competitive programs to meet company goals. This includes coordination and assisting with the Nissan Signage program.
- Provides periodic reporting to management on portfolio. Lead and develop the team to explore opportunities to improve processes and gain technical knowledge on legal documents.
- Has nonexempt through journey-level exempt subordinates or contractors. Supervises and provides leadership, coaching, guidance, training and staff development; interviews and selects unit employees; plans and evaluates employee performance; recommends merit increases, transfers and promotions; counsels and disciplines employees as necessary; recommends termination when appropriate; and monitors time and attendance of subordinates.
- Working knowledge of Uniform Commercial Code (UCC) and commercial insurance coverages, plus commercial credit practices.
- Understanding and comfort with accounting/finance, financial statement structure, real estate, cash flow, and credit/riskunderwriting topics. Excellent analytical thinking; oral/written communication; interpersonal; organization, and presentation skills. Ability to interface with all levels of management.
- Proficiency in commercial credit/riskunderwriting and real estate lending a plus.
- Seven or more years of directly related professional level experience. Two or more years in a full supervisory role, providing leadership, coaching, guidance and training and contributing to staff development.
- Bachelor’s degree in a related discipline. Working knowledge of word processor, spreadsheet, other PC applications, or mainframe applications to produce non-standard, creative products.