What are the responsibilities and job description for the Dealer Finance Funding Analyst position at NBT Bank?
Pay Range: $18.50 - $23.42
Responsible for analyzing and processing a significant volume of Retail Installment Contracts daily, prepared by our extensive network of dealerships, for input into our LOS and Core System. Acts as the single point of verification for all Retail Installment Contract data, and consumer application data within the Dealer Finance Department.
Education and Experience:
Some Saturday and holiday hours may be required. May require evening hours as volumes increase.
Tasks Performed:
At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success.
Wellbeing
At NBT, we value and support your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally.
Community Involvement
NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace.
Culture
NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired, and valued.
Career Development
Whether you’re just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential.
Total Rewards
NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance-based incentives – ensuring you feel valued every step of the way.
Business Stability
NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We've weathered the market's ups and downs for over 165 years, all while charting a well-defined growth plan.
Benefits for Full-Time Employees:
Responsible for analyzing and processing a significant volume of Retail Installment Contracts daily, prepared by our extensive network of dealerships, for input into our LOS and Core System. Acts as the single point of verification for all Retail Installment Contract data, and consumer application data within the Dealer Finance Department.
Education and Experience:
- Minimum requirement of a High School Diploma; Associates Degree from an Accredited Institution is preferred
- 1 to 2 years in a professional work environment required, preferably within a bank or financial institution work-setting
- Requires entry level/basic professional skills or knowledge, with the preference of 1-2 years of experience outlined
- Customer service experience preferred
- Basic to Intermediate PC Skills, including all Microsoft Applications (primarily Excel/Word), and strong data entry skills.
- Basic Accounting skills and firm mathematical skills.
- Ability to work efficiently and effectively within a face-paced, team-oriented environment while maintaining a high level of accuracy.
- Ability to exhibit the willingness to cooperate with internal/external business partners, resolve interpersonal conflicts quickly while maintaining a big-picture vision of oneself and the team, and portray leadership characteristics that enhance the team morale and overall value proposition of the Dealer Finance Department.
- Sustain a professional appearance, attitude/demeanor, and communication at all times.
Some Saturday and holiday hours may be required. May require evening hours as volumes increase.
Tasks Performed:
- 60% Reviews contracts and documentation packages, including precise verification of all dealer contracts received, ensuring accuracy and completeness, in addition to adherence to applicable state laws within the Dealer Finance footprint. Precisely inputs data into our LOS from the Validation and Discounting functions, while cross-referencing Credit Application, Decision Notification, and Retail Installment Contract data. Communicates efficiently and effectively with dealerships to clear identified discrepancies conditions of approval/counteroffers, while collecting any recognized items needed to achieve same-day-funding, and communicates with internal business partners including, but not limited to, Indirect Lending Management, Dealer Relationship Managers, Operations, LDCC, Call-Center, Accounting, Verification and Scanning, and Systems Development.
- 15% Exhausts the problem inventory resolution phase on each contract, whenever possible, to contribute to the expeditious funding process, and reduce total problem inventory on a daily basis. Prepares daily General Ledger Entries in our Core System, and calculation of Dealer Reserves. Maintains logs for tracking discrepancies/problem inventory associated with dealerships. Answers inquiries from our Dealer Network, including, but not limited to, Indirect Lending Policy where applicable, Rate Sheet clarification where needed, current Dealer Finance Rate Promotions.
- 10% Data enters Roll-Its manually enters all information for auto-approved contracts meeting specific requirements. Prepares documents for loan payments and payoffs and processes Hold/Release Forms, while communicating with the applicable internal and external business partners where required.
- 10% Participates in career development initiatives to expand knowledge base of Indirect Lending, including, but not limited to, specific required bank trainings, external coursework/training opportunities, and the Junior Underwriting Program. Engages in short and long term projects varying in scope and complexity, special initiatives, etc.
- 5% Performs other duties as assigned by Management, including, but not limited to, preparation of reports that yield key statistics with regard to daily contract volume, including aggregation of new contract volume received, determination of the percent of new contracts deemed as problem inventory, and routine analysis of problem contract reports to ascertain dealership concentrations and problem type concentrations.
- Communicate effectively with internal and/or external customers
- Stationary 75% of time or greater
- Move Objects to Maximum 10 lbs
At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success.
Wellbeing
At NBT, we value and support your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally.
Community Involvement
NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace.
Culture
NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired, and valued.
Career Development
Whether you’re just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential.
Total Rewards
NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance-based incentives – ensuring you feel valued every step of the way.
Business Stability
NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We've weathered the market's ups and downs for over 165 years, all while charting a well-defined growth plan.
Benefits for Full-Time Employees:
- Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.
- Parental Leave: Six weeks of paid leave at 100% of your salary.
- Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
- Dental and Vision Coverage: Ensuring your overall health and well-being.
- Flexible Spending Accounts: For healthcare and dependent care expenses.
- Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.
- Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.
- Voluntary Benefits: Including hospital, accident, and critical illness coverage.
- Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
- Adoption Assistance: Supporting your growing family.
- Tuition Reimbursement: Invest in your education and career growth.
- Employee Assistance Program (EAP): Access to support and resources.
- Pet Insurance: For all your furry friends.
- Financial and Banking Services: Various banking services benefits and financial planning assistance.
- Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
- Dental and Vision Coverage: Ensuring your overall health and well-being.
- Voluntary Benefits: Including hospital, accident, and critical illness coverage.
- Generous Parental Leave: Six weeks of paid leave at 100% of your salary.
- Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future
- Paid Sick and Safe Leave: For your health and safety.
- Employee Assistance Program (EAP): Access to support and resources.
- Financial and Banking Services: Various banking services benefits and financial planning assistance.
Salary : $19 - $23