Sr Analyst, Floorplan Credit

If you are looking for a career at a dynamic company with a people-first mindset and a deep culture of growth and autonomy, ACV is the right place for you! Competitive compensation packages and learning and development opportunities, ACV has what you need to advance to the next level in your career. We will continue to raise the bar every day by investing in our people and technology to help our customers succeed. We hire people who share our passion, bring innovative ideas to the table, and enjoy a collaborative atmosphere. 
 
Who we are: 

ACV is a technology company that has revolutionized how dealers buy and sell cars online. We are transforming the automotive industry. ACV Auctions Inc. (ACV), has applied innovation and user-designed, data driven applications and solutions. We are building the most trusted and efficient digital marketplace with datasolutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable. We are disruptors of the industry and we wantyou to join us on our journey. ACV’s network of brands includes ACV Auctions, ACV Transportation, ClearCar, MAX Digital and ACV Capital within its Marketplace Products, as well as, True360 and Data Services.

 At ACV we focus on the Health, Physical, Financial, Social and Emotional Wellness of our Teammates and to support this we offer: 

• Multiple medical plans including a high deductible, low cost health plan
• Company-sponsored (paid) Short-Term Disability, Long-Term Disability, and Life Insurance 
• Comprehensive optional benefits such as Dental, Vision, Supplemental Life/AD&D, Legal/ID Protection, and Accident and Critical Illness Insurance 
• Generous paid time off options, including vacation time, sick days, Company holidays, floating holidays, parental leave, bereavement leave, jury duty leave, voting leave, and other forms of paid leave as required by applicable law or regulation 
• Employee Stock Purchase Program with additional opportunities to earn stock in the Company 
• Retirement planning through the Company’s 401(k)

Who we are looking for:

The Sr. Floorplan Credit Analyst is a highly skilled professional responsible for overseeing the credit analysis and underwriting functions related to floorplan financing. This role involves evaluating and managing high-stakes loan applications, making complex underwriting decisions and mentoring junior underwriters. The Sr. Floorplan Credit Analyst uses their expertise to assess various risks, handle high-value and high-complexity cases and ensure that the underwriting process aligns with company policies and industry regulations. The position requires extensive experience in credit analysis, strong leadership abilities, and a deep understanding of floorplan financing.

What you will do:

What you will need:

• Ability to read, write, speak and understand English.
• Bachelor’s degree in Accounting, Economics, or Business
• 5+ years of experience credit analysis, underwriting, or risk management, with a focus on floorplan financing.
• Exceptional ability to interpret complex data and make accurate risk assessments.
• In-depth understanding of underwriting software, industry-specific regulations, and advanced risk management practices.
• High level of accuracy and thoroughness when reviewing documentation
• Strong ability to communicate technical information effectively and to collaborate with internal and external stakeholders
• Experience in various inventory finance software programs.
• Working knowledge of Auto Dealer prepared statements and auto auctions preferred.
• Demonstrated experience in business accounting/financial statement concepts, procedures and process typically used in automotive and financial service industries.
• Ability to analyze tax returns, CPA audited, reviewed and dealer-prepared business financial statements for accounts that require a credit facility.
• Ability to perform cash flow analysis to determine accounts liquidity.
• Ability of self-reliance and prioritize workflow in heavy volume environment.
• Ability to analyze financial statements to determine profitability and financial ratios.
• Skill to review customer bank statements and identify credit related issues.
• Ability to assess and analyze personal financial statements.
• Analyze credit worthiness of principals including asset search examination.
• Knowledge of business documentation including Sole Proprietorships, S-Corps, C-Corps, Partnerships and Limited Liability Corporations. Holding Companies, etc.
• Knowledge of legal document preparation, including lease and loan documentation, security perfection, researching and documenting corporate information and statutes, corporate by-laws, signature authority protocol, etc.
• Ability to research and analyze UCC filings to determine collateral positioning of all filers and its effect on account risk.
• Proficiency with Microsoft Office Suite including Word, Excel, PowerPoint and Outlook, Google, Salesforce, etc. or comparable software application.
• Ability to mentor and guide junior team members fostering a collaborative and knowledgeable team environment

Compensation: $72,000 - $84,000 annually. Please note that final compensation will be determined based upon the applicant's relevant experience, skillset, location, business needs, market demands, and other factors as permitted by law.

No immigration or work visa sponsorship will be provided for this position.

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