Retail Credit Specialist

BMW Financial Services NA, LLC was established in 1993, supporting the sales and marketing of BMW products. We have expanded beyond traditional leasing, retail, and commercial financing to offer a broad variety of products tailored for BMW, MINI, and Rolls-Royce customers.

About the role

As a Retail Credit Specialist, you will underwrite $400 million in credit submissions annually and manage fleet credit line relationships up to $750K. You will balance risk management with portfolio growth by analyzing and interpreting consumer and business credit data while ensuring compliance with federal, state, and BMW Group Financial Services' regulatory requirements, including fair lending, Equal Credit Opportunity Act, Truth in Lending Act, Anti-Money Laundering, Financial Sanctions, Anti-Fraud management, Financial Abuse prevention, and Unfair, Deceptive, Abusive Acts and Practices (UDAAP).

Key responsibilities include:

• Analyzing consumer and business credit applications and credit reporting agency data to make prudent credit decisions.
• Collecting and analyzing documentation such as financial and income statements to decision business and fleet applications.
• Negotiating terms and conditions of application decisions with dealerships within established approval and exception guidelines to ensure credit quality and profitability.
• Mitigating risk through thorough analysis and verification tools.
• Escalating applications exceeding lending authority to Senior Credit Analysts, Managers, or Team Leaders.
• Communicating credit decisions and rationale to dealerships via telephone and well-documented stipulations, including recommending alternative options for declined applications.
• Structuring deals to mitigate risk while being responsive to dealership calls, emails, and voicemails.
• Maintaining and developing dealership relationships through telephone communication and in-person events.
• Supporting and promoting company cultural values, service standards, and goals.

Requirements

• Bachelor’s Degree or consistent work toward attainment, or equivalent experience and/or certification.
• 2+ years of finance experience or related education.

Preferred Qualifications

• Business degree with a concentration in Finance.
• 1-2 years of credit analysis experience.
• 1-2 years of collections experience.
• 1-2 years of dealer-facing experience.

Benefits

• Medical, Dental, and Vision insurance.
• 401(k) with company match and Retirement Income Account.
• Employee vehicle program.
• Bonus eligibility.
• Paid Parental Leave.
• Generous PTO and company-paid holidays.
• Voluntary benefits to fit your needs.

Pay

The pay range for this role is $50,300.00 - $83,000.00. The selected candidate’s education, skills, experience, and location will be used to determine the final salary offer. All pay ranges are based on a full-time work schedule.

Schedule

This is a hybrid role requiring regular attendance in the office. The position is located in Salt Lake City, Utah.