Credit & Portfolio Analyst II

ACV • Carmel, IN

1d • $64,000 - $74,000

About The Position

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 data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable. We are disruptors of the industry and we want you to join us on our journey.
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 uncapped vacation days, the greater of 3 paid sick days or in accordance with the applicable state or local paid sick leave law, 6 paid company holidays, 2 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)

Requirements

• Ability to read, write, speak, and understand English.
• Working knowledge of all ACV Auctions products and services.
• Working knowledge in various inventory finance software programs.
• Experience using a CRM software (preferably Salesforce).
• Experience in Risk & Loss mitigation.

Nice To Haves

• Bachelor’s Degree in business, finance, or accounting.
• 5 years industry or related experience.
• Prior work experience in the Auto Financial Service industry is preferred.
• Knowledge of automotive operations and/or auction experience preferred.

Responsibilities

• Actively and consistently support all efforts to simplify and enhance the customer experience.
• Review and assess floorplan accounts for potential risk by utilizing rubric according to business score, credit score, and other varying factors. Use systems to gather data and metrics to support assessments.
• Prepare, review, and submit documents required to secure floorplan accounts, including PMSI and UCC filings.
• Develop and implement solutions for continuous improvement in analysis, auditing, and managing risk related to floorplan portfolios.
• Maintain knowledge of financial best practices and federal, state, and local regulations as they apply to Floorplans and financing.
• Collect on daily NSF accounts. Prepare demand for payment letters on default accounts.
• Review and assess audit findings. Make recommendations for correction and risk mitigation.
• Submit default accounts to third-party collection agencies and/or to the Auction Insurance Agency.
• Gather and distill data to provide analysis of risk exposure and mitigation to management and internal stakeholders.
• Verify dealer documentation accuracy, including financial statements and supplemental records necessary for filing.
• Perform additional duties as assigned.

Benefits

• 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 uncapped vacation days, the greater of 3 paid sick days or in accordance with the applicable state or local paid sick leave law, 6 paid company holidays, 2 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)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level