Credit Systems & UCC Supervisor

BMW Group•Woodcliff Lake, NJ

21d•Hybrid

About The Position

At the BMW Group, everything starts with passion. It turns a profession into a vocation. It drives us to keep reinventing mobility and bring innovative ideas onto the roads. Enthusiasm for joint projects turns a team into a strong unit where every opinion is valued. It is only when expertise, highly professional processes and enjoyment of work unite that we can shape the future together. The Credit Systems & UCC Supervisor is responsible to assist with all credit, collection, and due diligence activities related to wholesale activity including but not limited to vehicle, motorcycle and parts sales to dealerships. Responsibilities will also include ensuring BMW NA’s security interest, in all collateral, is filed timely, amended and/or continued as needed. WHAT AWAITS YOU.

Requirements

Bachelor’s Degree preferably in Business Administration, Finance, Accounting or Economics.
8+ years of experience in credit and collections with expertise on the Uniform Commercial Code.
SAP, MS Excel, MS Word, MS Teams, MS Sharepoint, MS Outlook, Uniform Commercial Code, LexisNexis, CSC or other lien filing service, Quiktrak or other inventory inspection service, Financial Statement Analysis, and Credit Reporting like Dun and Bradstreet/CreditSafe.

Responsibilities

Ensure timely collection and payment for vehicles and parts sold to automotive and motorcycle dealers.
File liens (UCC) on all locations to secure BMW’s collateral.
Review daily motorcycle inventory inspection reports to ensure collateral is verified and to mitigate out of trust situations.
Perform due diligence on new and existing dealers (owner/operators) when prospective candidates or buysells are proposed. This includes processing of credit applications, reviewing credit reports, financial statements, bank/brokerage statements, and tax returns.
Handle and administer Irrevocable Letters of Credit when necessary to mitigate additional credit risk.
Update risk ratings and assist with determining the quarterly allowance for doubtful accounts.
Address issues and investigate possible enhancements related to Credit Department reporting capabilities and system interfaces.
Act as liaison between Credit Department and IT for User Acceptance Testing (UAT) and process documentation on major projects/systems conversions when they come up.
Oversee online payment service and work with vendor (“Stripe”) to address any processing or payment issues.
Assist with repossession activities if and when needed.