Funding Analyst

NBT Bank • Norwich, NY

87d • $17 - $22

About The Position

The Funding Analyst is 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. This role acts as the single point of verification for all Retail Installment Contract data and consumer application data within the Dealer Finance Department.

Requirements

• 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.
• 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 fast-paced, team-oriented environment while maintaining a high level of accuracy.

Nice To Haves

• Ability to exhibit willingness to cooperate with internal/external business partners.
• Ability to resolve interpersonal conflicts quickly while maintaining a big-picture vision.
• Portray leadership characteristics that enhance team morale and overall value proposition.

Responsibilities

• Review contracts and documentation packages, ensuring accuracy and completeness, and adherence to applicable state laws.
• Input data into the LOS from the Validation and Discounting functions, while cross-referencing Credit Application, Decision Notification, and Retail Installment Contract data.
• Communicate efficiently with dealerships to clear identified discrepancies and conditions of approval/counteroffers.
• Exhaust the problem inventory resolution phase on each contract to contribute to the expeditious funding process.
• Prepare daily General Ledger Entries in the Core System and calculate Dealer Reserves.
• Maintain logs for tracking discrepancies/problem inventory associated with dealerships.
• Answer inquiries from the Dealer Network regarding Indirect Lending Policy and current Dealer Finance Rate Promotions.
• Data enter Roll-Its for auto-approved contracts meeting specific requirements.
• Prepare documents for loan payments and payoffs and process Hold/Release Forms.
• Participate in career development initiatives to expand knowledge base of Indirect Lending.
• Engage in short and long term projects varying in scope and complexity.
• Perform other duties as assigned by Management, including preparation of reports on daily contract volume.

Benefits

• 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 overall health and well-being.
• Flexible Spending Accounts: For healthcare and dependent care expenses.
• Employer-Paid Disability Coverage: Both short-term and long-term.
• Life Insurance: Employer-paid basic life insurance.
• Voluntary Benefits: Including hospital, accident, and critical illness coverage.
• Retirement Plans: 401(k) plan with employer matching and pension plan.
• Adoption Assistance: Supporting your growing family.
• Tuition Reimbursement: Invest in your education and career growth.
• Employee Assistance Program (EAP): Access to support and resources.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED