Indirect Funding Coordinator

Cpcu/Sfcu•Norwich, CT

12d•Onsite

About The Position

The Indirect Funding Coordinator is responsible for overseeing the accurate, compliant, and timely funding of indirect auto loans through dealer networks. This role ensures adherence to credit union policies and procedures while serving as a subject matter expert for complex funding transactions and dealer-related funding matters.

Requirements

Bachelor's degree (B. A.) from four-year college or university, two to three years related experience and/or training; or equivalent combination of education and experience.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to analyze Federal tax returns.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Basic understanding of NCUA and other applicable operating regulations, and various changes in laws.
Strong attention to detail, organizational skills, and the ability to manage multiple priorities simultaneously in order to maintain expected service levels and funding turn-times.

Responsibilities

Overseeing the daily funding operations of Indirect lending program, ensuring timely, accurate, and compliant loan disbursements.
Reviewing loan packages to verify completeness, accuracy, and compliance, and determine the necessary steps required to complete processing and funding in a timely manner.
Collaborating with the Team Lead of Indirect to identify, develop, and implement process improvements, standard operating procedures, and training materials to improve efficiency, accuracy, and team performance.
Providing guidance, mentorship, and training team members on indirect funding policies, procedures, and best practices, promoting consistent application of procedures, regulatory compliance, and ongoing professional development within the team.
Processing and overseeing dealer reserve calculations, reserve payments, and reserve chargebacks, ensuring accurate execution of dealer reserve and loan disbursements.
Developing and maintaining strong professional relationships with existing dealers participating in the indirect lending program.
Corresponding with dealers to obtain all necessary contracts and supporting documentation to minimize funding delays and ensure loans are funded efficiently and accurately.
Preparing, maintaining, and distributing reports related to daily indirect loan funding activity.
Monitoring team workload and resource allocation to ensure department objectives, service levels, and funding deadlines are consistently met.
Engaging with Loan Operations regarding indirect quality control concerns, proactively identifying trends, addressing quality control issues, and implementing appropriate resolutions or corrective actions.
Ensuring adherence to all applicable regulatory requirements including, Fair Lending, Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and any other applicable federal, state, or regulatory requirements.
Maintaining compliance with all Credit Union policies, procedures, and regulatory guidelines.
Performing additional duties and responsibilities as assigned by management to support the overall success of the indirect lending program.