Wholesale Funding Associate

Hyundai Capital • Irvine, CA

2d • Hybrid

About The Position

The Wholesale Funding Associate will support Hyundai Capital America’s floorplan dealer portfolio including processing of flooring and auction requests, customer support on the Dealer Access module of the wholesale management system and maintenance of dealer credit lines in the system. Assist in the day-to-day management of Non Floor Plan accounts including fleet, commercial mobility products (as required), real estate and working capital loans. In addition, provide general administrative support for the Commercial Credit team.

Requirements

• Minimum 2-4 years’ related work experience in basic accounting reconciliation.
• Knowledge of inventory floor plan financing a plus.
• Bank or captive lender experience preferred.
• High School diploma or GED required.
• Proficient in Microsoft Office programs such as Word, Excel, Access, and Outlook.
• Proven detail-oriented working with monetary transactions.
• Strong written and verbal communication skills to work with dealers and internal departments.
• Team oriented, strong interpersonal skills.
• Must be able to multitask and perform multiple job functions simultaneously.

Nice To Haves

• Bachelor’s degree preferred.

Responsibilities

• Research and resolve accounting discrepancies.
• Process ACH rejection requests as required.
• Process returns and notify Credit Centers.
• Collaborate daily with the Accounting Department with respect to reconciliation, clearing transactions and open suspense items.
• Set up new floorplan accounts and new auctions within the wholesale management system including takeovers and takeouts.
• Process daily balancing to ensure all flooring transactions, ACH and wire disbursements are in balance and forwarded to HCA Accounting in a timely manner.
• Perform system testing as required in preparation for system updates/enhancements.
• Post batches interfaced by HMA and KMA into the wholesale management system and reconcile against HCA cash disbursement notifications.
• Process flooring of all non-Hyundai and non-Kia draft requests and reconcile to daily cash disbursement notifications.
• Process auction flooring requests and Dealer Direct (DAS) flooring requests daily according to department service level requirements.
• Review documentation to ensure no outstanding liens are present and title documents have been executed properly.
• Process funding and payment transactions for syndication accounts as required.
• Follow up with dealers and insurance companies to ensure insurance and coverages are adequate.
• Prepare Treasury Approval Request (TAPR) for wire transfers for syndication funding transactions.
• Process Enterprise vehicles and Rental Fleet funding, payment activities and daily balance reconciliation, account reporting and maintenance.

Benefits

• Medical, dental, and vision plans with no-cost and low-cost options
• Annual employer HSA contribution
• 401(k) matching and immediate vesting
• Vehicle purchase and lease discounts, plus monthly vehicle allowances by job level: o Associate / Sr. Associate: $350 o Manager / Sr. Manager: $600 o Director: $800 o Executive Director: $900 o VP or Above: $1,000
• 100% employer-paid life and disability insurance
• No-cost health and wellbeing programs, including a gym benefit
• Six weeks of paid parental leave
• Paid Volunteer Time Off, plus a company donation to a charity of your choice

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED