Dealer Specialized Analyst presso Comerica Bank
Comerica Bank · Farmington Hills, Stati Uniti d'America · Onsite
- Professional
- Ufficio in Farmington Hills
Dealer Specialized Analyst
The Dealer Operations Compliance Analyst role ensures the Dealer Floor Plan loans are in compliance with the credit approval and loan documents, performing portfolio monitoring and reporting for loans, collateral and credit exceptions and internal and external user access audits. This position will collaborate with the National Dealer Services Team, Dealer Operations Processing Team, Corporate Credit and external customer.
Position Responsibilities:
Dealer Floor Plan and Portfolio Monitoring
- Preparation of cash draft letter documentation and submission and monitoring to manufacturers.
- Preparation or review current interest rates.
- Monitor Treasury Management service requests, perform required maintenance in the Dealer system and communicate with loan groups.
- Performs reconciliation and audit of vehicles for all new loan funding, including coordination the Dealer auditors, Relationship Manager and Loan Closing.
- Reconciles general ledger accounts to Dealer system, including required research and coordination with appropriate areas for resolution.
- Monitors and provides reconciliation of Dealer Operations impress accounts and Commercial Credit card for required replenishment and reimbursement.
- Monitors all suspense, self-reconciling and fee accounts for stale items and coordinates with the appropriate area for resolution.
- Preparation of monthly general ledger aging reports for suspense, self-reconciling and fee accounts.
- Perform application testing related to the compliance activities analyst.
- Communicate progress and deliverables.
- Performs DataScan (Wi & DAS) and Comerica Business Connect user access provisioning to our business partners and Dealer external customers.
- Collaborate and assist in process improvement opportunities or initiatives to improve to streamline processes, reduce risk or improve customer service.
- Escalate Webi related report issues to the business unit analyst/manager.
- Prepare and distribute Floor Plan portfolio / consolidated reporting and monitoring.
- Provide adhoc reporting to business unit as requested.
- Generate and distribute Webi application reports.
- Research and analyze data contained in Webi Reports/Work with LTS Reporting group.
Dealer Floor Plan Compliance
- Monitors incoming Dealer Loan maintenance requests, ensuring required loan document approvals are received, review for accuracy and appropriately update the dealer system.
- Reviews all new loans and determines required insurance and performs required follow up with insurance company, customer and lending unit for exceptions.
- Maintains insurance tracking reports, including consolidation and distribution of exception reports for deficient and expired insurance policies using Power BI Application. (Responsible for development efforts with LTS automation team)
- Preparation of consolidated National Dealer Services exceptions reports and distribution to lending units and credit.
- Reviews risking rating exceptions in the systems, performs required system updates and maintains reporting and distributes to credit and lending unit.
- Performs and maintains documentation for semi-annual user access audits, including engagement of business units and required management approvals are received.
- Monitors compliance of all required curtailment waivers, ensuring required approvals are obtained.
Risk Management
- Performs required departmental quality reviews and self-audits, including reporting to management and maintaining supporting documentation.
- Maintains all department records In accordance with Information Life Cycle Management policies.
- Participates in all internal, external and other risk examinations.
- Maintains procedures for all activities performed by the Compliance Analyst and coordinates with the Dealer Ops Procedure Governance representative.
