Credit Manager

This is a key role in Volkswagen Bank (VWB) and as Credit Manager, you will be responsible for the effective Credit Management and Assessment of all aspects of lending for Volkswagen Bank Branch. Your role is to manage the approval (voting process) of the Corporate Dealer portfolio alongside the General Manager - Credit Assessment (Back Office), plus the management of those accounts that are in Problem Loan Management (PLM) and Intensified Loan Management (ILM) as defined by the OMEB handbook. You will have a strong focus on risk mitigation and will do this by managing the credit risk, reputational risk and strategic alignment to Volkswagen Group and Volkswagen Bank GmbH

You will lead negotiations with external agencies for non-performing loans (PLM & ILM) to ensure that VWB's losses are minimised

What's in it for you?

Salary ranging from £43k subject to experience and working 35 hours per week. On top of that you'll also receive an excellent benefits package including tax efficient company car from day one, 2 additional vehicles for family members after 6 months, annual discretionary bonus and salary review, 27 days holiday with the option to purchase more, access to various health & wellbeing services, private medical insurance after 6 months as well as career progression, professional development and access to LinkedIn Learning.

We also have a hybrid working model whereby colleagues can work a minimum of one day in the Milton Keynes office. Flexibility is expected and you can work in the office more if you'd prefer.

Here's a bit more on what your day might look like:

You will have the day to day management of the portfolio of PLM, ILM and Back Office voting including:

• The preparation of scheduled reviews
• Review of Credit packs following Front Office votes
• Management of Back Office votes in line with defined credit competencies. Plus working in collaboration with Risk Management colleagues in Germany on a Common Second Vote for those reviews that fall in to their competence
• Collation of ongoing borrower MI, including but not limited to, management accounts, composite submissions and Bank statements
• Liaison with PLM & ILM accounts regarding trading activity and performance vs. budget
• Liaison with key stakeholders (including Business Owners and Financial Directors.)
• Negotiation of credit limits and securities with borrowers, including liaison with other lenders and professionals
• Make recommendations to the PLM & ILM accounts regarding financial processes to ensure future trading and viability
• Liaison with Legal Services regarding PLM & ILM accounts. Including the enforcement of securities and risk mitigation activities within the legal framework of the wholesale funding arrangements
• Monitor the specific provisions of the PLM borrowers and ensure that all PLM dealers are provided for at an adequate level and within the overall parameters of OMEB
• Represent Marktfolge in the Dealer Risk and Franchise Review Meetings review meetings and provide updates regarding the current trading positions of all the PLM & ILM accounts
• Lead VWB's understanding of Insolvency processes, taking a proactive approach to managing key relationships with motor finance specialists (EY, Grant Thornton, KPMG, UHY Hacker Young etc.)
• Represent VWB at key stakeholder meetings usually arising as part of a funding group to pre-empt an insolvency process
• Act as a key point of liaison with VWG Network Development to ensure that VWB has a full understanding of VWG's planned activities for PLM & ILM accounts
• Review audit compliance reports in accordance with agreed procedures
• Some external customer visits may be required
• Liaison with the Front Office teams for Volkswagen Bank

This is what you'll bring to the role:

• You will already have experience in financial services, banking and / or motor industry
• Your experience will have been within a credit management / accounting and regulated environment
• You have a working knowledge and understanding of balance sheets, analysis of ratios and securities
• Ability to understand and interpret complex financial information, to make sound business and credit decisions
• Comfortable with ambiguity and you're able to make recommendations including, when you have incomplete information
• You have excellent interpersonal skills and can establish effective working relationships at all levels of the business and with Dealers
• Demonstrate a positive attitude and the confidence to challenge appropriately
• Strong negotiation skills, with the ability to influence decision-makers
• You have an agile approach and ability to keep up with the pace of change, learn fast and adapt to new conditions quickly and effectively
• You are tenacious in your approach and have focus and determination to get things done effectively, looking for solutions to overcome difficulties

About Volkswagen Bank

Volkswagen Bank customers are the Volkswagen Group Dealer network. We provide financial support to over 650 Dealers around the UK who are entrusted to sell the vehicles manufactured by our parent company. Our group is one of the UK's leading providers of automotive finance and working with some of the world's most iconic motoring brands, including Volkswagen, Audi and Porsche. Our people are the heart of our success and we go further to attract, motivate and retain the very best talent.

Volkswagen Financial Services and Volkswagen Bank are committed to being an inclusive employer and we welcome applications from everyone. Diversity and Inclusion is not just a statement for us and we are nurturing an environment where everyone can be their 100% self. If there is anything we can do to support you being your 100% self during our recruitment process, please let us know and we will support you as best we can.

Advert closes Friday 19th January