Dealer Admin Representative (AFC Philadelphia)

Description Automotive Finance Corporation (AFC) is the premier capital funding source for the used car industry. Founded in 1987 and based out of Carmel, Indiana, AFC's commitment to the success of our customers, our employees, and our company have made us the largest independent provider of dealer floorplanning in North America.

With approximately 85 strategically located branch offices servicing dealers at more than 500 auctions throughout North America, AFC provides outstanding customer service and solutions to the independent dealer's unique business needs. AFC stands for Integrity, Teamwork, Loyalty and Commitment, which is focused on achieving success for their employees and customers.

Go ahead and Put Your Career in the Fast Lane with AFC...

 
Job Summary:

A Dealer Administrative Representative (DAR) is a front line employee who provides financial services to customers (dealers/auctions) within a specific geographic area. Through frequent, direct contact with customers, DARs complete a variety of administrative and customer service tasks aimed at increasing revenues and minimizing losses. The DAR must develop competence in the technical aspects of loan processing (floorplanning) and securing and monitoring loans.

Responsibilities and Duties:

1. Administer Dealer Contracts, including Process Credit Applications; Temporary Increases; Submit Over Line Requests; Line Modifications and Term Changes; Add or Remove Signor Name, Entity and Address Changes; Conduct Annual Reviews of Dealers; Termination of Floorplan.

2. Develops a thorough understanding of AFC policies, processes and procedures relative to loan processing (floorplanning) and securing the loans.

3. Uses spreadsheet and other automated or manual processes to prepare required documentation and reports.
4.  Lot check reconciliations

Core Elements:

4. Uses automated or manual processes to monitor dealer transactions, apply payments from dealers, account for property used to secure loans, and to document business activities (i.e. over credit line).

5. Communicates potential loss situations to Branch Manager as soon as identified. Assists in efforts to take possession of vehicles or other property used to secure loans and acts as AFC’s agent/representative in legal matters, as required.

6. Understands the applicable laws and codes for their assigned geographic area and operates in compliance with them.

Job Qualifications:

Education: Some post high school course work in related field is preferred, not required.

Experience: Prior work experience in financial services industry is preferred, not required.

Knowledge and skill: Familiarity with concepts, procedures and processes typically used in automotive and financial services industries. Good organizational, clerical and verbal communication skills. Facility with numbers.

Licenses, certifications: Motor vehicle operator (required); notary (desired)
 
AFC offers a comprehensive compensation package including, paid vacation, medical, dental and vision insurance, tuition reimbursement and 401K.

Equal Opportunity Employer (M/F/D/V)