Credit Manager Job at Navistar, Inc.

Navistar, Inc. Lisle, IL 60532

Position Overview:
Navistar has a great opportunity for a Credit Manager – Navistar Financial Corporation.

The Credit Manager will be responsible for performing complete, accurate, and thorough credit underwriting for customers seeking to finance their acquisition of Navistar trucks and buses.

This position will have credit approval authority and will be focused on credit analysis for fleet customers.
Responsibilities:
  • Daily interaction with dealers and customers regarding credit requests
  • Perform financial analysis on existing and potential new customers
  • Complete credit memo templates in a clean, accurate, and professional manner
  • Make recommendations regarding credit decisions to NFC Credit Management
  • Exercise credit approval authority consistent with NFC’s dual signature policy
  • Communicate credit decisions to internal and external parties
  • Ensure compliance with all company reporting policies such as risk ratings, scorecards, and periodic credit reviews
  • Collect and gather standard due diligence and KYC information
  • Review documentation to ensure all required documents are complete and accurate
  • Ensure loans and leases are properly documented and the liens are perfected
  • Lead document negotiation with customers and dealers
  • Develop and coordinate training for credit team
  • Educate dealers on credit and documentation requirements
  • Assist management in creation and update of policies, procedures, and desktop manuals
  • Assist in remediating post funding documentation exceptions
  • Support the Credit Director with special requests and projects
  • Oversee performance of fleet analysts on the team
Minimum Requirements:
  • Bachelor’s degree
  • At least 5 years of accounting or finance experience
OR
  • Master’s degree
  • At least 4 years of accounting or finance experience
OR
  • At least 8 years of accounting or finance experience
Additional Requirements:
  • Qualified candidates, excluding current Navistar employees, must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. Navistar does not anticipate providing employment related work sponsorship for this position (e.g., H-1B status)
Desired Skills:
  • 8+ years of credit underwriting experience on transactions or lines exceeding $5 million, preferably in transportation sector
  • Preferred supervisory experience / team leader
  • Strong analytical skills, business writing skills and proficiency with software programs including Excel, PowerBi and Moody’s CreditLens
  • Ability to work independently and within a team environment
  • Ability to effectively communicate with C-level executives and the President/Owners of fleet customers and Navistar dealerships
  • Knowledge of transportation industry and related credit policies and procedures
  • Knowledge of financial statement ratio analysis, finance and lease documentation, insurance, and lien perfection
  • Ability to assess credit risk of customers with large exposure levels
  • Ability to effectively prioritize workloads which include multiple transactions
Company Overview:
Navistar, Inc. (“Navistar”) is a purpose-driven company, reimagining how to deliver what matters to create more cohesive relationships, build higher-performing teams and find solutions where others don’t.

Based in Lisle, Illinois, Navistar or its subsidiaries and affiliates produce International® brand commercial trucks and engines, IC Bus® brand school and commercial buses, all-makes OnCommand® Connection advanced connectivity services, and Fleetrite®, ReNEWeD® and Diamond Advantage® brand aftermarket parts.

With a history of innovation dating back to 1831, Navistar has more than 14,500 employees worldwide and is part of TRATON SE, a global champion of the truck and transport services industry. Additional information is available at www.Navistar.com.
Accelerating the Impact of Sustainable Mobility:
Visit us at www.Navistar.com to discover more about our organization

Navistar is an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

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