Wholesale Funding Associate
Wholesale Funding Associate
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Job Description
Who We Are
Through our service brands Hyundai Motor Finance Genesis Finance and Kia Finance Hyundai Capital America offers a wide range of financial products tailored to meet the needs of Hyundai Genesis and Kia customers and dealerships. We provide vehicle financing leasing subscription and insurance solutions to over 2 million consumers and businesses. Embodying our commitment to grow innovate and diversify we strive to reimagine the customer and dealer experience and launch innovative new products that broaden our market reach. We believe that success comes from within and are proud to support our team members through skill development and career advancement. Hyundai Capital America is an Equal Opportunity Employer committed to creating a diverse and inclusive culture for our workforce. We are a valuesdriven company dedicated to supporting both internal and external communities through volunteering philanthropy and the empowerment of our Employee Resource Groups. Together we strive to be the leader in financing freedom of movement.
We Take Care of Our People
Along with competitive pay as an employee of HCA you are eligible for the following benefits:
Medical Dental and Vision plans that include nocost and lowcost plan options
Immediate 401(k) matching and vesting
Vehicle purchase and lease discounts plus monthly vehicle allowances
Paid Volunteer Time Off with company donation to a charity of your choice
Tuition reimbursement
What to Expect
The Wholesale Funding Associate will support Hyundai Capital Americas 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 daytoday 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.
What You Will Do
1. Daily Floorplan Dealer Portfolio Activity
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 nonHyundai and nonKia 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.
2. Prepare Treasury Approval Request (TAPR) for wire transfers for syndication funding transactions.
3. Process Enterprise vehicles and Rental Fleet funding payment activities and daily balance reconciliation account reporting and maintenance.
What You Will Bring
Minimum 24 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.
Bachelors degree preferred.
Proficient in Microsoft Office programs such as Word Excel Access and Outlook.
Proven detailoriented 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.
Work Environment
Employees in this class are subject to extended periods of sitting standing and walking vision to monitor and moderate noise levels. Work is performed in an office environment.
The posted salary range for this job takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; geographic location and other business and organizational needs. Successful candidates may be hired anywhere in the salary range based on these factors. It is uncommon to hire candidates at or near the top of the range.
California Privacy Notice
This notice only applies to our applicants who reside in the State of California.
If you have any questions about CCPA regarding California residents or HCA team members please contact the Privacy Team at .
Required Experience:
IC
Employment Type
Full-Time
