Funding Validation Officer - Automotive Finance (casual)

Is this role right for you?

In this role you will :

• Perform all verification activities related to approved Indirect Loans and Leases received for funding by : Completing the Contract Message Screen with making the necessary changes and accepting the details as per the documents provided;
• Verifying loan and lease documentation to Contract Message to ensure that all documents are included in the funding package from the dealer (application, Bill of Sale, pay stubs or other proof of income, insurance documents etc);
• Attaching the documents on the Validation Screen to each tab as required and adding additional documents if necessary. ( Example : Proof or Residency / Alternate Payor Form / Proof of Downpayment);
• Ensuring that any required Lending documents are sent to Lending to review prior to validating and funding the deal as per stip. ( Example : Proof of income / Corporate Search );
• Verifying vehicle insurance coverage and residence as required by the Indirect Retail Lending Policy Bulletin;

Verifying the validity and accuracy of Retail Credit Agreement or Retail Lease Agreement in all respects including verifying the collateral description in documents back to the Bill of Sale.

Escalating variances that are outside of Bank and / or Residual Value Insurer guidelines to the dealer and / or Funding Manager or Retail Lending with recommendation for rectification and / or approval prior to funding as needed to control the monetary risk to the Bank.

Adhering to Contract Variance Policy Guide

Maintaining a positive working relationship with Lending, Accounting and other DFC Staff in order to quickly and efficiently resolve issues / problems before they result in loss of a dealer’s retail business and negatively impacting the commercial business relationship.

Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Do you have the skills to succeed in this role? We’d love to hear from you if you have :

What's in it for you?

Working Conditions

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere