Dealer Credit Wholesale & Financial Audit Manager

About Us:

Who is Mercedes-Benz Financial Services?
Mercedes-Benz Financial Services, part of the global company Mercedes-Benz Mobility AG is the captive financing and mobility solutions company of the global luxury automobile manufacturer, Mercedes-Benz AG. We offer a comprehensive range of automotive financial and insurance products that make it easy for our customers to drive their dream Mercedes-Benz vehicle.  
 
Why work at Mercedes-Benz Financial Services?
Working at Mercedes-Benz Financial Services is more than a job – it’s an opportunity to join an innovative team where you are valued for your contributions. As an employee, you will experience career development in a positive, employee-centric environment. We’re a global company that not only offers best-in-class products to our customers but also best-in-class benefits to our employees. Our employees experience a comfortable, friendly environment and relaxed, inclusive culture.   

Benefits

When working at Mercedes-Benz Financial Services, you will enjoy a comprehensive and amenity-rich benefits package offering something for every employee at each stage of their life. 

As a new employee, you will have the opportunity to take advantage of the following benefits that go beyond – beginning day one:

Get Rewarded! Competitive salary plus an annual bonus based on company performance and/or personal yearly performance  

Need a vacation? How about just some time for YOU! In addition to our vacation time, you’ll receive fifteen (15) additional corporate holidays, which will allow you to celebrate religious holidays or escape to the spa! Designed to be flexible, we let you decide which days are most important to you!

Ride in Style - All employees are eligible to participate in the Mercedes-Benz Employee Lease Program

We want you to be healthy!  Outstanding medical, dental, and vision insurance, employer-paid short and long term disability plus on-site exercise facilities

Is your family growing?  Enjoy generous paid Family Leave Programs  - Six Weeks for New Parents; Adoption Expense Reimbursement Programs - up to $6k per child  

Want to go back to school?  Tuition Assistance Scholar Program - receive up to $8k in vouchers to complete business-related coursework

• $6k for undergraduate
• $8k for graduate

Job Overview:

Manage the wholesale inventory audit process to minimize the risk and exposure of Mercedes-Benz Financial Services wholesale dealers and to ensure that sold units are paying off timely, as well as to determine the accuracy of the wholesale balance line.
Perform financial statement analysis and fleet lease line compliance reviews of dealerships in order to provide an unbiased evaluation of the audit subjects for lending purposes. 
Financial and Wholesale audits are conducted to determine the integrity of the customers’ financial reporting, the security of MBF’s collateral interest and the accuracy of the wholesale portfolio. 

Responsibilities:

• Manage wholesale internal audit results to ensure that audit policies and global products have been properly followed. Responsible to correct and close audits by adhering to Global product and Credit rules and waiving audits when deemed necessary. Prepare all closing documentation and make recommend to Credit managers actions needed to remedy discrepancies and audit findings based on guidelines and business needs. Initiate audit procedure changes when required based on feedback from dealers and Dealer Credit. Discuss critical audit results and recommendations with senior management and VP’s based on internal escalation process. Prepare follow-up audit procedures for unsatisfactory audits and troubled Dealers by aligning approach with Dealer Credit managers. Depending on severity of previous audit results and if  audit results were escalated to senior managers or VPs, alignment will take place with senior management or VPs. Key Contact person at dealership is dealership’s CFO. All relevant findings and appropriate recommendations are communicated and agreed upon with CFO. Based on the size of the Dealer the contact person can also be an appointed controller by the CFO. Manage take-over audits by coordinating internal auditors s