As the auto industry continues to pick up speed, lenders are accelerating hiring efforts.
What types of employees are lenders looking to add? Based on an informal survey of postings from multiple job sites, along with LinkedIn and individual lender sites, companies are scouting out sales folks to navigate expansion into new territories, collection execs to deal with rising delinquencies, and IT gurus to handle increasing tech initiatives.
Westlake Financial Services, for one, has 95 jobs listed on its website, about a third of which are for dealer account managers. Toyota Financial Services is advertising 22 jobs, including a forecast analyst for consumer delinquency, a couple internal auditors, and some treasury staff. Pelican Auto Finance and Capital One Auto Finance, among others, are looking to hire sales managers for many of their territories. And Ally Financial, Chase Auto Finance, SAFCo, and Wells Fargo are just a handful of others looking to fill spots.
Competition is already stiff in the auto finance space; seems like it will only get tougher as lenders battle it out for new hires.
