Karen Joly

Happy Valley,OR

Summary

Results-driven dealer financial services professional with 15+ years of experience managing automotive dealership relationships, specializing in wholesale (floorplan) financing. Ability to partner with dealer principals and finance leaders. Strong track record of building long-term relationships and exceeding portfolio performance goals.

Overview

years of professional experience

Work History

Sr. Business Control Specialist

Bank of America, NA

Lake Oswego, OR

10.2004 - Current

Portfolio management for automotive dealerships to align with business objectives and enhance overall performance.
Coordinated efforts with underwriting and credit departments to enhance efficiency in onboarding new business.
Managing flooring plan audits.
Collection of interest and flat charges.
Follow up with dealerships for payment of sold units and maturities.
Review and verify insurance policies to confirm proper coverage for collateral security.
Manage relationships with lenders to optimize onboarding procedures and enhance dealership payout efficiency.

Floor Plan Auditor

Bank of America

Happy Valley, OR

05.2009 - 10.2024

Perform floorplan field audits.
Reconciliation of missing units.
Document verification ensuring the dealership has proper documentation (MSO/Title) for all inventory.
Verifying that the dealerships are compliant and reporting my findings.

Education

High School Diploma -

Jersey Village High School

Jersey Village, TX

Skills

Wholesale / Floorplan Financing
Dealer Relationship Management
Portfolio Management

Assisting dealerships with floorplan related issues
Problem solving abilities
Building trust with our business partners

Timeline