Overview
Who we are
Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for talented team members who want to Dream. Do. Grow. with us.
An important part of the Toyota family is Toyota Financial Services (TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a separate business entity, it is an essential part of this world-changing company- delivering on Toyota's vision to move people beyond what's possible. At TFS, you will help create best-in-class customer experience in an innovative, collaborative environment.
To save time applying, Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.
Who we’re looking for
Toyota Financial Services’ Legal Department is looking for a passionate and highly motivated Managing Counsel – Servicing.
The primary responsibility of this role is to provide advice on a broad array of consumer finance issues, including auto finance servicing and compliance with applicable state and federal laws and regulations.
Reporting to the Assistant General Counsel, the person in this role will support the Legal department's objective to provide sound legal advice various business units.
This position is based in Plano, Texas. The selected candidate will be expected to reside within commutable distance of this location.
What you’ll be doing
Partnering with the servicing operations to evaluate, develop and implement consistent and strategically-sound policies, practices, and procedures
Monitor and advise the servicing operations on developments and changes in state and federal laws and regulations
Partnering with Compliance, Risk Management and Audit in a variety of areas, including state and federal regulatory examinations and inquiries, complaint analysis and root cause determinations
Evaluating, researching, and advising on pilots and strategic initiatives in the mobility finance space
Drafting consumer servicing notices, consumer servicing letters, and other legal documents
Managing the review and implementation of servicing processes and consumer communications in response to business needs and regulatory changes
Drafting and updating the company’s online policies and agreements and electronic communication consents
Reviewing and analyzing business practices and proposals for compliance with federal and 50 state laws and regulations governing the servicing and collection of consumer loans and leases secured by personal property
What you bring
Juris Doctor from an accredited law school
Currently licensed to practice law in any of the 50 states or the District of Columbia and able to be licensed to practice law in the state of Texas within one year of hire
Experience: 5+ years of relevant legal experience in a similar field or industry
Added bonus if you have
Experience with: State and Federal debt collection laws, Servicemember Civil Relief Act (SCRA), Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), UCC Article 9, Bankruptcy, laws and rules governing payments (Reg. E. Nacha Rules, Visa/Mastercard Rules), and Reg AB
Experience in servicing and collection of consumer credit accounts
Experience in working with Risk Management, Compliance, and Audit Additional Certifications: ex. CPA or PMP
2+ years of experience working in-house or as external counsel advising lenders in the auto finance industry
What We’ll Bring
During your interview process, our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:
A work environment built on teamwork, flexibility and respect
Professional growth and development programs to help advance your career, as well as tuition reimbursement
Team Member Vehicle Purchase Discount
Toyota Team Member Lease Vehicle Program (if applicable)
Comprehensive health care and wellness plans for your entire family
Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute
Paid holidays and paid time off
Referral services related to prenatal services, adoption, childcare, schools and more
Tax Advantaged Accounts (Health Savings Account, Health Care FSA, Dependent Care FSA)
Relocation assistance (if applicable)
Belonging at Toyota
Our success begins and ends with our people. We embrace all perspectives and value unique human experiences. Respect for all is our North Star. Toyota is proud to have 10+ different Business Partnering Groups across 100 different North American chapter locations that support team members’ efforts to dream, do and grow without questioning that they belong.
Applicants for our positions are considered without regard to race, ethnicity, national origin, sex, sexual orientation, gender identity or expression, age, disability, religion, military or veteran status, or any other characteristics protected by law.
Have a question, need assistance with your application or do you require any special accommodations? Please send an email to talent.acquisition@toyota.com.
