Dealer Commercial Services Underwriter

Santander Bank•Downers Grove, IL

50d•$65,625 - $107,500

About The Position

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! The Difference You Make: The Associate, Underwriter (IC5) is responsible for managing credit risk by reviewing and properly weighing all aspects of more complex/large relationships. The associate is a key resource for underwriters and loan originators for the Dealer Commercial Services line of business. Independently underwrites and prepares accurate and concise proposals or modifications for credit committee approval. Analyzes financial statements, balance sheet, income statements, and cash flow of automotive dealerships, including business history, structure and loan collateral. Monitors portfolio and obtains and reviews up to date financials. Interfaces with customers and internal line of business partners to obtain data to complete analysis. Manages each annual renewal and/or new business loan requests with the highest sense of urgency, while multi-tasking on multiple proposals. Manages the complete end-to-end underwriting process to ensure timely and efficient processing of all annual renewals, modifications, and new business opportunities. Reviews loan inquiries and responds to client requests. Reviews and manages past due and coming due loan reports.

Requirements

Bachelor's Degree or equivalent work experience in Finance, Accounting, Management, Economics or equivalent field. - Required.
5+ Years Financial analysis, structuring, underwriting, and portfolio management. - Required.
Commitment to excellent customer service - responds promptly to customer needs, professional interacts with customer.
Extensive decision-making and analytical skills to evaluate information, determine risks, and consider the benefits.
Communication skills, responds well to questions and demonstrates comfort with group presentations.
Detail Oriented.
Categorical understanding of the lending process.
Capable of preparing findings reports.
Ability to handle multiple files simultaneously.
Ability to provide leadership in the market by being a positive contributor to the team including being a mentor to less experienced team members and embracing change.
Takes initiative on projects and assignments, seeks alternate solutions when necessary.
Self-starter with ability to work in a face paced team-oriented environment.

Nice To Haves

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

Managing credit risk by reviewing and properly weighing all aspects of more complex/large relationships.
Independently underwrites and prepares accurate and concise proposals or modifications for credit committee approval.
Analyzes financial statements, balance sheet, income statements, and cash flow of automotive dealerships, including business history, structure and loan collateral.
Monitors portfolio and obtains and reviews up to date financials.
Interfaces with customers and internal line of business partners to obtain data to complete analysis.
Manages each annual renewal and/or new business loan requests with the highest sense of urgency, while multi-tasking on multiple proposals.
Manages the complete end-to-end underwriting process to ensure timely and efficient processing of all annual renewals, modifications, and new business opportunities.
Reviews loan inquiries and responds to client requests.
Reviews and manages past due and coming due loan reports.