Dealer Commercial Services Underwriter

Santander • Dallas, TX

1d • Onsite

About The Position

Santander is a global leader and innovator in the financial services industry, evolving into a technology-driven organization. The Dealer Commercial Services Underwriter is responsible for evaluating and managing credit risk for dealership floorplan, revolving, term, and real estate financing. This includes monitoring dealer performance and audits, approving and adjusting credit lines based on trends, detecting and investigating high-risk activity or fraud, complying with lending policies and internal guidelines, and recommending risk mitigation strategies or corrective action for underperforming accounts. The role involves independently underwriting, structuring, and preparing credit proposals, renewals, and modifications for credit committee approval, analyzing complex financial statements, and managing the full end-to-end underwriting process for new business, annual renewals, and loan modifications to ensure timely, efficient execution. The Underwriter also monitors assigned portfolio performance, reviews loan inquiries, collaborates with clients and internal partners, manages multiple assignments simultaneously, and proactively manages past-due and upcoming loan maturities.

Requirements

• Bachelor’s degree in Finance, Accounting, Management, Economics, or a related field, or equivalent work experience.
• 5+ years of experience in accounting, financial analysis, credit structuring and commercial underwriting.
• Financial statement analysis, including balance sheet, income statement, and cash flow evaluation.
• Credit underwriting, structuring, and risk assessment for complex commercial relationships.
• Portfolio monitoring and credit file management.
• Preparation of clear, well-documented credit and findings reports.
• Working knowledge of commercial lending processes and credit policies.
• Strong analytical and decision-making skills with the ability to assess risk and evaluate trade-offs.
• Excellent written and verbal communication skills, including comfort presenting to groups.
• High attention to detail with strong organizational and time-management capabilities.
• Ability to manage multiple priorities simultaneously in a fast-paced, team-oriented environment.
• Customer-focused mindset with a commitment to responsiveness and professional interaction.
• Self-starter who takes initiative, adapts to change, and seeks alternative solutions when needed.

Nice To Haves

• 5+ years of commercial portfolio management.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Evaluate and manage credit risk for dealership floorplan, revolving, term, and real estate financing.
• Monitor dealer performance and audits.
• Approve and adjust credit lines based on trends.
• Detect and investigate high-risk activity or fraud.
• Comply with lending policies and internal guidelines.
• Recommend risk mitigation strategies or corrective action for underperforming accounts.
• Independently underwrite, structure, and prepare clear, accurate credit proposals, renewals, and modifications for credit committee approval.
• Analyze complex financial statements, including balance sheets, income statements, cash flow, business history, ownership structure, and loan collateral for automotive dealerships.
• Manage the full end-to-end underwriting process for new business, annual renewals, and loan modifications to ensure timely, efficient execution.
• Monitor assigned portfolio performance by obtaining, reviewing, and analyzing up-to-date financial information and risk indicators.
• Review loan inquiries and respond promptly to client and internal partner requests with well-supported credit recommendations.
• Collaborate directly with customers and internal line of business partners to gather required data and clarify financial or structural considerations.
• Manage multiple underwriting assignments simultaneously while meeting deadlines and maintaining a high level of accuracy.
• Review and proactively manage past-due and upcoming loan maturities to support portfolio quality and risk mitigation.

Benefits

• Fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits designed to support you, your family and your well-being, now and into the future.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees