Senior Commercial Credit Underwriter – Dealer Finance

Santander•Raleigh, NC

2d•$86,250 - $145,000

About The Position

Santander Dealer Commercial Services (DCS) delivers integrated capital and banking solutions to automotive dealers nationwide. The Senior Underwriter manages credit risk and a portfolio of complex multi-dealer groups, underwriting loans through analysis of dealer financial statements, cash flow, corporate tax returns, collateral, and industry and economic trends. The role ensures lending decisions comply with the organization's underwriting standards and applicable bank regulations. The Senior Underwriter independently prepares proposals and modifications, and manages the end-to-end underwriting process for annual renewals, modifications, and new business. The role reviews loan requests and documentation, monitors portfolio performance, responds to loan inquiries, and works with customers and internal partners to complete analyses. It also reviews loan documents and credit memos prepared by junior staff.

Requirements

Bachelor’s degree in Finance, Accounting, Management, Economics, or a related field, or equivalent work experience.
At least 9 years of experience in accounting, financial analysis, credit structuring, and commercial dealership credit underwriting.
Experience evaluating credit risk, loan collateral, borrower financials, and lending requests in a commercial banking environment.
Experience managing multiple priorities and complex files in a fast-paced, team-oriented environment.
Experience preparing reports, proposals, or credit findings accurately and with attention to detail.
Knowledge of financial statement analysis, including balance sheets, income statements, cash flow statements, and corporate tax returns.
Knowledge of credit analysis, loan structuring, underwriting, and portfolio monitoring.
Proficiency with Microsoft Office 365 products, including Excel, PowerPoint, Word, Teams, and Outlook.
Loan documentation review and report preparation skills.
Analytical thinking and sound decision-making.
Strong written and verbal communication skills.
Detail orientation and accuracy.
Ability to manage multiple priorities and meet deadlines.
Customer service orientation and professional stakeholder engagement.
Initiative, adaptability, and a collaborative, team-first mindset.
Ability to mentor less experienced team members and contribute positively to the team.
Must be legally authorized to work in the United States full-time without employer sponsorship.

Nice To Haves

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

Responsibilities

Manage credit risk and a portfolio of complex multi-dealer groups.
Underwrite loans by analyzing dealer financial statements, cash flow, corporate tax returns, collateral, and relevant economic and industry trends.
Ensure loans comply with underwriting standards and applicable bank regulations.
Independently underwrite and prepare accurate, concise proposals and modifications.
Manage annual renewals and new business loan requests with urgency while handling multiple proposals.
Manage end-to-end underwriting for annual renewals, modifications, and new business opportunities.
Receive and review loan applications and supporting documentation through electronic lending portals, queues, and other channels.
Analyze dealership financial statements, company history and structure, and loan collateral.
Assess collateral, credit, and loan risk; monitor the portfolio and review up-to-date financial information.
Work with customers and internal business partners to obtain information needed for analyses.
Review loan inquiries and respond to client requests.
Review and manage past-due and upcoming-due loan reports.
Apply business-line policies and guidelines using sound judgment.
Review loan documents.
Review credit memos prepared by junior staff before submission to department and senior management.