Senior Commercial Credit Underwriter – Dealer Finance

Banco Santander•Dallas, WI

About The Position

Santander Dealer Commercial Services (DCS) provides automotive dealers nationwide with capital and banking solutions, including floorplan financing, syndicated lending, commercial real estate, treasury, and merchant services. The Senior Underwriter manages credit risk and a portfolio of complex multi-dealer groups, underwriting loans through review and analysis of dealer financial statements and cash flow. The role evaluates financing requests in light of the organization’s credit culture and current economic and industry trends, and ensures loans comply with underwriting standards and applicable bank regulations. The Senior Underwriter independently prepares accurate, concise proposals or modifications and manages annual renewals, modifications, and new business requests from receipt through processing. The position analyzes dealership financials, corporate tax returns, collateral, borrower credit, and loan risk; monitors the portfolio; and works with customers and internal partners to obtain information. The role also reviews loan documents, past-due and coming-due reports, and credit memos prepared by junior staff before submission to department management and senior management.

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 simultaneously in a fast-paced, team-oriented environment.
Experience preparing reports, proposals, or credit findings with a high level of accuracy and 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.
Ability to review loan documentation and prepare reports.
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.
Legal authorization to work in the United States full-time without requiring employer sponsorship to commence employment.

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.
Independently underwrite loans and prepare accurate, concise credit proposals or modifications.
Manage annual renewals, modifications, and new business loan requests through the end-to-end underwriting process.
Receive and review loan applications and supporting documentation submitted through electronic lending portals, queues, or other channels.
Analyze dealership financial statements, corporate tax returns, balance sheets, income statements, cash flow, company history, structure, and loan collateral.
Assess collateral, credit, and loan risk, applying business policies and guidelines and considering economic and industry trends.
Ensure loans comply with underwriting standards and applicable bank regulations.
Monitor the portfolio and review current financial information.
Work with customers and internal business partners to obtain information needed for analysis; review loan inquiries and respond to client requests.
Review and manage past-due and coming-due loan reports.
Review loan documents.
Review credit memos prepared by junior-level staff before submission to department management and senior management.
Mentor less experienced team members and contribute positively to the team.