Senior Commercial Underwriter

Toyota North America • Plano, TX

3d

About The Position

Toyota Financial Services' Dealer Lending Department is seeking a Senior Commercial Underwriter to underwrite complex dealer credit packages for Toyota, Lexus, and Mazda dealers nationwide. The role evaluates multiple packages per month, with loan requests ranging from $1 million to $500 million, including floorplan lines of credit, real estate loans, working capital loans, and revolving lines of credit. The position supports the department’s objective of maintaining its loan portfolio and reports to the Dealer Lending Manager.

The underwriter analyzes borrower financials, cash flows, credit risks, legal structures, guarantees, collateral, and loan documentation. The role also provides recommendations to credit approval authorities, works with TFS/MFS Legal, supports internal projects and process improvements, prepares management reports, and leads complex analyses and initiatives. It includes mentoring junior analysts and performing peer reviews.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related discipline, or equivalent working experience.
• At least 5 years of experience in financial analysis of commercial loan underwriting, including complex organizational structures, cash flow analysis, industry-standard financial ratios and covenants, and establishing loan collateralization.
• Experience presenting complex financial information and credit structures to a credit approval authority.
• Experience reviewing financial information against policies and procedures to identify credit risks and deviations from operational standards and recommend ways to mitigate credit and operational risk.
• Experience effectively leading department projects and initiatives while managing a workload of package underwriting.
• Knowledge of Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook.
• Must have authorization to work in the United States without Toyota immigration support or sponsorship now or in the future.

Nice To Haves

• Demonstrated proficiency using Crowe Navigator or a similar financial analysis program.
• Experience underwriting automotive dealer borrowers.

Responsibilities

• Analyze company-prepared financial statements, tax returns, and CPA-reviewed or audited financial statements to assess borrower liquidity, leverage, and capitalization.
• Reconcile bank statements, general ledger trial balances, and tax returns to the financial statements provided.
• Prepare cash flow analyses for proposed loans.
• Evaluate and determine the risk associated with credit requests and provide approval authorities with information supporting conclusions.
• Assess TFS risk based on financial information, loan security, and proposed corporate and personal guarantees.
• Review legal structures to determine ownership, guaranty, and collateralization considerations; consolidate information for multi-franchise and multi-corporation requests and identify interrelationships and potential problem areas.
• Review and analyze loan approval documentation, including buy/sell agreements, LLC and partnership documents, real estate documentation, and standard documentation for new wholesale relationships.
• Consult with TFS/MFS Legal regarding corrections or modifications to documents or approvals to support TFS risk management goals.
• Participate in internal TFS/Private Label Group projects involving system enhancements and process improvements.
• Prepare ad hoc reports for upper management and work with cross-departmental teams.
• Mentor and develop junior analysts, encouraging accuracy, continuous improvement, and professional growth.
• Conduct peer reviews to ensure work is accurate and complete and provide constructive feedback.
• Lead complex credit analyses and risk assessments for high-value dealer lending portfolios, providing expert guidance and final recommendations to management.
• Drive cross-departmental initiatives to improve lending processes, systems, and compliance standards in alignment with organizational risk management objectives.
• Lead Kaizen efforts and establish best practices to maintain high standards of accuracy and compliance.

Benefits

• Professional growth and development programs
• Tuition reimbursement
• Team Member Vehicle Purchase Discount
• Toyota Team Member Lease Vehicle Program, if applicable
• Comprehensive health care and wellness plans for the entire family
• Toyota 401(k) Savings Plan with a company match and an annual retirement contribution, if applicable
• Paid holidays and paid time off
• Referral services related to prenatal services, adoption, childcare, schools, and more
• Tax-advantaged accounts, including Health Savings Account, Health Care FSA, and Dependent Care FSA
• Relocation assistance, if applicable

What This Job Offers

• Job Type: Full-time
• Career Level: Senior