Senior Underwriter, Commercial Underwriting
About The Position
The Senior Underwriter - Commercial Credit will be responsible for completing the financial analysis and related due diligence for extensions of inventory credit lines and other commercial loans (real estate, working capital, lines of credit) to current and prospective automotive dealership customers. The position requires the ability to perform in-depth analysis (including forecasting, cash flow and liquidity analysis, validation of financial records, credit investigations), use a proprietary risk modeling system, and make recommendations regarding the creditworthiness of the credit extension that mitigates risk and complies with corporate and regulatory policies and procedures. In addition, the Underwriter must provide a high level of customer service and will regularly communicate with key internal and dealership personnel.
Requirements
- 3+ years of experience
- High school Diploma or GED equivalent
- Strong financial analysis and analytic/problem solving skills required.
- Proficient in intermediate MS applications (Word, Excel, Access and PowerPoint).
Nice To Haves
- Undergraduate degree or equivalent training.
- Minimum four years of commercial credit underwriting or equivalent commercial lending experience preferred.
- Understanding of dealership and wholesale administration a plus.
Responsibilities
- Conducts detailed financial analysis on automotive dealership financial statements and supporting documentation, including data obtained from both internal and external sources.
- Prepares timely, formalized proposals summarizing the analysis, identifying any credit concerns and include recommendations for the credit extension.
- Completes reviews of UCC filings, insurance, licensing and other related items to document company compliance and ensure that guidelines are met.
- Interfaces and communicates with automotive dealership personnel and stakeholders to obtain all required information.
- Updates company records, reports, and risk modeling systems with information gathered during the underwriting review process.
- Executes other related responsibilities and projects as assigned.
- Participates in and supports ongoing professional development and training initiatives.
- Ensures compliance with company policies, procedures and external regulations.
- Provides training and mentorship to interns, new department hires and matrix partners.
- Participates on special assignments to improve processes and enhance department training material.
Benefits
- Market-competitive base pay
- Pay-for-performance incentives (bonuses)
- 20 paid time off days
- 11 paid holidays
- 8 hours of volunteer time off yearly
- Industry-leading 401K retirement savings plan with matching and company contributions
- Student loan pay downs
- 529 educational save up assistance programs
- Tuition reimbursement
- Employee stock purchase plan
- Financial learning center and financial coach access
- Flexible health and insurance options including medical, dental and vision
- Employee, spouse and child life insurance
- Short- and long-term disability
- Pre-tax Health Savings Account with employer contributions
- Healthcare FSA
- Critical illness, accident & hospital indemnity insurance
- Total well-being program
- Adoption assistance
- Surrogacy assistance
- Fertility assistance
- Paid parental leave
- Paid caregiver leave
- Dependent Day Care FSA
- Back-up child and adult/elder care days
- Childcare discounts
- Mentally Fit Employee Assistance Program
- Subsidized and discounted Weight Watchers® program
- Other employee discount programs
- Travel allowances
- Relocation assistance
- Signing bonus
- Equity
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
