Underwriter III

JPMorgan Chase

62d•Remote

About The Position

Chase Auto is a leading provider of auto financing with a portfolio of more than $80 billion in assets and relationships with 75% of U.S. franchised automotive dealers. The business is part of the JPMorgan Chase franchise and serves auto dealers, consumers, and vehicle manufacturers. It offers a range of products and services to meet the financial needs of its clients from retail lending, captive financing, and floorplan products to cash management, private banking, and payment processing. As an Underwriter III in Auto Finance, you will play a crucial role in reviewing policy and pricing exceptions and supporting daily operations. Your responsibilities will include structuring decisions to optimize profit and strengthen relationships, processing automobile applications with a focus on response time, application volume, and approval quality. You will aim to meet or exceed targets for return on equity (ROE), volume, conversion ratios, and other business metrics. Additionally, you will initiate sales calls, prepare written follow-ups when necessary, and provide prompt, accurate responses to both internal and external customer inquiries.

Requirements

5+ years of experience in auto credit.
Experience reviewing credit bureau reports.
Proficiency in credit decisioning and a solid understanding of consumer credit and relevant federal and state regulations.
Comprehensive knowledge of indirect loan, refinance, direct and lease programs, bank products, and services.
Expert knowledge of credit philosophy, policies, loan documentation, and related legal issues.
Thorough understanding of the bank's policies, procedures, products, and inherent risks.
Superior analytical skills with excellent written and verbal communication abilities.
Results-oriented with high personal initiative and proven leadership skills.

Nice To Haves

Experience in sales and/or leasing.
Proven ability to manage multiple tasks and projects in a fast-paced environment.
Experience collaborating with cross-functional teams to achieve common goals.
Strong interpersonal and communication skills for effective teamwork with diverse stakeholders.
Demonstrate judgment and decisiveness.

Responsibilities

Review credit applications and make credit decisions in compliance with credit policy requirements and regulations.
Assist in daily operations by reviewing policy and pricing exceptions.
Structure decisions to maximize profit and enhance relationships.
Process automobile applications, emphasizing response time, application volume, and approval quality.
Meet or exceed targets for ROE, volume, conversion ratios, and other business metrics.
Initiate sales calls and prepare written follow-ups as needed.
Provide prompt, accurate responses to customer inquiries.

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