Automotive Commercial Underwriter

First Investors Financial Services, Inc.; Dallas (TX); Hybrid; USD 90,000 - 120,000; Full time

Job summary

Stellantis Financial Services, Inc (SFS) in the Dallas area is seeking an Automotive Commercial Underwriter to perform financial analysis for floorplan acquisitions and related lending, including real estate. You will assess credit packages, communicate risks, and coordinate with SFS Legal to protect interests.

Responsibilities include underwriting dealership loans from financial statements, ensuring security, presenting packages to the appropriate authority, managing UCC filings, and

Qualifications

• Bachelor's degree in business administration, finance or related field.
• Minimum 5 years in automotive financial services.
• Minimum 2 years automotive commercial underwriting.
• Experience with dealership ownership structures and credit packages.

Responsibilities

• Underwrite commercial loan requests by analyzing dealership financials.
• Ensure appropriate security via guarantees and collateral.
• Present package details to the required authority level.
• Manage UCC filing process and verify legal security.
• Coordinate with stakeholders through underwriting process.
• Review loan documentation prior to funding.
• Conduct periodic account reviews and maintenance.
• Handle ad hoc duties as assigned.

Skills

Dealership ownership structures

Cash flow analysis

Pro forma forecasting

Written and verbal communication

Interpersonal skills

MS Office (Excel, Word, PowerPoint)

Education

Bachelor's degree in business administration, finance or related

Tools

DataScan

Docusign

Salesforce

Credit reporting

OFAC

Customer due diligence

Job description

Stellantis Financial Services (SFS) is the new captive finance company for one of the world's leading automakers and a mobility provider with iconic brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.

Our exciting growth provides opportunities to advance your career as we successfully lead products and services from a small to mid-size company in just a few years. Join our world class team and culture and contribute to our core mission which is enhancing our customer's experience.

This is a hybrid position. Must have reliable transportation and live within a commutable distance to Dallas, TX

Position Summary:

The Automotive Commercial Underwriter completes financial analysis for floorplan acquisitions and other associated commercial lending, including real estate. Responsible for facts of commercial credit packages, including clear communication of risks and any recommended mitigation strategies, consulting with SFS Legal to protect SFS interests, maintenance of UCC filings, and review of loan documentation prior to funding.

Responsibilities:

• Underwriting commercial loan requests by analyzing the financial condition of the dealerships via financial statements, tax returns, CPA statements, general ledgers, trial balances, account schedules, bank statements, or any other necessary documentation
• Ensure appropriate security (guarantees, collateralization) are recommended per both the risk profile and ownership structure of the dealership
• Direct package decisioning to the appropriate authority level per SFS policy
• Present, communicate package details as required by that authority level, including recommendation
• Own UCC filing process, ensuring legal security matches that defined in the credit package
• Timely and clear communication with key stakeholders through the underwriting process
• Obtain answers to any questions re: the financials, line amounts, loan structure, or any other relevant facets of the loan
• Maintain customer focus throughout the underwriting process; no shortcuts and beware of timing and relevance of requests of dealers to the final product
• Final review of loan documentation and take-over audit prior to loan funding
• Conduct periodic account reviews and maintenance
• Perform other ad hoc duties as assigned

Qualifications & Competencies Required:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Experience:

• Minimum 5 years’ experience in automotive financial services
• Minimum 2 years’ automotive commercial underwriting experience

Education:

• Bachelor’s degree in business administration, finance or related

Skills Required:

• Excellent understanding of dealership entity legal ownership structure and clear, concise explanation of those structures
• Strong knowledge of cash flow analysis and pro forma forecasting and scaling
• Strong written and oral communication, problem-solving, critical thinking, teamwork, and time management abilities
• Good interpersonal and customer service skills
• Proficient Microsoft Office skills in Excel, Word, and PowerPoint

Additional:

• Overtime required – N/A
• 0-10% travel as required on an as needed basis.
• Experience - Commercial risk management and/or commercial lending. Extensive experience interacting with dealers preferred
• Skills - Knowledge of web-based tools such as DataScan, Docusign, Salesforce, credit reporting, OFAC, and customer due diligence products preferred

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand; walk and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Work Schedule:

This position requires the ability to work various shifts to accommodate business needs. Typically, between the hours of 8AM-6PM Monday through Friday and on weekends as needed. Travel is required 10% of the time.

Stellantis Financial Services, Inc (SFS) is an equal opportunity employer and is committed to providing its employees an environment that is free of harassment, discrimination, and intimidation. It is the policy of SFS to comply with all applicable employment laws and regulations and to provide equal opportunity for all qualified persons and to not discriminate against any employee or applicant for employment because of race, color, religion, sex, age, national origin, disability, pregnancy, sexual orientation, veteran status, gender identity or expression, change of sex, and/or transgender status or any protected status. Candidates must possess authorization to work in the United States. This policy applies to recruitment and placement, promotion, training, transfer, retention, rate of pay and all other terms and conditions of employment. Employment and promotion decisions will be based solely on merit, ability, achievement, experience, conduct and other legitimate business reasons.

An applicant must be authorized to work in the United States to be eligible for this position. Stellantis Financial Services, Inc. will not sponsor applicants for work visas of any type for this position.