Indirect Underwriter I

Fifth Third Bank; United States; Remote; USD 44,000 - 84,000; Full time

Job summary

An established industry player is seeking a detail-oriented Indirect Underwriter to join their dynamic team. In this role, you will analyze funding packages, ensuring accuracy and compliance while providing exceptional service to both internal and external clients. Your ability to navigate complex situations and build strong relationships will be key in resolving issues and facilitating timely funding. This position offers a unique opportunity to contribute to a collaborative environment where your analytical skills will shine and your efforts will directly impact customer satisfaction. If you thrive in a fast-paced setting and are passionate about consumer lending, this could be the perfect fit for you.

Qualifications

• 2 years of experience in Consumer Lending or related industry.
• Strong interpersonal and communication skills required.

Responsibilities

• Analyze funding packages from Indirect Auto Dealers for errors.
• Review documents to support credit decisions and verify applications.
• Develop business relationships to resolve and fund contracts.

Skills

Consumer Lending

Analytical Skills

Interpersonal Skills

Communication Skills

Organizational Skills

Education

College degree in Business or Finance

Tools

ACAPS

Job description

Make banking a Fifth Third better

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION: Responsible for analyzing and reconciling Indirect Auto Loan files presented for funding that contain errors or exceptions to program guidelines.

Direct responsibility to review and underwrite secured indirect lending products installment loans across multiple states, Affiliates or geographic regions. Responsible for analyzing loan packages and working with external customers (Dealership Finance & Insurance Managers, Sales Managers, and General Managers) as well as internal customers (Auto Underwriters and Indirect Sales Representatives) to resolve errors and/or exceptions so loan packages can be funded timely to meet SLA guidelines. Provides superior quality service to internal and external customers (Dealership FI Finance & Insurance Managers, Affiliates, and vendors). Supports process improvements, business objectives, and accepts additional projects as assigned.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Analyze funding packages submitted by Indirect Auto Dealers across multiple states, Affiliates, or geographic regions to identify errors or exceptions, analyze risk, and determine appropriate resolutions.
• Review documents supporting credit decisions (dealer contracts, verification of income, tax returns, etc.).
• Verify completeness and accuracy of credit applications.
• Formulate and communicate funding credit decisions (approve, decline, or counteroffer) in compliance with underwriting guidelines, compliance, and regulatory requirements.
• Develop business relationships and build rapport with customers to achieve mutual goals of resolving and funding contracts.
• Manage problem contract pipeline to meet business objectives.
• Review pipeline contracts to maximize production and meet service quality levels.
• Provide superior quality service and demonstrate professionalism at all times.
• Consumer Lending credit authority is aligned with guidelines and business needs.
• Review problem contracts and recommend decisions over their authority to their manager.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

• College degree in Business or Finance or equivalent work experience.
• 2 years of Consumer Lending or related industry experience.
• Strong interpersonal, written, and verbal communication skills.
• Ability to handle multiple tasks and meet deadlines in a fast-paced environment.
• Ability to interact with managers, build consensus, and motivate others.
• Strong analytical and organizational skills.
• Proficiency in computer skills.
• Strong working knowledge of ACAPS.

All duties and responsibilities are essential functions for which reasonable accommodation will be made. This description is not exhaustive; employees may be required to perform other job-related tasks as requested by their supervisor, subject to reasonable accommodation.

Position: Indirect Underwriter I
Total Base Pay Range: $44,300.00 - $83,700.00 USD annually
Location: Virtual, Texas 00000

Fifth Third Bank is committed to an inclusive culture and equal employment opportunity regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military or veteran status, or any other legally protected status.