Senior Auto Dealer Credit Underwriter

Santander US; Madison (WI); On-site; USD 86,000 - 145,000; Full time

Job summary

Santander US in Madison, WI seeks a Senior Underwriter to manage credit risk for a complex dealer group, underwriting safe and sound loans through thorough analysis of dealer financials, cash flow, and collateral. You'll ensure compliance with underwriting standards and bank regulations while driving timely decisions.

The role requires leadership in end-to-end underwriting processes, review of loan applications, and coordination with customers and internal partners to obtain data for robust

Qualifications

• Experience in accounting, financial analysis, credit structuring and commercial dealership credit underwriting.
• Experience evaluating credit risk, loan collateral, borrower financials, and lending requests within a commercial banking environment.
• Experience managing multiple priorities and complex files simultaneously in a fast-paced, team-oriented environment.
• Experience preparing reports, proposals, or credit findings with a high level of accuracy and attention to detail.

Responsibilities

• Independently underwrites and prepares accurate and concise proposals or modifications.
• Manages each annual renewal and/or new business loan requests with urgency, while multi-tasking on multiple proposals.
• Manages the complete end-to-end underwriting process to ensure timely and efficient processing of all annual renewals, modifications, and new business opportunities.
• Receives and reviews incoming loan application requests and supporting documentation delivered through managed electronic lending portals, queues, or other avenues of receipt.
• Analyzes financial statements, balance sheet, income statements, and cash flow of automotive dealerships, including company history, structure, and loan collateral.
• Analyzes collateral, credit, and loan risk. Monitors portfolio and reviews up to date financials. Interfaces with customers and internal line of business partners to obtain data to complete analysis.
• Reviews loan inquiries and respond to client requests.
• Reviews and manages past due and coming due loan reports.
• Utilizes cognitive thinking and properly applies line of business policies and guidelines.
• Reviews loan documents.
• Reviews credit memos completed by junior level staff before submission to department manager and senior management.

Skills

Financial analysis

Credit analysis

Underwriting

Portfolio monitoring

Microsoft Office 365

Loan documentation

Analytical thinking

Communication skills

Attention to detail

Time management

Customer service

Team collaboration

Mentoring

Education

Bachelor’s degree or equivalent

Job description

Santander US in Madison, WI seeks a Senior Underwriter to manage credit risk for a complex dealer group, underwriting safe and sound loans through thorough analysis of dealer financials, cash flow, and collateral. You'll ensure compliance with underwriting standards and bank regulations while driving timely decisions.

The role requires leadership in end-to-end underwriting processes, review of loan applications, and coordination with customers and internal partners to obtain data for robust