Dealer Commercial Services Underwriter at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Banking, Automotive FinanceIndustries

Requirements

Bachelor's Degree or equivalent work experience in Finance, Accounting, Management, Economics or equivalent field. - Required
5+ Years Financial analysis, structuring, underwriting, and portfolio management. - Required
Commitment to excellent customer service – responds promptly to customer needs, professional interacts with customer
Extensive decision-making and analytical skills to evaluate information, determine risks, and consider the benefits
Communication skills, responds well to questions and demonstrates comfort with group presentations
Detail Oriented
Categorical understanding of the lending process
Capable of preparing findings reports
Ability to handle multiple files simultaneously
Ability to provide leadership in the market by being a positive contributor to the team including being a mentor to less experienced team members and embracing change
Takes initiative on projects and assignments, seeks alternate solutions when necessary
Self-starter with ability to work in a fast paced team-oriented environment

Responsibilities

Independently underwrites and prepares accurate and concise proposals or modifications for credit committee approval
Analyzes financial statements, balance sheet, income statements, and cash flow of automotive dealerships, including business history, structure and loan collateral
Monitors portfolio and obtains and reviews up to date financials
Interfaces with customers and internal line of business partners to obtain data to complete analysis
Manages each annual renewal and/or new business loan requests with the highest sense of 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
Reviews loan inquiries and responds to client requests
Reviews and manages past due and coming due loan reports

Skills

Key technologies and capabilities for this role

credit risk managementfinancial statement analysisbalance sheet analysisincome statement analysiscash flow analysisunderwritingcredit proposalsportfolio monitoringautomotive dealership financeloan collateral evaluation

Questions & Answers

Common questions about this position

What education is required for the Dealer Commercial Services Underwriter role?

A Bachelor's Degree or equivalent work experience in Finance, Accounting, Management, Economics or equivalent field is required.

What experience is needed for this underwriting position?

Candidates need 5+ years of financial analysis, structuring, underwriting, and portfolio management experience.

What key skills are required for this role?

The role requires commitment to excellent customer service, extensive decision-making and analytical skills, and strong communication skills including comfort with group presentations.

What is the company culture like at Santander?

Santander fosters an enriching environment focused on continuous learning, personal growth, collaboration with talented colleagues worldwide, engagement, and commitment to employee success.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What makes a strong candidate for this underwriter role?

Strong candidates will have a Bachelor's degree in a relevant field, 5+ years in financial analysis and underwriting, plus excellent customer service, analytical, decision-making, and communication skills.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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