Automotive Commercial Underwriter

About the role

The Automotive Commercial Underwriter at Stellantis Financial Services (SFS) is responsible for completing financial analysis for floorplan acquisitions and other associated commercial lending, including real estate. They ensure appropriate security measures are recommended and maintain UCC filings. The role involves direct package decisioning, presenting package details, and conducting periodic account reviews.

Responsibilities

• Analyze the financial condition of dealerships via financial statements, tax returns, CPA statements, general ledgers, trial balances, account schedules, and bank statements.
• Ensure appropriate security (guarantees, collateralization) are recommended per 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.
• Maintain 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 regarding the financials, line amounts, loan structure, or any other relevant facets of the loan.
• Own UCC filing process, ensuring legal security matches that defined in the credit package.
• Conduct periodic account reviews and maintenance.
• Perform other ad hoc duties as assigned.

Qualifications & Competencies

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

• Sit, use hands to finger, handle, or feel; reach with hands and arms; talk or hear.
• Occasionally lift and/or move up to 10 pounds.
• Close vision required.

Work Environment

• Moderate noise level in the work environment.

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.