Senior Commercial Credit Underwriter – Dealer Finance

Senior Commercial Credit Underwriter – Dealer Finance

Country: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

What You Bring: Santander Dealer Commercial Services (“DCS”) delivers integrated capital and banking solutions to automotive dealers nationwide, including floorplan financing, syndicated lending, commercial real estate, treasury, merchant services, and other commercial banking capabilities.

Position Summary

The Senior Underwriter is responsible for managing credit risk and a portfolio of complex multi-dealer groups. They underwrites safe and sound loans in an expedient manner through a review process of analyzing and evaluating dealer financial statements and cash flow. They carefully assesses and evaluates the risk of financing requests within the framework of the organization's credit culture and current economic and industry trends. Analysis includes the review of corporate tax returns, as well as dealership financial statements to ascertain borrowers' financial position; ensures loans are in compliance with the organization's underwriting standards and all applicable bank regulations.

• Independently underwrites and prepares accurate and concise proposals or modifications.

• 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.

• 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.

What You Bring: 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.

Education

• Bachelor’s degree in Finance, Accounting, Management, Economics, or a related field, or equivalent work experience – Required.

Professional Experience

• 9+ years of experience in accounting, financial analysis, credit structuring and commercial dealership credit underwriting – Required.

• Experience evaluating credit risk, loan collateral, borrower financials, and lending requests within a commercial banking environment. – Required.

• Experience managing multiple priorities and complex files simultaneously in a fast-paced, team-oriented environment. – Required.

• Experience preparing reports, proposals, or credit findings with a high level of accuracy and attention to detail. – Required.

Skills

• Financial statement analysis, including balance sheets, income statements, cash flow statements, and corporate tax returns.

• Credit analysis, loan structuring, underwriting, and portfolio monitoring.

• Proficiency in Microsoft Office 365 Products, including Excel, PowerPoint, Word, Teams, and Outlook.

• Loan documentation review and report preparation.

• Analytical thinking and sound decision-making.

• Strong written and verbal communication skills.

• Detail orientation and accuracy.

• Ability to manage multiple priorities and meet deadlines.

• Customer service orientation and professional stakeholder engagement.

• Initiative, adaptability, and a collaborative, team-first mindset.

• Ability to mentor less experienced team members and contribute positively to the team.

Certifications: No Certifications listed for this job.

It Would Be Nice For You To Have: Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship: Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know: The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range: Minimum: $86,250.00 USD Maximum: $145,000.00 USD

We Value Your Impact: Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture: We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement: At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next: If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.