Consumer Loan Underwriter 1, Auto Lending

Presidential Bank
United States, Maryland, Frederick
Jan 18, 2025
Underwriter I Auto Lending The Underwriter I within Presidential Bank's Indirect Auto Underwriting organization works with automotive dealerships and customers who apply for auto funding through dealerships. This role is responsible for reviewing these indirect contracts. *Status: Non-Exempt Reports to: Assistant Vice President, Credit, Indirect Auto and Consumer Lending Major Duties and Responsibilities:* Monitors queue for new applications. Reviews applications for creditworthiness and contacts the dealer to capture the loan, if applicable. Works under supervision or independently on relatively basic transactions. May have limited approval and/or exception authority. Performs or assists in preparation of offerings for specific transactions or in management of a portfolio and interacts with internal/external customers. Using judgment to identify risks and mitigants, performs or assists in preparation of offerings and/or scorecards (e.g., risk ratings) by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. Contacts internal/external customers and other parties as appropriate to gather information, clarify inconsistent, incorrect, or missing information. May include relevant pre-approval and post-approval activities. Performs or assists with the identification and/or confirmation of all external regulatory requirements. Ensures internal policies/procedures are followed. Makes recommendations on credit decisions or makes credit decisions directly, as appropriate. Other projects or duties as assigned. At Presidential Bank to take pride in our reputation and to build upon that reputation, we expect employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions an able to leverage that information in creating customized customer solutions. Risk Management Focused - Assessing and effectively managing all the risks associated with their business objectives and activities to ensure they adhere to and support Presidential Bank's Enterprise Risk Management Framework. Position Requirements and Competencies: Ability to work in a fast-paced environment that requires excellent time management and multitasking skills. Ability to develop relationships with external customers. Accuracy and Attention to Detail - Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy. Credit Analysis and Verification - Knowledge of and ability to utilize tools, techniques, and practices for determining the creditworthiness of an applicant. Decision Making and Critical Thinking - Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately and reach productive decisions. Effective Communication - Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors. Financial Analysis - Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material. Information Capture - Knowledge of the processes and the ability to identify, capture and document relevant business information in an auditable, organized, understandable and easily retrievable manner. Knowledge of Underwriting - Knowledge of the full spectrum of underwriting activities, practices, tools and considerations, and the ability to utilize these to manage the underwriting process. Managing Multiple Priorities - Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation. Office Support Tools - Knowledge of and ability to use office support tools available at the desktop (for example: word processing, e-mail, presentation software, and spreadsheets.) Operational Functions - Knowledge of major functional processes and associated operating requirements; ability to apply this knowledge appropriately to diverse situations. Desired Experience/Qualifications: Bachelor's Degree Minimum of two years of indirect auto underwriting experience required. Familiar with the Auto Finance industry and consumer credit, trend analysis/analytics Excellent sales, negotiation, problem solving, and analytical skills. Must be an independent worker with strong time management skills. Existing relationships with dealers in the Maryland, D.C., and Virginia areas preferred but not required. Physical Demands and Work Environment: The physical demands and work environment characteristics described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. While performing the duties of this job, the ability to stand and/or sit for long periods of time is regularly required. Ability to talk, listen and see. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch. The associate may occasionally lift and/or move up to 25 pounds, may also include lifting overhead Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media Moderate sound as in business office with office machines, computers, and people traffic Willingness to work on-site at stated location on the job opening Ability to work nights, weekends, and/or holiday as needed or scheduled Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state or local law.