Dealer Commercial Services Underwriter

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 would love to hear from you.

The Associate, Underwriter (IC5) is responsible for managing credit risk by reviewing and properly weighing all aspects of more complex and larger dealer relationships. This role serves as a key resource and trusted partner to underwriters and loan originators within the Dealer Commercial Services line of business, ensuring sound credit decisions, strong portfolio performance, and a high-quality client experience.

• Independently underwrite, structure, and prepare clear, accurate credit proposals, renewals, and modifications for credit committee approval.
• Analyze complex financial statements, including balance sheets, income statements, cash flow, business history, ownership structure, and loan collateral for automotive dealerships.
• Manage the full end‑to‑end underwriting process for new business, annual renewals, and loan modifications to ensure timely, efficient execution.
• Monitor assigned portfolio performance by obtaining, reviewing, and analyzing up‑to‑date financial information and risk indicators.
• Review loan inquiries and respond promptly to client and internal partner requests with well‑supported credit recommendations.
• Collaborate directly with customers and internal line‑of‑business partners to gather required data and clarify financial or structural considerations.
• Manage multiple underwriting assignments simultaneously while meeting deadlines and maintaining a high level of accuracy.
• Review and proactively manage past‑due and upcoming loan maturities to support portfolio quality and risk mitigation.

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.

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

• Five or more years of experience in financial analysis, credit structuring, underwriting, and portfolio management – Required.

• English – Required.

• Financial statement analysis, including balance sheet, income statement, and cash flow evaluation.
• Credit underwriting, structuring, and risk assessment for complex commercial relationships.
• Portfolio monitoring and credit file management.
• Preparation of clear, well‑documented credit and findings reports.
• Working knowledge of commercial lending processes and credit policies.
• Strong analytical and decision‑making skills with the ability to assess risk and evaluate trade‑offs.
• Excellent written and verbal communication skills, including comfort presenting to groups.
• High attention to detail with strong organizational and time‑management capabilities.
• Ability to manage multiple priorities simultaneously in a fast‑paced, team‑oriented environment.
• Customer‑focused mindset with a commitment to responsiveness and professional interaction.
• Self‑starter who takes initiative, adapts to change, and seeks alternative solutions when needed.

No Certifications listed for this job.

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

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…