Retail Underwriter

Position Title: Retail Underwriter (Indirect)

Reports To: Indirect Credit Manager

Department: Indirect Underwriting

FLSA Status: Non-Exempt

Purpose: The Retail Underwriter is responsible for processing, evaluating and underwriting indirect consumer applications within delegated limits of authority while adhering to bank credit policy and procedures and applicable Federal and State regulations.   This position promotes the Bank's finance programs through ongoing communications with dealer partners.

Supervisory Responsibilities:

Degree of Supervision Received: Moderate

Degree of Supervision Given: None

Essential Functions:

1. Analyzes, evaluates and approves indirect consumer loan applications, including but not limited to auto loans, RV loans, boat loans, motorcycle and ATV’s loans within delegated authority adhering to Bank policies and procedures and compliant with applicable Federal and State regulations.
2. Analyzes loan application data obtained from credit bureaus’ as well as internal and external sources as needed to maximize credit and mitigate risk of potential loss.
3. Analyzes and verifies customer information including employment, tax returns, financial statements, deposit records and any other information pertinent to the credit decision.
4. Keeps Indirect Sales Representatives informed of current loan rates and competitor marketing programs.
5. Promotes finance products to develop and retain dealer relationships by assisting the sales representatives through ongoing dealer contact.
6. Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders.  Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
7. This job description is not exhaustive. The Retail Underwriter may be required to perform other duties as assigned.

Job Related Qualifications – Education and Prior Experience:

Required:

• Education: High School Diploma
• Prior Experience: 2 years of credit analysis and/or underwriting experience

Preferred:

• Education: Associate Degree in business, finance, or related field
• Prior Experience: 2 years of credit analysis and/or underwriting experience

Competencies:

1. Excellent verbal and written communication skills.

1. Strong interpersonal skills with the ability to interact with clients and all levels of staff in a professional and knowledgeable manner.
2. Possess a high level of attention to detail with the ability to analyze and interpret data for making sound decisions and present it in a courteous meaningful and easily understood form.
3. Ability to work in a demanding, fast-paced team environment with the ability to meet business needs and established deadlines.
4. Excellent customer service skills with the ability to respond to inquiries in a timely and professional manner.
5. Proficient with Microsoft Office applications with the ability to learn new and existing Banking software.
6. Must be able to maintain confidentiality at all times.

Physical Requirements:

1. Able to regularly sit for prolonged periods of time.
2. Extensive computer usage is required.
3. Ability to work:
   1. Evenings
      1. Occasionally
   2. Weekends
      1. Occasionally