Credit Underwriter

Summary

Join Lendbuzz, a dynamic floorplan financing company, as a Credit Underwriter. You will analyze credit applications, review UCC filings, collaborate with the sales team, and make credit decisions while adhering to risk management policies. This role requires a Bachelor's degree, 3+ years of credit underwriting experience, proficiency in credit report analysis, and a strong understanding of UCC filings. Familiarity with the automotive industry and DecisionLogic is preferred. You will be responsible for ensuring proper collateral security, facilitating communication with dealers, and contributing to policy refinement. The ideal candidate is detail-oriented, analytical, and possesses strong communication and relationship-building skills.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
• 3+ years of experience in credit underwriting, preferably within the automotive or floorplan financing industry
• Proficiency in reading and interpreting credit reports (e.g., Experian) and financial statements
• Strong understanding of UCC filings, PMSIs, and other secured lending practices

Responsibilities

• Analyze credit applications and financial documents (including Experian credit reports, tax returns, and financial statements) to assess creditworthiness
• Review UCC filings and Purchase Money Security Interests (PMSIs) to ensure the company’s collateral is properly secured
• Collaborate closely with the sales team to facilitate smooth communication with dealers while maintaining credit standards
• Provide clear and concise credit decisions, balancing risk management with dealer relationship goals
• Utilize DecisionLogic and other bank verification tools to assess financial stability and cash flow
• Monitor and assess existing dealer accounts to identify potential risks or opportunities for increased credit lines
• Assist in developing and refining underwriting policies and procedures to improve efficiency and risk management

Preferred Qualifications

• Knowledge of the automotive industry and dealership operations
• Experience with DecisionLogic or similar bank verification tools