Senior Underwriter III

Kinetic Advantage - Indianapolis, IN

Full-time - Senior

Indianapolis, IN

Administrative and Support Services

About the position

As a Senior Underwriter at Kinetic Advantage, you will play a crucial role in evaluating the creditworthiness of dealer customers and performing in-depth financial analyses. This position requires a strong analytical mindset and the ability to process and interpret large volumes of data to make informed credit decisions. You will be responsible for assessing dealer applications, conducting annual reviews, and ensuring that all underwriting processes align with company policies and business practices. Your work will directly impact the financial health of Kinetic Advantage by ensuring that credit decisions are made based on comprehensive evaluations of financial statements, cash flow, and other relevant documentation. In this role, you will analyze complex financial and operational information, including customer financial statements, balance sheets, and cash flow data, to understand the financial strength of each commercial customer. You will also be tasked with documenting and analyzing customers' current debt needs and obligations, reviewing business bank statements, and drafting comprehensive summaries of their financial health. Your ability to communicate findings effectively will be essential, as you will need to present your analyses in a clear and concise manner to stakeholders. Additionally, you will be responsible for conducting thorough background checks on dealerships, including reviewing credit reports, examining personal liquidity and debt ratios, and researching any relevant bankruptcy records or tax liens. You will also perform ongoing dealer analysis to monitor portfolio performance trends and proactively address any situations that may indicate increased risk. This position requires a detail-oriented individual with strong problem-solving skills and the ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Recommend credit decisions on loans more than $750,000 in accordance with company policies and business practices
• Perform analysis of, and spread customer financial statements, balance sheets and cash flow information to understand the financial strength of each commercial customer and project trends regarding their business
• Perform analysis to understand customer's cash flow and current and projected cash position
• Document and analyze customer's current debt needs, capacity, and obligations
• Review business bank statements to confirm positive cash flow and business transactions such as floorplan curtailments and payoffs, finance company deposits, and other typical business transactions
• Draft and present comprehensive summaries of the customer's financial health and projected future performance
• Evaluate borrower performance based on internal measurements and reports to include payment history and audit reconciliation
• Take actions necessary to secure and process required dealer underwriting documentation
• Pull, review, and interpret a credit report on both the business and the individual applicants
• Examine credit history, nature of accounts, payment history, size of trade lines, credit utilization, in determining credit worthiness of applicant and business
• Review and understand principals' personal liquidity, leverage, debt-to-income ratio, and asset verification including relationship to borrowers' financials
• Illustrate the key characteristics of a personal tax return as it relates to the loan request
• Research and analyze UCC to determine priority and nature of each filing and effect on loan package
• Ensure underwriting processing timelines are in accordance with internal service level agreements
• Pull and review OFAC checks for the business and any/all officers and signers for the business
• Make calls to business references to conduct background check on the dealership
• Research any relevant bankruptcy records, tax liens, and/or judgments in weighing applicants' business or personal ability and willingness to remain compliant as a Kinetic dealer
• Research dealer inventory to assess the suitability for Kinetic's lending programs
• Validate the business applying and who the accurate 'legal' owners are through documentation provided and/or public record search
• Review field summary comments provided with business background and sales volume status
• Perform on-going dealer analysis to determine dealer portfolio performance trends and act pro-actively on situations that may indicate increased risk to Kinetic
• Perform dealer reviews on a schedule to re-underwrite the dealer relationship
• Verify all Kinetic Advantage documentation and agreements remain up to date
• Update company tracking systems on the status of dealer documentation and performance
• Report the status of dealer applications, underwriting and dealer performance in a timely manner
• Develop a thorough understanding of Kinetic Advantage policies and procedures
• Prepare ad hoc financial analysis
• Present financial analysis in a manner that is easily understood by the user

Requirements

• Familiarity with concepts, procedures and processes typically used in automotive and financial services industries
• Understanding of how to interpret personal Credit Bureau reports, including Bankruptcy, Tax Liens, and Judgments or any other public record
• Familiarity with business documentation including but not limited to sole proprietorships, S-corps, C-corps, partnerships, and limited liability corporations is preferred
• Familiarity with Dealership licensing requirements throughout the United States
• Telephone, keyboard, standard office equipment, windows-based computer system
• Prior work experience in Auto or Financial service industry is preferred but not required
• Experience with MS Outlook, Excel, Word, PowerPoint, internet, and other database programs
• Knowledge of commercial lending industry
• Knowledge of accounting and finance gained through collegiate study

Nice-to-haves

• Familiarity with dealership licensing requirements throughout the United States