Credit Underwriter - Floorplan Financing

Remote$55K - $65K / yearPosted 2 weeks ago

Full-Timeremotemid

Job Description

At Lendbuzz, we believe financial opportunity should be more personalized and fair. We develop innovative technologies that provide underserved and overlooked borrowers with better access to credit. From our employees to our dealers, partners, and borrowers, we’ve built a company and a culture around a resolute belief in the promise and power of diversity. We value independent and critical thinking.

We are a dynamic and growing floorplan financing company specializing in providing flexible credit solutions for automotive dealers. We are committed to helping dealers grow their businesses while managing risk effectively. As a Credit Underwriter, you will play a crucial role in our success by ensuring that credit decisions align with our risk management policies while fostering strong relationships with our sales team and dealer network.

We are seeking a highly detail-oriented and analytical Credit Underwriter to join our team. The ideal candidate will have experience in credit analysis, a strong understanding of UCC filings, and the ability to communicate effectively with both sales teams and dealers. Familiarity with the automotive industry is a plus. This role reports directly to the Director of Floorplan Financing.

Key Responsibilities:

Review incoming applications and ensure completeness of all required documents and information
Analyze bank statements, credit files, and supporting documentation to assess credit risk
Manage pending applications by following up on missing items and helping move deals through the process
Support credit decisions by preparing files, summarizing key details, and applying company guidelines
Communicate approvals and outline next steps, including any required stipulations
Partner with internal teams and sales representatives to provide updates and address questions
Maintain organized, accurate deal files throughout the underwriting process
Assist with additional operational tasks as needed, including contract preparation, UCC filings, and administrative support

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.
Knowledge of the automotive industry and dealership operations is a plus.
Experience with DecisionLogic or similar bank verification tools preferred.

Key Skills & Traits:

Attention to Detail: Ability to identify discrepancies and inconsistencies in financial documents and credit reports
Analytical Skills: Strong ability to evaluate risk, assess creditworthiness, and make informed decisions
Communication Skills: Capable of conveying credit decisions clearly to sales teams and dealers
Relationship Building: Skilled in fostering positive relationships with internal and external stakeholders
Problem-Solving: Creative thinker who can navigate complex credit situations while balancing risk and opportunity
Technical Proficiency: Advanced skills in Excel, CRM systems, and credit analysis tools
Adaptability: Comfortable working in a fast-paced environment with changing priorities

$55,000 - $65,000 a year

We believe:

Diversity is a competitive advantage. We celebrate our differences, and are better when we have a variety of experiences, viewpoints, and backgrounds.

Compassion is a strength. We care about our customers and look to build long-term relationships with them.

Simplicity is a key feature. We work hard to make our forms and processes as painless and intuitive as possible.

Honesty and transparency are non negotiable. We incorporate these traits in all of our interactions.

Financial opportunity belongs to everyone. We work every day to improve lives by extending this opportunity.

If you believe these things too then we would love to hear from you!

Background Checks

After an offer is accepted, Lendbuzz conducts a pre-employment background check. Any evaluation of the background check will be subject to an individualized assessment, taking into account the applicant’s or employee’s specific record and the responsibilities and requirements of the particular role.

A Note on Recruiting Outreach

We’ve been made aware of individuals falsely claiming to represent Lendbuzz using lookalike email addresses (eg @lendbuzzcareers.com). Please note that all legitimate emails from our team come from @lendbuzz.com. We will never ask for sensitive information or conduct interviews via messaging apps.

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