Indirect Specialty Underwriter III

Fifth Third Bank | Virtual, XX

05/14/2022

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GENERAL FUNCTION: Cross-functional responsibilities for analyzing Consumer Credit applications and information across Direct Lending, Indirect Specialty Lending and Bankcard Credit. Direct responsibility to underwrite secured Indirect Specialty Lending products (installment loans and leases) across multiple states, affiliates or geographic regions. Provides superior quality service to internal and external customers (Dealership FI Finance & Insurance Managers, Retail Banking Center Managers and vendors). Provides guidance to loan processors and less experienced underwriters. Proactively participates in improving processes and achieving business objectives. Accepts additional projects as assigned.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES:
  • Analyze consumer credit reports for Consumer Specialty Lending applications to evaluate risk and make appropriate credit decision for Direct, Indirect and Bankcard divisions across multiple states, affiliates or geographic regions.
  • Reviews documents to support credit decisions (verification of income, tax returns, personal financial statement, trusts and additional supporting documentation, etc.)
  • Orders and reviews documents to underwrite within stated Consumer Lending Guidelines and applicable regulations (flood determination, property appraisals, property reports/title searches, Dealer contracts and documents, etc.)
  • Verifies completeness and accuracy of credit applications.
  • Formulates and communicates credit decision (approve, decline or counteroffer) in compliance with established underwriting guidelines, compliance and regulatory requirements.
  • Provides guidance and feedback to internal or external customers (Retail Banking Centers, Dealer F&I, Call Center) to maximize production and manage risk.
  • Develops business relationships and builds rapport with customers to achieve mutual goals across multiple states, affiliates or geographic regions.
  • Manages application pipeline to meet business objectives.
  • Reviews complex credit, declined and pipeline applications to maximize production and meet stated service quality levels.
  • Assists/coaches less experienced underwriters with structuring loans to maximize production and manage risk.
  • Conducts monthly audits of credit decisions and/or loan files for document accuracy and credit quality.
  • Provides superior quality service to internal and external customers at all times and demonstrate professional demeanor.
  • Consumer Lending credit authority is commensurate with consumer lending authority guidelines and business need.
  • Reviews credit applications and recommends decisions on applications their assigned authority to their manager.


SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • College degree in Business or Finance or equivalent work experience.
  • Minimum 4 years Consumer Lending or Financial Services industry experience.
  • Minimum 1 year of Consumer Lending Underwriting experience.
  • Strong interpersonal, written and verbal communication skills.
  • Ability to handle multiple tasks and meet deadlines in fast paced environment.
  • Ability to interact with Vice President level managers; build consensus; and motivate others.
  • Strong analytical and organizational skills.
  • Strong computer skills.
  • Strong working knowledge of ACAPS.

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Indirect Specialty Underwriter III

Total Base Pay Range 50,100.00 - 95,400.00 USD Annual

LOCATION -- Virtual, Nevada 00000

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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May 26, 2022