Auto - Underwriter III

Underwriter III In Auto Finance

Chase Auto, a prominent provider of auto financing, manages a portfolio exceeding $80 billion in assets and collaborates with 75% of U.S. franchised automotive dealers. As part of the JPMorgan Chase franchise, Chase Auto serves auto dealers, consumers, and vehicle manufacturers, offering a comprehensive range of financial products and services, including retail lending, captive financing, floorplan products, cash management, private banking, and payment processing.

As an Underwriter III in Auto Finance, you will play a crucial role in reviewing policy and pricing exceptions and supporting daily operations. Your responsibilities will include structuring decisions to optimize profit and strengthen relationships, processing automobile applications with a focus on response time, application volume, and approval quality. You will aim to meet or exceed targets for return on equity (ROE), volume, conversion ratios, and other business metrics. Additionally, you will initiate sales calls, prepare written follow-ups when necessary, and provide prompt, accurate responses to both internal and external customer inquiries.

Job responsibilities

• Review credit applications and make credit decisions in compliance with credit policy requirements and regulations.
• Assist in daily operations by reviewing policy and pricing exceptions.
• Structure decisions to maximize profit and enhance relationships.
• Process automobile applications, emphasizing response time, application volume, and approval quality.
• Meet or exceed targets for ROE, volume, conversion ratios, and other business metrics.
• Initiate sales calls and prepare written follow-ups as needed.
• Manage end-to-end underwriter funding and eContracting responsibilities, including funding authorization, contract validation, issue resolution, and coordination with internal and external partners to ensure accurate and timely loan booking.
• Partner closely with Sales and Credit colleagues to support regional growth initiatives and dealer development strategies.
• Develop and maintain strong dealer relationships that help drive customer satisfaction, loyalty, and market volume growth.
• Initiate sales calls and prepare written follow-ups as needed.

Required Qualifications, Capabilities, and Skills

• 5+ years of experience in Auto Credit Underwriting.
• Experience reviewing credit bureau reports.
• Proficiency in credit decisioning and a solid understanding of consumer credit and relevant federal and state regulations.
• Comprehensive knowledge of indirect loan, refinance, direct and lease programs, bank products, and services.
• Expert knowledge of credit philosophy, policies, loan documentation, and related legal issues.
• Thorough understanding of the bank's policies, procedures, products, and inherent risks.
• Superior analytical skills with excellent written and verbal communication abilities.
• Results-oriented with high personal initiative and proven leadership skills.
• Provide prompt, accurate responses to internal and external customer inquiries.
• Participate in regional dealer visits, market meetings, and other collaborative opportunities to strengthen partnerships and support business growth.

Preferred Qualifications, Capabilities, and Skills

• Experience in Auto Retail Sales.
• Proven ability to manage multiple tasks and projects in a fast-paced environment.
• Knowledge of and experience supporting dealer networks within the Northeast market.
• Willingness to participate in dealer visits, market meetings, and collaborative business development activities.
• Passion for building strong partnerships that contribute to dealer satisfaction and market growth.

Work Arrangement & Schedule

Employees are expected to work in the office during their training and onboarding periods, typically for the first 90 days, though the timeframe may vary based on performance and business needs. Scheduled hours support operations between 8:00 AM and 8:00 PM Eastern Time. Saturday shifts are assigned on a rotating basis and may be adjusted as business needs require.

Territory Coverage: This role supports the Northeast Region Credit Team, servicing dealer partners across Central New Jersey to Maine. Occasional travel 25% for dealer visits, market meetings, and partnership-building activities may be required.

About Us

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Equal Opportunity Employer/Disability/Veterans

About the Team

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions all while ranking first in customer satisfaction.