JP Morgan Chase & Co.

Auto - Underwriter III

JP Morgan Chase & Co.$75K — $95K *
Tempe, AZ 85284In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in credit auto.
  • Experience reviewing credit bureau reports.
  • Proficiency in credit decisioning and understanding of consumer credit regulations.
  • Comprehensive knowledge of various auto loan programs and bank products.
  • Expert knowledge of credit policies, loan documentation, and legal issues.
  • Thorough understanding of bank policies and risks.
  • Superior analytical skills and excellent communication abilities.

Responsibilities

  • Review credit applications and make credit decisions per policy requirements.
  • Assist daily operations by reviewing policy and pricing exceptions.
  • Structure decisions to maximize profit and enhance customer relationships.
  • Process automobile applications while focusing on response time and approval quality.
  • Meet or exceed targets for ROE and business metrics.
  • Initiate sales calls and prepare necessary follow-ups.
  • Provide prompt, accurate responses to customer inquiries.

Benefits

  • Hybrid work schedule, offering flexibility with 3 days in the office and 2 days remote.
  • Scheduled hours support operations from 9 AM to 8 PM Pacific Time, including rotational Saturday shifts.
Full Job Description
JOB DESCRIPTION

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.
  • Provide prompt, accurate responses to customer inquiries.

Required Qualifications, Capabilities, and Skills

  • 5+ years of experience in credit auto.
  • 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.

 

Preferred Qualifications, Capabilities, and Skills

  • Experience in sales and/or leasing.
  • Proven ability to manage multiple tasks and projects in a fast-paced environment.
  • Experience collaborating with cross-functional teams to achieve common goals.
  • Strong interpersonal and communication skills for effective teamwork with diverse stakeholders.
  • Demonstrate judgment and decisiveness.

 

Work Schedule

This position is hybrid, requiring 3 days in the office and 2 days working from home. Scheduled hours are set to support operations from 9 AM to 8 PM Pacific Time, including Saturday shifts on a rotational basis every other Saturday. Shifts will vary within these hours.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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