Commercial Credit Underwriter/Sr Underwriter in Denver, CO

Zions Bancorporation; Denver (CO); On-site; USD 95,000 - 130,000; Full time

Benefits offered by this job

Health insurance

Paid time off & holidays

401(k) with company match

Job summary

Vectra Bank in Denver, CO is seeking an experienced Commercial Credit Underwriter/Senior Underwriter to join our Commercial and Business Banking team. You will underwrite and structure commercial credit deals, deliver risk-focused recommendations, and support modernization of underwriting tools and processes.

The role emphasizes underwrite and portfolio management for commercial relationships with a focus on deals generally over $5 million, collaboration with Relationship Managers, and

Qualifications

• Requires a Bachelor’s in Finance, Business, Accounting or a related field and 4+ year commercial credit, business banking underwriting, spread analysis, lending, practices, procedures, or other directly related experience.
• Extensive knowledge of commercial and/or business banking credit underwriting, spread analysis, lending concepts, underwriting practices and procedures.
• Strong working knowledge of C&I loan requirements with the ability to identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
• Extensive working knowledge of balance sheets, income, and cash flow statements.

Responsibilities

• Underwrite local and custom commercial credit requests generally over $5 million, including renewals, modifications, refinances, new money requests.
• Prepare concise, risk-focused credit presentations for transactions requiring elevated approval authority.
• Manage a pipeline that includes both recurring portfolio requests and more complex new or expanded credit opportunities.
• Partner with Relationship Managers to ensure deal structuring is sound and credit packages are complete.

Skills

Underwriting

Credit analysis

Cash flow analysis

Financial statement analysis

Risk assessment

Education

Bachelor's degree in Finance

Tools

Excel

Word processing

Job description

Commercial Credit Underwriter/Sr Underwriter in Denver, CO

Make your next credit role your biggest impact. You will underwrite and structure commercial credit deals that matter to Colorado businesses. You will deliver clear, risk-focused recommendations. You will also help modernize underwriting through smarter tools, automation, and practical process improvements.

At Vectra Bank, we are proud to serve the Rocky Mountain region with the strength of a large financial institution and the personal touch of a community bank. Recognized as a Top Workplace, we combine deep resources with attentive, relationship‑driven service to support families, businesses, and the communities we call home.

We are committed to creating a great place to build a career, welcoming employees whose talent, drive, and diverse perspectives help us deliver custom financial solutions. With day‑one benefits, ample growth opportunities, and a culture centered on listening, collaboration, and care, Vectra Bank is a place to grow, thrive, and make a meaningful impact. We believe we are Big enough to count and small enough to care.

With benefits starting on day one, over 11 bank holidays, and a company committed to career growth and advancement, we are dedicated to being an employer of choice in our industry and community. At Vectra Bank, the possibilities are endless – come for a job, stay for a career.

We are looking for an experiencedCommercialCreditUnderwriter/Senior Underwriter to join our Commercial and Business Banking team in Denver, CO. This role focuses on providing credit judgment, support, and portfolio management for commercial relationships.

Essential Functions

• Underwrite local and custom commercial credit requests generally over $5 million, including renewals, modifications, refinances, new money requests.
• Analyze complex C&I relationships, including multi-entity borrowers, trusts, guarantor support, global cash flow, complex structures, collateral monitoring, covenants, policy exceptions, and transactions requiring tailored structuring or elevated credit review.
• Evaluate borrower performance and repayment capacity, including cash flow adequacy, collateral support, industry conditions, management quality, and key risk mitigants.
• Evaluate borrowing base, equipment, real estate, and other collateral-supported transactions.
• Prepare concise, risk-focused credit presentations for transactions requiring elevated approval authority.
• Manage a pipeline that includes both recurring portfolio requests and more complex new or expanded credit opportunities.
• Partner with Relationship Managers to ensure deal structuring is sound and credit packages are complete.
• Present and support recommendations to approval authorities and committees, including joint presentations with the Relationship Manager when needed.
• May function as a lead underwriter and provide second-level review support.
• Support modernization initiatives in credit workflow, tools, and help scale best practices across the team.
• Ensure requests are processed in accordance with bank policy, banking regulations, and applicable laws.
• Perform other duties as assigned.

Qualifications

• Requires a Bachelor’s in Finance, Business, Accounting or a related field and 4+ year commercial credit, business banking underwriting, spread analysis, lending, practices, procedures, or other directly related experience. A combination of education and experience may meet qualifications.
• Extensive knowledge of commercial and/or business banking credit underwriting, spread analysis, lending concepts, underwriting practices and procedures.
• Strong working knowledge of C&I loan requirements with the ability to identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
• Extensive working knowledge of balance sheets, income, and cash flow statements.
• Strong understanding of commercial lending policies and procedures and general banking laws and regulations.
• Ability to analyze complex financial information, business plans, credit reports, debt service coverage, leverage, liquidity, collateral support, and loan-to-value information, to develop well-supported underwriting conclusions.
• Possess strong judgment and the ability to make sound decisions.
• Ability to accept responsibility and handle confidential information.
• Must have strong customer relations and communication skills, both verbal and written.
• Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
• Extensive working knowledge of various related software applications, including spreadsheets, word processing, and other applicable tools.

Underwriter I: Bachelor's degree and 2+ years of credit analysis experience, working with large commercial loans, to include C&I or other directly related underwriting experience. A combination of education and experience may meet requirements.

Underwriter IV: Bachelor's degree and 6+ years of credit analysis experience, working with large commercial loans, to include C&I or other directly related underwriting experience. A combination of education and experience may meet requirements. 4+ years of direct C&I underwriting experience preferred.

Compensation

This position is eligible to earn a base salary in the range of $95,000 – $130,000 annually depending on job-related factors such as level of experience and location. Final offer amounts are determined by multiple factors such as but not limited to, level of experience, skills, expertise, location, education, and certifications.

This position is in-office. Remote or Hybrid schedule are not available for this position.

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience

This position will be open until filled.

All candidates, including those with criminal histories will be considered for employment. However, a background check adjudicated consistently with the FDIC Section 19 regulation will be completed on any candidate who accepts a conditional job offer from the Company. Because the Company is a financial institution, the FDIC guidelines apply to all positions within the company and as such any and all job duties have a direct relationship to a candidate’s criminal history and that criminal history would need to align with the FDIC Section 19 regulations.

Zions Bancorporation, National Association prohibits illegal discrimination and reaffirms its policy of providing Equal Employment Opportunity (EEO), by extending equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, protected veteran status, military service, sexual orientation, gender identity, genetic information or any other characteristic protected by applicable federal, state or local law.

It is the Company’s policy not to discriminate because of a person’s relationship or association with a protected veteran. This includes spouses and other family members. Also, Zions will safeguard the fair and equitable treatment of protected veteran spouses and family members with regard to all employment actions and prohibit harassment of applicants and employees because of their relationship or association with a protected veteran.

Applicants Requesting Accommodations: If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access our career site. You can request reasonable accommodations by contacting us at [e-mail] or 801/844-7618. Please email your resume/cover letter, indicate what position you are interested in and include "Accommodation needed" in the subject line to ensure your information is routed to the appropriate contact.

Vectra Bank a division of Zions Bancorporation, N.A. Member FDIC