Commercial/Small Business Banking Underwriter - Midvale, UT (In-Office)

Zions Bancorporation; Midvale (UT); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance -

Life and Disability Insurance

Paid Parental Leave and Adoption<br/>-

Health Savings (HSA) and Flexible<br/>

Paid Training, PTO and 11 Federal<br/>

401(k) plan with company match

Mental health benefits

Tuition Reimbursement

Employee Ambassador preferred banking

Job summary

Zions Bancorporation in Midvale, UT is seeking a Commercial/Small Business Banking Underwriter to join our in-office team. You will compile data for credit packages, analyze cash flows and collateral, and prepare recommendations for loan approval.

The ideal candidate will have a finance-related degree and 1+ year underwriting or credit analysis experience, with strong attention to detail and knowledge of banking regulations.

Qualifications

• Requires a Bachelor's in Finance, Business, Accounting or related field.
• 1+ year in commercial or small business underwriting or credit analysis.
• Knowledge of balance sheets, income statements and cash flow.
• Familiarity with credit policies and banking regulations.

Responsibilities

• Prepare credit packages with spreads, cash flow, collateral, appraisals and data.
• Interpret analysis and present recommendations to Credit Approvers.
• Evaluate loan applications for commercial, CRE and small business lending.
• Spread financial statements and identify credit strengths and weaknesses.
• Ensure requests align with bank policies and regulations.

Skills

Credit analysis

Financial statement analysis

Data compilation

Attention to detail

Communication skills

Education

Bachelor's degree in Finance, Business, Accounting or related field

Tools

Spreadsheets

Credit software

Banking systems

Job description

Commercial/Small Business Banking Underwriter - Midvale, UT (In-Office)

Did you know that Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $70 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven’t forgotten who keeps us in business, meaning we’re committed to the success of our customers, and our employees. Here, the possibilities are endless – come for a job, stay for a career. This is a remote position.

This position is in-office 5 days a week located at our new Zions Technology Center in Midvale, UT. The idealcandidate for theCommercial Small Business Banking Underwriterposition will have the skills and experience necessary to:

• Responsible for compilation of data as it relates to preparation of credit packages (or pre-screens) incorporating spreads, cash flow, value of related collateral, appraisals, audits and other data.
• Interpret outcome of analysis and prepares summary, recommendations and may make joint presentations with Relationship Manager (RM) to Credit Approvers on renewals and new loans submitted.
• Evaluate, analyze and form opinions for the approving or denying of commercial, commercial RE, and/or business banking loan applications.
• Spread financial statements, identify credit strengths and weaknesses, provide detailed and documented analysis of credit worthiness.
• Ensure credit requests are processed in accordance with bank policies, banking regulations and laws.
• Identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
• Respond to internal and external customer inquiries.
• Recommend exceptions based on findings.
• May work closely with Relationship Manager on the more complex aspects of loan structuring, including long term, fixed vs. variable rates, pre-payment penalty and other variables.
• May have authority to approve loans beyond the organizations guidelines.
• Senior most level may function as a lead and be responsible for second level approvals.
• Other duties as assigned.

Qualifications:

• Requires a Bachelor's in Finance, Business, Accounting or a related field and 1+ year commercial, commercial real estate credit or small business underwriting, spread analysis, lending, underwriting concepts, practices and procedures or other directly related experience.
• A combination of education and experience may meet qualifications.
• Basic knowledge of commercial, commercial RE and/or small business credit underwriting, spread analysis, lending, underwriting concepts, practices and procedures.
• Basic knowledge of C&I and CRE loan requirements with the ability to identify risk and mitigating factors related to conducting a thorough credit analysis for approval. Knowledge of balance sheets, income and cash flow statements.
• Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
• Ability to analysis and research financial statements, business plans, credit reports, debt ratios and loan to value information.
• Possess good judgment, ability to make sound decisions.
• Ability to accept responsibility and handle confidential information.
• Must have good customer relations and communication skills.
• Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
• Working knowledge of a various related software applications, including spreadsheets, word processing, etc.

• 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
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products
• Employees may, at the company’s discretion, be eligible to receive a cash bonus award

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.

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