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

Health Insurance

Life Insurance

Paid Time Off

401(k)

Tuition Reimbursement

Job summary

Zions Bancorporation is seeking a Commercial Small Business Banking Underwriter in Midvale, UT. The role focuses on underwriting commercial and CRE loan applications, analyzing spreads, cash flow and collateral, and presenting summaries to credit approvers.

The position is in-office at the Zions Technology Center in Midvale. Ideal candidates hold a Bachelor's in Finance or related field with 1+ year underwriting or lending experience, strong credit analysis skills, and proficiency with

Qualifications

• Bachelor’s in Finance, Business, Accounting or related field; 1+ year commercial lending or underwriting experience.
• Knowledge of commercial and small business lending concepts and credit underwriting procedures.
• Ability to analyze financial statements, debt ratios, and loan value information.
• Strong judgment, initiative, and attention to detail.
• Proficient in spreadsheets and related software applications.

Responsibilities

• Compile data for credit packages including spreads, cash flow, collateral and appraisals.
• Prepare summaries and recommendations for credit approvals or renewals.
• Evaluate and form opinions on commercial and CRE loan applications.
• Spread financial statements and identify credit strengths and weaknesses.

Skills

Credit analysis

Spread analysis

Financial statement analysis

Underwriting

Communication

Education

Bachelor's degree in Finance/Business/Accounting

Tools

Spreadsheets

Credit software

Job description

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 ideal candidate for the Commercial Small Business Banking Underwriter position 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.

Benefits:

• 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

Illusion

Equal Opportunity Employer

It is the policy of this corporation to provide 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, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law. This policy is established and administered in accordance with all applicable federal, state, and local laws.

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for employment, please contact us at [phone], Mon.-Fri. between 9 a.m. - 5 p.m. MST.