Credit Analyst

Bank-of-Utah; Orem (UT); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Great work-life balance

Competitive pay and benefits

401(k) plan with company match

12 paid holidays + PTO

Volunteer opportunities

Awards and recognition

Job summary

Bank of Utah in Orem, UT seeks a Credit Analyst to assess loan applications, ensure underwriting guideline compliance, and monitor loan portfolio risk.

The role analyzes borrower financial statements, researches economic trends, and prepares management reports; typical hours are Monday–Friday, 8–5, with a strong benefits package.

Join a privately owned community bank founded in 1952, recognized as Nasdaq Best Bank in Utah 2025.

Qualifications

• Good computer skills including Windows environment.
• Good analytical, oral and written communication skills with clear, concise presentation abilities.
• BS Degree in Accounting or Finance or 2 years equivalent work experience.
• Ability to work in a team setting.

Responsibilities

• Review loans for deterioration in credit quality and align with Bank policy and regulations; assess risk and recommend actions.
• Analyze borrower's financial position; spread and summarize financial statements for loan officers.
• Perform portfolio risk analysis and prepare management reports on trends affecting the loan portfolio.
• Prepare various management reports as assigned by department management.
• Other duties as assigned.

Skills

Computer skills

Analytical communication

Oral and written communication

Teamwork

Education

BS in Accounting or Finance

2 years equivalent experience

Job description

Thanks for your interest in applying to the Bank of Utah. My name is Jared Sellers, and I work as SVP Team Leader. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named Nasdaq’s Best Bank in Utah for 2025 and a Top 100 Fastest Growing Company.

Our Mission Statement

We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.

Job Opening Details

Currently open position of Credit Analyst to work Monday - Friday from 8 - 5 PM at our Branch located in Orem, UT. This Credit Analyst evaluates individual credits for compliance with underwriting guidelines and accuracy of risk rating. Analyzes bank’s loan portfolio for deterioration in quality. Researches local and national economic trends and interprets the potential impact on the loan portfolio. Analyzes and spreads customer financial statements. Evaluates risks in the loan portfolio and prepares management reports on the status of the loan portfolio.

Job Qualifications

• Good computer skills including but not limited to those found in a Windows environment.
• Good analytical, oral and written communication skills combined with the ability to present information in a clear and concise manner.
• BS Degree in Accounting or Finance or 2 years equivalent work experience.
• Ability to work in a team setting.

Job Description

• Review Bank Loans. Critiques and evaluates loans for deterioration in credit quality. Scrutinizes individual loan files for compliance with Bank policy, federal regulations, completeness and accuracy of loan documents, financial strength of borrower, strength of collateral position and accuracy in risk grading. Identifies weakness in credits for potential problems and/or losses and recommends corrective actions. Researches economic information and monitors economic trends in the major industries affecting our loan portfolio and determines if additional risks to the bank have occurred.
• Analyze Borrower's financial position. Spreads and analyzes borrower's financial statements and prepares written summaries of findings for use by Loan Officers on applications for new loans and annual renewals. Analyzes and compares borrower financial performance to peer groups using national statistics. Conducts full loan analysis, including industry and local economic trends and risks, of selected borrowers. Preparation of Prescreen on existing and prospective Borrowers.
• Portfolio Risk Analysis. Researches and analyzes information relative to the bank’s risk in identified areas of loan and industry concentrations. Prepares management reports of specific economic or market trends affecting the bank’s loan portfolio. Conduct annual evaluations of large credits. Performs an examination and evaluation of individual loan officer and/or branch loan portfolios.
• Prepares various management reports as assigned by department management.
• Other duties as assigned.

Benefits of Working with Us

Bank of Utah's comprehensive benefits package includes:

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + paid time off, including paid parental leave
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

*The wage listed is within the range associated with this position. Actual compensation will be based on qualifications and experience.