SBA Underwriter - Remote

Lensa; Midvale (UT); Remote; USD 55,000 - 115,000; Full time

Job summary

An established industry player in financial services is looking for a skilled Underwriter to join their dynamic team. This role involves evaluating loan applications, conducting thorough credit analyses, and ensuring compliance with banking regulations. The ideal candidate will possess a strong background in commercial underwriting and demonstrate excellent analytical and decision-making skills. With a commitment to community and employee well-being, this organization offers a supportive work environment and numerous benefits from day one. If you are ready to take the next step in your career and make a meaningful impact, this opportunity is perfect for you.

Benefits

Medical, Dental and Vision Insurance

Life and Disability Insurance

Paid Parental Leave

Tuition Reimbursement

401(k) plan with company match

Paid Time Off (PTO)

Mental health benefits

Employee Ambassador preferred banking products

Profit Sharing

Cash bonus award eligibility

Qualifications

• Bachelor's degree in Finance, Business, or Accounting required.
• 1+ year experience in commercial credit underwriting or related fields.

Responsibilities

• Underwrite SBA guaranteed loan products ensuring adherence to regulations.
• Compile data for credit packages and analyze financial statements.

Skills

Commercial Underwriting

Credit Analysis

Financial Statement Analysis

Risk Assessment

Customer Relations

Attention to Detail

Decision Making

Education

Bachelor's in Finance

Bachelor's in Business

Bachelor's in Accounting

Tools

Spreadsheets

Word Processing Software

Job description

Lensa is the leading career site for job seekers at every stage of their career. Our client, Zions Bancorporation, is seeking professionals. Apply via Lensa today!

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. Here, the possibilities are endless – come for a job, stay for a career. This position is eligible for remote work schedule. The ideal candidate will reside within the footprint of Zions Bancorporation.

Responsibilities

• Underwrite SBA guaranteed loan products, primarily 7a, Express, and 504 loans ensuring adherence to SBA SOP, bank policies, banking regulations and laws.
• Compile data as it relates to the 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.
• 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 organization’s guidelines.
• Senior most level may function as a lead and be responsible for second level approvals.
• Other duties as assigned.

Required 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 analyze 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 various related software applications, including spreadsheets, word processing, etc.

Preferred Qualifications

• Knowledge of the SBA SOP (Standard Operating Procedures).
• 3+ years of direct SBA underwriting experience including 7a, Express, and 504 loans.
• Experience underwriting commercial loans with a construction component (i.e. – ground-up construction, building expansion, tenant improvements).

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
• Salary Range – Depending on experience
• Level II - $55,500 to $81,400
• Level III - $65,625 to $96,250
• Level IV - $78,375 to $114,950
• 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.

Req ID: 066879

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.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

IT Services and IT Consulting