SBA Underwriter - Remote

BankTalent HQ; Midvale (UT); Remote; USD 55,000 - 97,000; Full time

Job summary

An established industry player is seeking a skilled SBA Underwriter to join their dynamic team. This role offers the chance to work remotely while contributing to the underwriting of SBA guaranteed loan products. The ideal candidate will analyze loan applications, prepare credit packages, and collaborate with Relationship Managers to ensure compliance with banking regulations. With a commitment to employee success and community impact, this company provides a supportive environment where your expertise will help shape financial solutions for clients. Explore a rewarding career with competitive benefits and opportunities for growth.

Benefits

Medical, Dental, and Vision Insurance

Life and Disability Insurance

401(k) plan with company match

Paid Training

Tuition Reimbursement

Mental health benefits

Paid Parental Leave

Flexible Spending Account

Profit Sharing

Employee Ambassador preferred banking products

Qualifications

• 1+ year of relevant experience in underwriting or credit analysis.
• Ability to analyze financial statements and business plans.
• Strong judgment and decision-making skills.

Responsibilities

• Underwrite SBA guaranteed loan products ensuring adherence to regulations.
• Evaluate loan applications and analyze creditworthiness.
• Compile data for credit packages and present findings.

Skills

Credit Analysis

Financial Statement Analysis

Risk Identification

Customer Relations

Decision-Making

Attention to Detail

Education

Bachelor's degree in Finance

Bachelor's degree in Business

Bachelor's degree in Accounting

Tools

SBA SOP Knowledge

Relevant Software Applications

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 position is eligible for a remote work schedule. The ideal candidate will reside within the footprint of Zions Bancorporation.

The ideal candidate for the SBA Underwriter position will have the skills and experience necessary to:

1. Underwrite SBA guaranteed loan products, primarily 7a, Express, and 504 loans ensuring adherence to SBA SOP, bank policies, banking regulations, and laws.
2. Compile data related to the preparation of credit packages, including spreads, cash flow, collateral value, appraisals, audits, and other data.
3. Interpret analysis outcomes, prepare summaries and recommendations, and may present jointly with Relationship Managers to Credit Approvers.
4. Evaluate and analyze loan applications for commercial, commercial RE, and business banking, forming opinions on approval or denial.
5. Spread financial statements, identify credit strengths and weaknesses, and analyze creditworthiness in detail.
6. Identify risks and mitigation factors during credit analysis for approval.
7. Respond to internal and external customer inquiries.
8. Recommend exceptions based on analysis findings.
9. Work closely with Relationship Managers on complex loan structuring aspects, including rates, prepayment penalties, etc.
10. Possibly have authority to approve loans beyond guidelines.
11. The senior-most level may serve as a lead and be responsible for second-level approvals.
12. Perform other duties as assigned.

Required Qualifications:

1. Bachelor's degree in Finance, Business, Accounting, or related field, with 1+ year of relevant experience in underwriting, credit analysis, or related areas.
2. A combination of education and experience may also qualify.
3. Basic knowledge of commercial, RE, and small business credit underwriting, spread analysis, and related practices.
4. Understanding of C&I and CRE loan requirements, risk identification, and financial statement analysis.
5. Knowledge of lending policies, procedures, laws, and regulations.
6. Ability to analyze financial statements, business plans, credit reports, and debt ratios.
7. Good judgment and decision-making skills.
8. Ability to handle confidential information responsibly.
9. Strong customer relations and communication skills.
10. Self-starter with dependability, accuracy, attention to detail, and organizational skills.
11. Working knowledge of relevant software applications.

Preferred Qualifications:

1. Knowledge of SBA SOP.
2. 3+ years of SBA underwriting experience, including 7a, Express, and 504 loans.
3. Experience with commercial loans involving construction components.

Benefits:

1. Medical, Dental, and Vision Insurance - START DAY ONE!
2. Life and Disability Insurance, Paid Parental Leave, and Adoption Assistance
3. Health Savings Account (HSA), Flexible Spending Account (FSA), and dependent care accounts
4. Paid Training, PTO, and 11 Federal Holidays
5. 401(k) plan with company match, Profit Sharing, and competitive compensation based on experience
6. Salary Range varies by level: Level II - $55,500 to $81,400; Level III - $65,625 to $96,250; Level IV - $78,375 to $114,950
7. Mental health benefits including coaching and therapy
8. Tuition Reimbursement for qualifying employees
9. Employee Ambassador preferred banking products
10. Potential eligibility for cash bonus awards at company's discretion