SBA Underwriter – (Remote)

Zionsbancorp; United States; Remote; USD 65,000 - 100,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance –

Life and Disability Insurance

401(k) plan with company match

Paid time off and holidays

Job summary

Zions Bancorporation seeks an SBA Underwriter to assess SBA loan packages, focusing on 7a, Express and 504 loans. The role supports credit decisions with detailed cash flow analysis, collateral review and risk assessment.

A remote option is available within the footprint, with on-site work possible near Midvale, UT, and a typical 40-hour workweek. The ideal candidate has 1+ year in SBA or commercial lending, strong analytical skills, and solid knowledge of lending regulations.

Qualifications

• Bachelor’s in Finance, Business, Accounting or related field.
• 1+ year experience in commercial, CRE credit or SBA underwriting or related work.
• Basic knowledge of SBA lending policies and applicable laws.
• Ability to analyze financial statements, cash flows and credit reports.
• Strong judgment, discretion and attention to detail.
• Proficiency with MS Office and basic software tools.

Responsibilities

• Underwrite SBA loan products (7a, Express, 504) per SBA SOP and bank policies.
• Prepare credit packages with spreads, cash flow, collateral value and appraisals.
• Present analysis summaries to Credit Approvers with RM for renewals and new loans.
• Evaluate and approve/deny commercial and CRE loan applications within guidelines.
• Spread financials, identify credit strengths/weaknesses and document analysis.
• Respond to inquiries and mitigate identified risks.

Skills

Communication skills

Attention to detail

Analytical thinking

Self-starter

Confidentiality

Decision making

Customer service

Organizational skills

Software literacy

Education

Bachelor's in Finance/Business/Accounting

Tools

MS Office

Spreadsheets

Credit underwriting software

Job description

SBA Underwriter – (Remote)(

Job Number:

1. hours per week: 40

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 can be located 100% remote within Zions Bancorporation’s footprint or will be in-office 5 days a week if you live within 50 miles of the new Zions Technology Center in Midvale, UT.

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

• 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 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 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).

Salary (depending on location and experience): $65,000-$100,000

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

Work Locations

Utah-Midvale-UT – Zions Tech Center Nevada, Texas, Colorado, Arizona Credit Admin

ABOUT OUR COMPANY

Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $65 billion. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services, and is a consistent top recipient of Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. For more information,

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 Web site to apply for employment, please contact us at [phone], Mon.-Fri. between 9 a.m. – 5 p.m. MST Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States. Learn more

Learn more about employee rights and responsibilities under the Family and Medical Leave Act (FMLA). Learn More about Equal Employment Opportunity Rights.