SBA Underwriter - Remote

CRE Finance Council; Utah; Remote; USD 55,000 - 115,000; Full time

Job summary

An established industry player is seeking a Commercial Business Banking Underwriter to join their dynamic team. This role involves analyzing credit applications, preparing comprehensive credit packages, and collaborating with Relationship Managers to ensure sound lending decisions. The ideal candidate will have a strong background in finance and a keen eye for detail, enabling them to assess risks effectively. With a commitment to employee success and community impact, this organization offers a supportive environment where you can thrive and grow in your career. If you're ready to make a meaningful contribution in the financial services sector, this opportunity is for you.

Benefits

Medical, Dental and Vision Insurance

Life and Disability Insurance

Paid Time Off (PTO)

401(k) with company match

Tuition Reimbursement

Mental Health Benefits

Paid Parental Leave

Adoption Assistance

Flexible Spending Accounts

Cash Bonus Awards

Qualifications

• 1+ year experience in commercial credit underwriting and analysis.
• Basic knowledge of lending practices and procedures.

Responsibilities

• Compile data for credit packages and analyze loan applications.
• Evaluate risks and make recommendations for loan approvals.

Skills

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

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 remote work schedule. The ideal candidate will reside within the footprint of Zions Bancorporation.

The ideal candidate for the Commercial Business Banking Underwriter position will have the skills and experience necessary to:

1. 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.
2. 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.
3. Evaluate, analyze and form opinions for the approving or denying of commercial, commercial RE, and/or business banking loan applications.
4. Spread financial statements, identify credit strengths and weaknesses, provide detailed and documented analysis of credit worthiness.
5. Ensure credit requests are processed in accordance with bank policies, banking regulations and laws.
6. Identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
7. Respond to internal and external customer inquiries.
8. Recommend exceptions based on findings.
9. 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.
10. May have authority to approve loans beyond the organization’s guidelines.
11. Senior most level may function as a lead and be responsible for second level approvals.
12. Other duties as assigned.
13. Knowledge of Small Business Administration (SBA) Guarantee Loan Program experience preferred.

Qualifications:

1. 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.
2. A combination of education and experience may meet qualifications.
3. Basic knowledge of commercial, commercial RE and/or small business credit underwriting, spread analysis, lending, underwriting concepts, practices and procedures.
4. 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.
5. Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
6. Ability to analyze and research financial statements, business plans, credit reports, debt ratios and loan to value information.
7. Possess good judgment, ability to make sound decisions.
8. Ability to accept responsibility and handle confidential information.
9. Must have good customer relations and communication skills.
10. Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
11. Working knowledge of various related software applications, including spreadsheets, word processing, etc.

Benefits:

1. Medical, Dental and Vision Insurance - START DAY ONE!
2. Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
3. Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
4. Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
5. 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
6. Salary Range – Depending on experience
7. Level II - $55,500 to $81,400
8. Level III - $65,625 to $96,250
9. Level IV - $78,375 to $114,950
10. Mental health benefits including coaching and therapy sessions
11. Tuition Reimbursement for qualifying employees
12. Employee Ambassador preferred banking products
13. Employees may, at the company’s discretion, be eligible to receive a cash bonus award