Zions Bancorporation

SBA Underwriter - Midvale, UT (In Office)

Zions Bancorporation • $60K — $125K *
Midvale, UT 84047In-Person
Finance & Insurance
Less than 5 years of experience
6 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business, Accounting, or related field required.
  • 1+ years of experience in commercial or small business underwriting or related roles.
  • Basic understanding of commercial and small business lending policies and regulations.
  • Ability to analyze financial statements and credit reports efficiently.
  • Strong communication and customer relations skills are essential.
  • Detail-oriented with excellent organizational skills.

Responsibilities

  • Compile and prepare credit packages for loan applications.
  • Interpret financial analysis outcomes and present findings to credit approvers.
  • Evaluate and analyze loan applications to determine creditworthiness.
  • Identify credit strengths and weaknesses through financial statement analysis.
  • Ensure compliance with bank policies and relevant regulations.
  • Identify risks and propose mitigation strategies during credit analysis.
  • Provide responses to customer inquiries and maintain relationships with stakeholders.

Benefits

  • Comprehensive health insurance (medical, dental, vision) starting on first day.
  • Generous paid leave policies including parental leave and adoption assistance.
  • Health Savings and Flexible Spending accounts available.
  • Paid training and generous PTO with 11 paid federal holidays.
  • 401(k) retirement plan with company matching and profit sharing options.
  • Support for mental health services including therapy sessions and coaching.
  • Tuition reimbursement available for eligible employees.
Full Job Description
The ideal candidate for the Commercial Business Banking Underwriter position will have the skills and experience necessary to:
  • 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.
  • 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.
  • Ensure credit requests are processed in accordance with bank policies, banking regulations and laws.
  • 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.
  • Knowledge of Small Business Administration (SBA) Guarantee Loan Program experience preferred.


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.


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 - $60,000 to $88,000
    • Level III - $70,875 to $103,950
    • Level IV - $85,500 to $125,400
  • 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

About Zions Bancorporation

Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. It is the parent company of Zions Bank, which operates in 11 Western and Southwestern states. Zions Bancorporation provides banking and related services through its subsidiaries and offers a variety of commercial, retail banking, and mortgage lending products. The company was founded in 1873 and has grown through a series of mergers and acquisitions. Zions Bancorporation is publicly traded on the NASDAQ stock exchange under the ticker symbol ZION.
Learn more about Zions Bancorporation
Size
10,000 employees
Industry
Finance & Insurance
Founded
1873
* Ladders Estimates

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