SBA Underwriter - Midvale, UT (In Office)

About the role

Zions Bancorporation is a leading financial services company with over $70 billion in assets. Based in 11 western states, the company is committed to its local communities and employees. This position is eligible for a remote work schedule and requires candidates to reside within the Zions footprint.

Responsibilities

• Compile data for credit package preparation, including spreads, cash flow, value of related collateral, appraisals, audits, and other relevant information.
• Interpret analysis outcomes and prepare summaries, recommendations, and joint presentations with Relationship Managers to Credit Approvers for renewals and new loan submissions.
• Evaluate and analyze loan applications for commercial, commercial real estate, and business banking sectors, identifying credit strengths and weaknesses through detailed and documented analysis.
• Ensure compliance with bank policies, banking regulations, and laws during the loan processing phase.
• Identify risks and mitigation strategies for thorough credit analysis.
• Respond to customer inquiries and recommend exceptions based on findings.
• Collaborate with Relationship Managers on complex loan structuring, including discussions on long-term, fixed vs. variable rates, pre-payment penalties, and other variables.
• May have authority to approve loans beyond established guidelines, especially at senior levels where they can also serve as leads and manage second-level approvals.

Requirements

• Bachelor's degree in Finance, Business, Accounting, or a related field with 1+ years of commercial, commercial real estate credit or small business underwriting, spread analysis, lending, underwriting concepts, practices, and procedures.
• Basic knowledge of commercial, commercial real estate, and small business credit underwriting, spread analysis, lending, underwriting concepts, practices, and procedures.
• Understanding of C&I and CRE loan requirements, ability to identify risks and mitigating factors, and knowledge of balance sheets, income, and cash flow statements.
• Knowledge of commercial and small business lending policies and procedures, general banking laws and regulations, and proficiency in analyzing financial statements, business plans, credit reports, debt ratios, and loan-to-value information.
• Good judgment, decision-making abilities, and strong customer relations and communication skills.
• Self-starter, dependable, organized, and detail-oriented with working knowledge of relevant software applications.

Qualifications

• Basic knowledge of commercial, commercial real estate, and small business credit underwriting, spread analysis, lending, underwriting concepts, practices, and procedures.
• Ability to analyze and research financial statements, business plans, credit reports, debt ratios, and loan-to-value information.
• Good understanding of commercial and small business lending policies and procedures and general banking laws and regulations.
• Ability to make sound decisions and possess good judgment.
• 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
• Life and Disability Insurance
• Paid Parental Leave and Adoption Assistance
• Health Savings (HSA) and Flexible Spending (FSA) Accounts
• Paid Training, Paid Time Off (PTO), and 11 Paid Federal Holidays
• 401(k) plan with company match and profit sharing
• Competitive compensation based on experience
• Mental health benefits including coaching and therapy sessions
• Tuition reimbursement for qualifying employees
• Employee Ambassador program
• Preferred banking products