Commercial/Business Banking Underwriter - Midvale, UT (In Office)

Zions Bancorporation • Midvale, UT

17h • Onsite

About The Position

Zions Bancorporation is a premier financial services company with total assets exceeding $70 billion. The Commercial Small Business Banking Underwriter position is an in-office role located at the Zions Technology Center in Midvale, UT. The ideal candidate will be responsible for compiling data for credit packages, interpreting analysis outcomes, and making recommendations for loan approvals or denials. This role involves evaluating commercial, commercial real estate, and business banking loan applications, spreading financial statements, identifying credit strengths and weaknesses, and ensuring compliance with bank policies and regulations. The underwriter will also identify risks and mitigating factors, respond to customer inquiries, recommend exceptions, and may work with Relationship Managers on complex loan structuring. Senior underwriters may also function as leads and provide second-level approvals.

Requirements

• 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 a various related software applications, including spreadsheets, word processing, etc.

Responsibilities

• 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 organizations guidelines.
• Senior most level may function as a lead and be responsible for second level approvals.
• Other duties as assigned.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level