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

Zions Bancorporation•Midvale, UT

1d•Onsite

About The Position

Zions Bancorporation is seeking a Commercial/Small Business Banking Underwriter. The position is based in-office five days a week at the Zions Technology Center in Midvale, Utah, despite the posting also describing it as remote. The underwriter compiles data for credit packages and pre-screens, analyzes loan applications, and prepares documented recommendations for credit decisions. The role may include presenting recommendations with a Relationship Manager to Credit Approvers, working on loan structuring, and—at the senior-most level—serving as a lead and handling second-level approvals.

Requirements

Bachelor's degree in Finance, Business, Accounting, or a related field and at least one year of 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 qualify.
Basic knowledge of commercial, commercial real estate, and/or small business credit underwriting, spread analysis, lending, and underwriting concepts, practices, and procedures.
Basic knowledge of C&I and CRE loan requirements, including the ability to identify risks and mitigating factors in credit analysis.
Knowledge of balance sheets, income statements, and cash flow statements.
Good understanding of commercial and/or small business lending policies and procedures and general banking laws and regulations.
Ability to analyze and research financial statements, business plans, credit reports, debt ratios, and loan-to-value information.
Good judgment and ability to make sound decisions.
Ability to accept responsibility and handle confidential information.
Good customer relations and communication skills.
Self-starter who is dependable, accurate, attentive to detail, and organized.
Working knowledge of related software applications, including spreadsheets and word processing.

Responsibilities

Compile data for credit packages or pre-screens, including spreads, cash flow, related collateral values, appraisals, audits, and other relevant information.
Interpret analysis outcomes and prepare summaries and recommendations; may jointly present renewals and new loan submissions with the Relationship Manager to Credit Approvers.
Evaluate, analyze, and form opinions on approving or denying commercial, commercial real estate, and/or business banking loan applications.
Spread financial statements, identify credit strengths and weaknesses, and provide detailed, documented creditworthiness analysis.
Ensure credit requests are processed in accordance with bank policies, banking regulations, and laws.
Identify risks and mitigating factors through thorough credit analysis.
Respond to internal and external customer inquiries.
Recommend exceptions based on findings.
Work with the Relationship Manager on complex loan structuring matters, potentially including term, fixed versus variable rates, and prepayment penalties.
At the senior-most level, potentially function as a lead and be responsible for second-level approvals.
Perform other duties as assigned.

Benefits

Medical, dental, and vision insurance starting on day one.
Life and disability insurance.
Paid parental leave and adoption assistance.
Health savings, flexible spending, and dependent care accounts.
Paid training, paid time off, and 11 paid federal holidays.
401(k) plan with company match and profit sharing.
Competitive compensation in line with work experience.
Mental health benefits, including coaching and therapy sessions.
Tuition reimbursement for qualifying employees.
Preferred banking products for employees.
Employees may be eligible, at the company's discretion, to receive a cash bonus award.