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

Zions Bancorporation•Midvale, UT

2d•Onsite

About The Position

This position is in-office 5 days a week located at our new Zions Technology Center in Midvale, UT. The ideal candidate for the Commercial Small 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 organizations guidelines. · Senior most level may function as a lead and be responsible for second level approvals. · Other duties as assigned.

Requirements

Bachelor's degree in Finance, Business, Accounting, or a related field.
1+ year of experience in commercial, commercial real estate credit, or small business underwriting, spread analysis, lending, underwriting concepts, practices, and procedures, or other directly related experience.
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 for credit analysis.
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 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, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills.
Working knowledge of various related software applications, including spreadsheets and word processing.

Nice To Haves

A combination of education and experience may meet qualifications.

Responsibilities

Compilation of data for credit packages (or pre-screens) incorporating spreads, cash flow, collateral value, appraisals, audits, and other data.
Interpretation of analysis outcomes and preparation of summaries and recommendations.
Joint presentations with Relationship Manager (RM) to Credit Approvers on loan renewals and new loans.
Evaluation, analysis, and decision-making for approving or denying commercial, commercial RE, and/or business banking loan applications.
Spreading financial statements, identifying credit strengths and weaknesses, and providing detailed analysis of credit worthiness.
Ensuring credit requests comply with bank policies, banking regulations, and laws.
Identification of risks and mitigating factors through thorough credit analysis.
Responding to internal and external customer inquiries.
Recommending exceptions based on findings.
Working with Relationship Manager on complex loan structuring aspects (e.g., long-term, fixed vs. variable rates, pre-payment penalties).
Potentially having authority to approve loans beyond organizational guidelines.
Potentially functioning as a lead and responsible for second-level approvals (senior most level).
Performing other duties as assigned.