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

Zions Bancorporation•Midvale, UT

1d•Onsite

About The Position

Zions Bancorporation is hiring a Commercial/Small Business Banking Underwriter. The position is in-office five days a week at the Zions Technology Center in Midvale, Utah. The underwriter compiles and analyzes information for commercial, commercial real estate, and/or business banking credit requests, evaluates loan applications, and provides recommendations to credit approvers. The role works with Relationship Managers and may handle more complex loan structuring, loan approvals beyond organizational guidelines, or second-level approvals at the senior-most level.

Requirements

Bachelor's degree in Finance, Business, Accounting, or a related field, and at least 1 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 and the ability to identify risk 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, detail-oriented, 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, collateral value, appraisals, audits, and other relevant information.
Interpret analytical results, prepare summaries and recommendations, and potentially present renewals and new loan submissions jointly with a Relationship Manager to Credit Approvers.
Evaluate, analyze, and form opinions about approving or denying commercial, commercial real estate, and/or business banking loan applications.
Spread financial statements, identify credit strengths and weaknesses, and document detailed creditworthiness analyses.
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 analysis findings.
Work with Relationship Managers on complex loan structuring, potentially including term, fixed or variable rates, and prepayment penalties.
At senior-most level, potentially serve as a lead and handle second-level approvals.
Potentially approve loans beyond organizational guidelines.
Perform other duties as assigned.

Benefits

Medical, dental, and vision insurance starting 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 based on work experience.
Mental health benefits, including coaching and therapy sessions.
Tuition reimbursement for qualifying employees.
Preferred banking products for employees through the Employee Ambassador program.
Employees may be eligible, at the company's discretion, to receive a cash bonus award.