SBA Underwriter - UT, AZ, CO, NV, TX, ID (Remote)

Zions Bancorporation • Midvale, UT

1d • Onsite

About The Position

Zions Bancorporation is a premier financial services company with over $70 billion in assets, operating in 11 western states with a commitment to local communities, customers, and employees. This position is located at the Zions Bancorporation Technology Center in Midvale, UT, and the ideal candidate should reside within Zions' operational footprint. The SBA Underwriter will be responsible for underwriting SBA guaranteed loan products, primarily 7a, Express, and 504 loans, ensuring compliance with SBA SOP, bank policies, and banking regulations. This role involves compiling data for credit packages, analyzing financial information, evaluating loan applications, identifying risks, and responding to customer inquiries. The underwriter will also recommend exceptions, assist with loan structuring, and may have approval authority beyond organizational guidelines. Senior underwriters may also serve as leads and perform second-level approvals. Other duties as assigned.

Requirements

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

Nice To Haves

• Knowledge of the SBA SOP (Standard Operating Procedures).
• 3+ years of direct SBA underwriting experience including 7a, Express, and 504 loans.
• Experience underwriting commercial loans with a construction component (i.e. – ground-up construction, building expansion, tenant improvements).

Responsibilities

• Underwrite SBA guaranteed loan products, primarily 7a, Express, and 504 loans ensuring adherence to SBA SOP, bank policies, banking regulations and laws.
• Compile data as it relates to the 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.
• 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 organization’s 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: Senior