Commercial Small Business Underwriter - (Hybrid Work Schedule)
Location: Midvale, Utah
Internal Number: 10280_060380
Did you know that Zions Bancorporation is one of the nation's premier financial services companies with total assets exceeding $70 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven't forgotten who keeps us in business, meaning we're committed to the success of our customers, and our employees. Here, the possibilities are endless - come for a job, stay for a career.
This position is located at our new Technology Center in Midvale, UT. This position is a hybrid work schedule.
The ideal candidate for the Commercial Small Business 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 organization's guidelines.
Senior most level may function as a lead and be responsible for second level approvals.
Other duties as assigned.
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.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.9 billion in 2021 and more than $90 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, ranking as the tenth largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.