Commercial Underwriter jobs in Utah
Recently Added Commercial Underwriter jobs
- First Utah Bank
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Salt Lake, UT
FULL_TIME
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- Job Tracking ID: 512729-869291
- Job Location: Salt Lake City, UT
- Job Type: Full-Time/Regular
- Date Updated: December 04, 2023
- Starting Date: ASAP
- Reports to*: Credit Dept. Manager
$1,000 Signing Bonus Offered
COVID Vaccination Required (Booster and/or Current Vaccine not required, just an initial vaccination)
This job has a flexible option available (2 days work from home, 3 days in the office; to be offered upon Manager's approval)
The Loan Underwriter reports directly to the Credit Department Manager and is responsible for analysis and documentation of consumer and business loans. The Loan Underwriter is responsible to make sure all credit applications are validated against bank policies.
Conduct credit investigations and analyze information pertaining to commercial, SBA, USDA and other government guaranteed loan requests using all available sources in order to form opinions for approving or denying commercial loan/lease applications.
Prepare written Credit Approval Documents for presentation to appropriate levels of approval authorities.
Able to perform financial and spread analysis, credit and lending, and experience working with various types of SBA, USDA B&I and commercial loans.
Remain up-to-date in knowledge and application of federal regulations, SBA/USDA eligibility and underwriting criteria.
Determine cash flow and overall financial strength of commercial borrowers using appropriate tax and financial statement analysis. Possess the ability to spread financial statements and analyze borrower's historical performance and projections versus industry peers.
Able to analyze the viability of various types of collateral including accounts receivable, inventory, equipment and commercial real estate to assess proper loan to value and sufficiency of collateral coverage.
Review and analyze complex bank transactions to ensure proper documentation and security.
Participate in detailed screening, structuring, packaging, and negotiation of loan requests.
Interpret and summarize third-party reports such as appraisals, environmental assessments, preliminary title reports, etc.
Experience and Skills:
Skills and Abilities:
Excellent interpersonal, verbal and written communication skills.
Accuracy and detail-oriented.
Strong working knowledge of accounting principles and financial statement structure and analysis.
MS Word and Excel capabilities.
Knowledge and understanding of current federal lending and banking regulations preferred.
- Experience with SBA 7(a), Express, CAPLine, and/or USDA B&I programs, a plus.
Experience:
2 - 5 years previous Credit Analyst or loan underwriting experience.
Education:
Bachelor’s Degree in related field or equivalent work experience.
Benefits
Medical, Dental, Vision, 401k (5% employer match), FSA, Company paid Life and Disability, Paid Time Off, an additional 12 paid holidays, tuition reimbursement, excellent work/life balance, and employee events!
- Just Posted
- WCF Insurance
-
Sandy, UT
FULL_TIME
- Position WCF is an A Rated insurance carrier that is growing in the western U.S. and is looking for an applicant that wants to join a company with a great culture, competitive pay, and outstanding ben...
- 9 Days Ago
- firstutahbank
-
Salt Lake, UT
FULL_TIME
- Job Description: $1,000 Signing Bonus Offered COVID Vaccination Required (Booster and/or Current Vaccine not required, just an initial vaccination) This job has a flexible option available (2 days wor...
- 27 Days Ago
- FBL Financial Group, Inc.
-
Sandy, UT
FULL_TIME
- Commercial Marketing Underwriter Do you have experience driving the acquisition of profitable new business by accepting, modifying, or rejecting various Commercial new business risk? Do you have exper...
- 1 Month Ago
- AgileCap
-
Park, UT
FULL_TIME
- Company DescriptionAgileCap is a growing entrepreneurial company based in Park City, UT. The company has lent millions in capital funding to insurance agencies since it began in 1998. Initially launch...
- 1 Month Ago
- Remote - Zions Bank Careers
-
Midvale, UT
FULL_TIME
- 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...
- 3 Days Ago
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