Underwriter Trainee jobs in Layton, UT

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Commercial Underwriter III
  • America First Credit Union
  • ROY, UT FULL_TIME
  • Overview

    Under the direction of the manager this position is responsible for underwriting, reviewing, analyzing, and understanding business financial performance as part of the commercial loan origination and underwriting process.  It spreads, assembles, and accurately analyzes borrower financials.  It generates analysis summaries that can be applied to loan underwriting.  Effectively communicates findings to relevant parties.

     

    Provides in-depth analysis and underwriting of business, commercial and industrial loan applications. Provides in-depth analysis and review of existing commercial loans. Identifies needs of existing business membership and communicates future opportunities. Provides high quality and professional service to business members. Supports credit union departments and branches. Works with staff to improve operations. Ensures the accuracy of commercial loan applications submitted for committee approval.

    Responsibilities

    1. Maintaining the underwriting, analysis and evaluation of commercial loan applications per credit union policy, procedure, and industry standards

    a. Spreads financial information of new loan applications to provide sufficient understanding of the borrower’s financial position, managerial strategy, and expected financial performance.b. Analyzes financial statements and formulates questions about borrowers and guarantors to understand borrowing position and risk.c. Tests presumed collateral value and performance utilizing the income capitalization and other relevant methods.d. Provides brief written analysis for the preflight screening of all new loan originations. This includes but is not limited to the analysis of: management, financial statements, and collateral. Identifies key risk to repayment sources and provides mitigants.e. Provides written analysis for the credit presentation to senior management, ALM, and those with credit approval authority.f. Assists with opening new business accounts for new loans.

     

    2. Supporting the management and monitoring of the commercial loan portfolio

    a. Works with team to collect required financial reporting from existing borrowers.b. Regularly reviews loan portfolio for potential delinquencies and upcoming maturing loans and works with commercial loan officer to resolve these in a timely manner.c. Analyzes financial statements of existing borrowers to provide sufficient understanding of the borrower’s current financial position, current financial performance, and strategic performance. d. Measures borrower compliance with loan contract covenants.e. Updates loan risk grades using the commercial loan grading risk model. f. Compiles all the above information in a summary annual review of the findings, which is reported to management on an annual or quarterly basis.

     

    3. Establishing and maintaining effective coordination and communication with credit union personnel and with management.

    a. Assists all other employees in operational duties as needed. Informs departments and branches as needed.b. Completes required reports, records and other documentation.c. Attends and participates in meetings and trainings as required.d. Keeps management informed of area activities. Immediately reports any significant problems or concerns.

     

    4. Other related duties as required or assigned.

    a. Stays informed regarding local and national economic conditions. Monitors legal and regulatory changes.b. Ensures proper maintenance, cleanliness, and security of work area. Ensures member confidentiality.c. Accountable to review and respond to policy violations and document rejects in a timely manner. d. Completes special projects and other duties as assigned

    Qualifications

    Training/Education/Certification:

    • Bachelor’s Degree in Business or related field or equivalent combination of formal training and experience

    Preferred Training/Education/Certification:• Master’s degree in business preferred• Current Certified Lending Authority• Business Lending Certified Authority• Professional business lending training, which could include but not limited to:o CUES Business Lending 1, 2, 3o Pacific Coast Banking Schoolo Shockproofo Moody’so Omegao RMA

     

    Required Knowledge:

    • Thorough knowledge of Credit Union products, services, policies, and procedures including but not limited to: consumer and residential lending practices.• Understanding of accounting functions, financial statements, and GAAP requirements• Understanding of business lending functions• Understanding of credit worthiness• Understanding of training and development processes• Understanding of MS Office software applications.

     

    Experience Required:

    • Minimum of 10 years of progressive credit union experience, preferably in areas where accounting, underwriting, and financial analysis skills were demonstrated.• Minimum of 5 years of directly related commercial and business underwriting experience.• Experience reading, dissecting, and interpreting financial statements required.• Experience underwriting credit, identifying credit risk, and mitigating credit risk including extensive experience with business credit.

     

    Preferred Experience:

    • Minimum of 10 years of progressive business or commercial lending underwriting experience.• Experience underwriting complex deal structures with multiple entities, guarantors, and sources of cash flow.

     

    Skills/Abilities:

    • Excellent communication and interpersonal abilities. • Excellent phone skills and professional phone etiquette.• Excellent problem-solving, analysis, and financial skills. • Strong ability to prioritize tasks and assignments. Highly organized and attentive to detail. • Highly motivated and able to motivate others.• Willing to cooperate with and assist others.• Able to use PC, printer, phones, fax, and business equipment.• Able to operate required computer applications and software.• Able to analyze loan documents, financial statements, and other borrower information.• Able to achieve goals.

  • 21 Days Ago

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Indirect Lending Underwriter
  • Goldenwest Credit Union
  • Ogden, UT FULL_TIME
  • WHO WE ARE Goldenwest Credit Union is a premier non-profit financial cooperative providing exceptional member service to our members in Utah and Idaho. Our employees earn a guaranteed base wage, annua...
  • 2 Days Ago

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Indirect Lending Underwriter
  • Goldenwest Credit Union
  • Washington, UT FULL_TIME
  • WHO WE AREGoldenwest Credit Union is a premier non-profit financial cooperative providing exceptional member service to our members in Utah and Idaho. Our employees earn a guaranteed base wage, annual...
  • 2 Days Ago

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Mgr Trainee
  • Hertz Local Edition
  • Layton, UT FULL_TIME
  • Join Hertz Local Edition Corp (HLE) as a Branch Manager Trainee! Each year, many talented people join HLE, and the best become future Branch Managers of our Hertz Local Edition branches. Our program p...
  • 21 Days Ago

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Driver trainee
  • Admiral Beverage Corporation
  • Ogden, UT FULL_TIME
  • Job Description Primary Location : Ogden, Utah Ogden, Utah Driver Trainee : Complete all required tasks in the CDL training program to become a local delivery driver. Candidates provide excellent cust...
  • Just Posted

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Farm Trainee
  • Eden Streets
  • Ogden, UT PART_TIME
  • About usEden Streets is a nonprofit that relaunches lives through farming. Our missions is to empower communities to grow food, jobs, connections and hope through farming. We work with vulnerable popu...
  • 2 Days Ago

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0 Underwriter Trainee jobs found in Layton, UT area

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Senior Analyst - Asset Management
  • Dakota Pacific Real Estate
  • Salt Lake City, UT
  • SENIOR ANALYST Acquisitions & Asset Management ABOUT DAKOTA PACIFIC REAL ESTATE Dakota Pacific Real Estate (“DPRE”) is a...
  • 3/28/2024 12:00:00 AM

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Investment Banking Internship - Utah
  • Into City Prep
  • Salt Lake City, UT
  • Investment Banking Intern Seeking a hardworking undergraduate or recent graduate passionate about investment banking. Yo...
  • 3/28/2024 12:00:00 AM

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Remote Regulatory Compliance Analyst (Insurance Industry)
  • National General Insurance
  • Salt Lake City, UT
  • Job Description Position/Title: Remote Regulatory Compliance Analyst (Insurance Industry) ** NOTES: Ideal candidate will...
  • 3/28/2024 12:00:00 AM

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Retail Credit Specialist - SLC Verffentlicht: 23.02.2022 NEW 220000OR BMW Financial Services, US Kredite Salt Lake City
  • BMW
  • Salt Lake City, UT
  • Kredite Salt Lake City 23.02.2022 ** Retail Credit Specialist - SLC** BMW Financial Services NA, LLC is one of the 26 wo...
  • 3/28/2024 12:00:00 AM

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Administrative Assistant (Remote)
  • Paradigm Life
  • Salt Lake City, UT
  • Paradigm Life is a vibrant, fast paced company. We are a nationally recognized insurance agency and specialize in provid...
  • 3/26/2024 12:00:00 AM

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Acquisitions Analyst Intern
  • TruAmerica Multifamily
  • Salt Lake City, UT
  • About TruAmerica Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart a...
  • 3/25/2024 12:00:00 AM

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Acquisitions Analyst
  • TruAmerica Multifamily
  • Salt Lake City, UT
  • About TruAmerica Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart a...
  • 3/25/2024 12:00:00 AM

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Real Estate Acquisitions Associate – Multifamily (Semi-Remote)
  • Advice Personnel
  • Salt Lake City, UT
  • Real Estate Acquisitions Associate – Multifamily (Semi-Remote) A prominent national real estate investment and managemen...
  • 3/25/2024 12:00:00 AM

Layton is a city in Davis County, Utah, United States. It is part of the Ogden-Clearfield Metropolitan Statistical Area. As of the 2010 census, the city had a population of 67,311, rising to an estimated 78,797 by 2018. Layton is the most populous city in Davis County and the ninth most populous in Utah. Layton has direct access to Salt Lake City, Ogden, Salt Lake City International Airport, Antelope Island, and the FrontRunner commuter rail. Layton City is a leader in economic development for the region, with immediate adjacency to Hill Air Force Base, a large hospitality district (1,000+ hot...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Underwriter Trainee jobs
$49,402 to $61,967
Layton, Utah area prices
were up 2.3% from a year ago