Commercial Loan Underwriter

Commercial Loan Underwriter

25 Oct 2024
Utah, Salt lake city, 84101 Salt lake city USA

Commercial Loan Underwriter

Job Descriptions:$1,000 Signing Bonus Offered The Commercial Loan Underwriter reports directly to the Credit Department Manager. The role involves thorough assessment of financial statements, credit reports, and collateral to ensure the loan’s security and the bank’s profitability. The underwriter works closely with the loan officers, and loan processors to ensure compliance with lending policies and regulations.Required Experience:Skills and Abilities:Credit Analysis: Analyze financial statements (income statements, balance sheets, cash flow) tax returns, and business plans to assess borrower’s creditworthiness.Risk Assessment: Evaluate collateral and conduct industry risk analysis to mitigate potential losses.Loan Structuring: At times assist in structuring loan terms and conditions based on the risk profile of the applicant and recommend appropriate loan products.Compliance: Ensure loan applications meet the bank’s lending policies, regulatory guidelines, and risk management procedures.Financial Projections: Assess future financial performance, assumptions, and cash flow forecast to determine repayment ability.?Reporting: Prepare detailed well written credit approval documents (CAD) and risk assessment for senior loan committee members and or board members. Periodically attend loan committees.Credit Approvals: Make recommendations for loan approval or rejection.Collaboration: Work closely with loan officers, credit analysts, and if necessary, with legal to ensure smooth processing and risk management.Documentation Review: Ensure all necessary documentation is in place and accurate for loan closing and funding. Experience:2 - 5 years previous Credit Analyst or loan underwriting experience. Education:Bachelor’s Degree in related field or equivalent work experience. Keyword: BankingFrom: First Utah bank

Related jobs

  • As Commercial Carpenter with PeopleReady Skilled Trades, you\'ll support carpenter contractors throughout Salt Lake City, UT. In this temporary role, you\'ll enjoy weekly pay, health insurance benefits and a flexible work schedule. Plus, the more hours you work, the more meaningful prizes you can unlock with Respect the Craft ? our recognition program specially designed to help tradespeople grow and thrive in their careers. Whether you\'re new to the trades or a seasoned pro, come take charge of your career with PeopleReady Skilled Trades. Interested? Apply today!

  • Zions Bank recognizes that its success comes from the dedication, experience, and talents of its diverse employee base. As we usher in the next generation of banking, we’re committed to being the premier employer of choice. We’re proud to have ranked among American Banker magazine’s “Best Banks to Work For” almost every year since 2013, as Best Employer from Utah’s Best of State, among the Best Places to Work in Idaho, and “among the Salt Lake Tribune’s Top Workplaces. Make the leap into a new era of banking. Let us transform your career.

  • Department: 104400 Sales Operations

  • At FNBO, our employees are the heart of our story-and we\'re committed to their success! Please see below the details of this career opportunity and how it fits into our organization\'s success.

  • In this position

  • POSITION SUMMARY

  • Zions Bank recognizes that its success comes from the dedication, experience, and talents of its diverse employee base. As we usher in the next generation of banking, we’re committed to being the premier employer of choice. We’re proud to have ranked among American Banker magazine’s “Best Banks to Work For” almost every year since 2013, as Best Employer from Utah’s Best of State, among the Best Places to Work in Idaho, and “among the Salt Lake Tribune’s Top Workplaces. Make the leap into a new era of banking. Let us transform your career.

Job Details

Jocancy Online Job Portal by jobSearchi.