01 Dec
Sr. Commercial Loan Underwriter
Utah, Salt lake city , 84101 Salt lake city USA

Vacancy expired!

Job Descriptions:The Sr. Commercial 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. Required Experience:Conducts credit investigations and analyzes 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.

Prepares written Credit Approval Documents for presentation to appropriate levels of approval authorities.

Has working knowledge of financial and spread analysis, credit and lending, and experience working with various types of SBA, USDA B&I and commercial loans.

Remains up-to-date in knowledge and application of federal regulations, SBA/USDA eligibility and underwriting criteria.

Determines 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.

Is able to analyze the viability of various types of collateral including accounts receivable, inventory, equipment and commercial real estate to assess proper loan to values and sufficiency of collateral coverage.

Reviews and analyzes complex bank transactions to ensure proper documentation and security.

From time to time, participates in detailed screening, structuring, packaging, and negotiation of loan requests.

Interprets and summarizes third-party reports such as appraisals, environmental assessments, preliminary title reports, etc.

Establishes conditions precedent (“CPs”) to loan closing and approve CPs as completed.

Other responsibilities, duties or special projects may be added at manager’s discretion.

Skills and Abilities:Excellent interpersonal, verbal and written communication skills.

Must be self-motivated, accurate and detail oriented.

Strong working knowledge of accounting principles and financial statement structure and analysis.

Good working knowledge of general computer applications including but not limited to MS Word and Excel.

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:At least 3 years previous Credit Analyst or loan underwriting experience. Education:Bachelor’s Degree in related field or equivalent work experience. Keyword: BankingFrom: First Utah bank

Vacancy expired!


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