Commercial Loan Manager jobs in Salt Lake City, UT
Commercial Loan Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager may personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Additionally, Commercial Loan Manager builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Manager jobs
- First Utah Bank
-
Salt Lake, UT
FULL_TIME
-
- 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
- Utah First Credit Union
-
Salt Lake, UT
FULL_TIME
- Utah First Credit Union is seeking a Commercial Loan Analyst/Processor to join our Commercial Services team at our Salt Lake City, Utah office. Responsibilities The Commercial Loan Analyst/Processor a...
- 3 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...
- 28 Days Ago
- First Utah Bank
-
Salt Lake, UT
FULL_TIME
- Job Description: $1,500 Signing Bonus (half upon hire, half after probationary period is complete); Pay range is $50k to $60k depending on experience. We are looking for hard-working, responsible team...
- 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
- Commercial Mechanical
-
Salt Lake, UT
FULL_TIME
- Innovative Sheet Metal is seeking a highly qualified full-time Project Manager. Each Project Manager is responsible for managing multiple projects simultaneously and is expected to complete each proje...
- Just Posted
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0 Commercial Loan Manager jobs found in Salt Lake City, UT area
- Safeguard Global Recruiting
-
Salt Lake City, UT
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- Inventia Life Science
-
Salt Lake City, UT
- Sales Manager - Life Science Location: Boston (full-time & fully remote) Do you want to help radically change the way th...
- 4/25/2024 12:00:00 AM
- HRmango
-
Salt Lake City, UT
- HRmango is hiring a new Product Sales Manager to work at our corporate office in Salt Lake City, UT. The company is look...
- 4/25/2024 12:00:00 AM
- Safeguard Global Recruiting
-
Salt Lake City, UT
- The Regional Sales Representative is a pivotal new role directly influencing the future of a leading-edge manufacturer o...
- 4/25/2024 12:00:00 AM
- AutoZone, Inc.
-
Salt Lake City, UT
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 4/23/2024 12:00:00 AM
- Insurance Relief
-
Salt Lake City, UT
- Commercial Lines Assistant - Remote - Westlake Village, CA The Company: We have a stellar opportunity available for! An ...
- 4/23/2024 12:00:00 AM
- Summit Human Capital
-
Salt Lake City, UT
- Richmond, VA CALLING ALL COLD CALLING CONQUERORS! Does the thrill of the hunt fire you up? Are you a sales professional ...
- 4/21/2024 12:00:00 AM
- Richstone Surfaces
-
Salt Lake City, UT
- About The Company Richstone Surfaces is a family-owned and operated business that started in 2007 focused on high-qualit...
- 4/21/2024 12:00:00 AM
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