Job Description

There's a reason we've won so many awards for being one of the best companies to work for! We invite you to apply to join the DFCU family, and here's what's in it for you:

• 12 paid holidays
• Competitive compensation
• Benefits, perks, and discounts worth a double-take
• A positive atmosphere and co-workers who truly care
• Enjoyable activities and wellness initiatives
• Work-from-home flexibility (hybrid schedule)

Summary: A Business Loan Underwriter identifies risks to loan repayment for new and existing borrowers by analyzing business financial performance, collateral value, and impacts to borrower business operations. Additionally, this position is responsible for portfolio management and reporting.

Deseret First Credit Union is proud to be an Equal Opportunity Employer, providing equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, age, national origin, disability veteran status, pregnancy, sexual orientation, gender identity, or any other characteristic protected by law.

REQUIREMENTS

Duties and Responsibilities:  

• Underwrites business financial statements, tax returns, and cash flow according to industry standards and credit union policy.
• Identifies risks to loan repayment, indicates mitigants, and structures business loans and servicing actions accordingly.
• Performs annual loan reviews and quality control checks for existing borrowers.
• Spreads and prepares financial and credit analysis in written reports.
• Works with business loan/relationship officers to obtain borrower financial information.
• Assists credit union members and employees on business loan inquiries.
• Creates management reports on critical portfolio aspects.
• Performs periodic site visits and collateral inspections.
• Prepares and reviews loan closing documents.
• Supports Business Services operations in online banking and cash management, portfolio reporting, loan processing, and other duties as needed.

Qualifications:

• Bachelor’s degree in accounting, finance, business, or related field preferred.
• Knowledge of small business banking credit policies, procedures, and loan structure.
• Knowledge of credit union business products and services.
• Knowledge of accounting principles and interpreting financial statements and tax returns.
• 3+ years of underwriting experience in business lending or related area.

Competencies:

• Takes initiative and a self-starter
• Strong oral and written communication skills
• Strong interpersonal skills and professionalism
• Punctual and dependable
• Able to prioritize tasks
• Attentive to detail
• Offers support to those who need it
• Demonstrates knowledge of market and competition
• Maintains confidentiality
• Follows policies and procedures
• Presents numerical data effectively
• Works with integrity

Computer Skills:

• Advanced knowledge of Microsoft Office (Word, Excel)
• Bukers Tax Analysis knowledge a plus
• LaserPro knowledge a plus
• Ability to learn new programs

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