Equipment Leasing Underwriter

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together.

The Equipment Leasing Underwriter will be responsible for reviewing and underwriting equipment lease requests to help the bank build, maintain, and accurately risk grade its strong credit portfolio. This will involve working closely with the leasing relationship manager, credit administration, credit operations, and other credit personnel. Underwriters own the recommendation phase of new loan requests and annual reviews.

If you are located in Draper, Utah, you will have the flexibility to Work from home and the office in this hybrid role* as you take on some tough challenges.

Primary Responsibilities:

• Underwrite new equipment lease requests and perform periodic reviews on existing equipment leases
• Create credit underwriting memos which analyze the credit request, the borrower, financial and credit information, repayment sources, risks and mitigation, collateral, and compliance with applicable regulations and policies
• Be knowledgeable of policies, guidelines, procedures, regulations and systems applicable to the credit function
• Understanding of lease accounting and how leases are reflected and accounted for in financial statements
• Ensure that lease files and documentation are complete
• Make, recommend, and present credit decisionsto credit administration and credit committee through both effective written and verbal communication
• Assess and recommend risk ratings for underwritten leases
• Assist with portfolio management and monitoring
• Develop and maintain positive relationships with internal and external clients
• Assist with updating and monitoring credit policies and procedures
• Assist in training and mentoring less experienced credit team members

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• 5+ years of experience analyzing business tax returns and financial audits using generally accepted accounting principles (GAAP)
• 5+ years of experience analyzing business and personal financial statements associated with lease requests
• 5+ years of experience underwriting equipment leases
• Experience making or recommending credit decisions on transactions > $3 million
• Experience reviewing equipment lease documents

Preferred Qualifications:

• Advanced training on GAAP, cash flow and credit analysis
• Completion of a formal commercial credit training program
• Experience working in a credit or lending role with a commercial bank
• Healthcare industry experience
• Experience working out problem equipment leases. We don't have many, but the experience makes better lenders

The salary range for this role is $89,800 to $176,700 annually based on full-time employment. Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. UnitedHealth Group complies with all minimum wage laws as applicable. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, you'll find a far-reaching choice of benefits and incentives.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.