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Senior Commercial Underwriter - Affordable Housing

Company: Umpqua Bank
Location: Portland
Posted on: November 22, 2021

Job Description:

Job Description

In this role, you will underwrite new and renewal Commercial Real Estate affordable housing credit requests primarily comprised of construction and permanent loans for affordable housing projects throughout Umpqua's footprint. In addition, you will collaborate with Relationship Managers to accurately present findings, including business rationale and risk mitigations, to obtain credit approval and meet customer needs.


  • Analyze business, industry, financial data, and other supporting credit information concerning an applicant's affordable housing credit request; identifies key business and financial risks that may impact the repayment prospects by the borrower; derives conclusions supporting the credit recommendation based on documented facts and/or sound judgement.
  • Prepare timely, concise, and accurate credit recommendations, with limited supervision or revision. Includes: (1) quantitative components within the underwriting narrative documenting the credit analysis; (2) accurate use of risk rating scoring models (aka Dual Risk Rating), both quantitative and qualitative rating elements, to ensure customers and loans are properly risk-rated; (3) accurate identification and mitigation of all exceptions to Bank tracked policies exceptions (TPE), tracked guidelines exceptions (TGE), procedures and compliance regulations; and (4) accurate loan coding consistent with nature of the borrowing relationship and terms of the credit(s).
  • Presents facts and offers opinions/recommendations to Relationship Managers concerning applicant's credit worthiness.
  • Monitor borrower and guarantor financial performance in line with real estate loan documents; spread financial statement and/or ensure required financial statements are spread in accordance with Bank Guidelines and resulting covenant calculations are accurate, complete and adhere to approval conditions and loan documentation. You will collaborate with Relationship Managers to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner.
  • Conduct periodic market analysis and other projects to support the lending and monitoring efforts of the team.
  • Partner with CSMs and Relationship Managers to offer insights into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools. You may also offer opinions related to a loan structure's effectiveness to mitigate risks, appropriate to prevailing competitive market environment and Bank risk tolerances.
  • Partner with Relationship Managers in customer and prospect calls as appropriate and with the approval of the Affordable Housing Manager.
  • May work with Relationship Manager and outside legal counsel to obtain correct and accurate loan documentation that memorializes the terms and conditions of approved credit actions.
  • Review and monitor commercial and/or real estate loan documents for accuracy, completeness, and adherence to approval conditions.
  • Prepare and present construction monitoring reports, assists in gathering, updating, and tracking ticklers, and annual term loan reviews.
  • May direct or lead the work of others.
  • Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.
  • Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other regulations that apply to your position
  • May be asked to coach, mentor, or train others and teach coursework as subject matter expert.


    • Advanced analytical and problem-solving skills.
    • Advanced credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis experience for profit/non-profit businesses, as well as individuals.
    • Advanced knowledge of credit policies, procedures, practices, and documentation.
    • Demonstrated time management skills, reflecting the ability to juggle multiple tasks simultaneously while delivering work product on time.
    • Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
    • Excellent written, verbal, interpersonal and presentation skills.
    • Ability to train and present to small/large audiences or has the interest in learning to train and present.
    • 6+ years of commercial underwriting/credit analysis experience or relevant lending experience specifically in the field of Affordable Housing Finance, required.
    • Bachelor's Degree in business, finance, accounting, or equivalent work experience, required.

      Physical Requirements and Working Conditions

      Work involves:

      • Sitting
      • Occasional walking
      • Lifting to 10 pounds
      • Office Environment


        • Occasional

          No relocation is offered.

          About Us

          We do things a little differently here at Umpqua. Our retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we're never satisfied with the status quo. Greatness has no finish line, so we continue every day to keep people at the center of everything we do. We focus on building relationships, understanding our customers' needs and connecting to people in new and innovative ways always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank.

          Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.


Keywords: Umpqua Bank, Portland , Senior Commercial Underwriter - Affordable Housing, Accounting, Auditing , Portland, Oregon

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