CRE Underwriter

Company: Umpqua Bank
Location: Portland
Posted on: August 7, 2022

Job Description:

As a full-time Sr. CRE Underwriter, you will be responsible for analyzing and underwriting moderate-to-complex, commercial real estate loans (investor, owner-occupied, and construction). You will collaborate with Relationship Managers to accurately present findings, including business rationale and risk mitigations, in order to obtain credit approval and meet customer needs.FunctionsAnalyze business, personal, industry, market, and property financial data, and other supporting credit information concerning an applicant's credit request; identify key business and financial risks that may impact the repayment prospects by the borrower; derive 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).Monitor borrower financial performance in line with commercial and/or real estate loan documents; spreads 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 documentationPartner with 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 appropriateMay oversee the work of other CRE underwriters or credit analysts, including the timely review of credit reports prepared by other underwriters to ensure a high level of report quality prior to submission for approval; findings to be captured via a standardized Quality Control (QC) Checklist and used to provide guidance and training to underwriters.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 positionMay be asked to coach, mentor, or train others and teach coursework as subject matter expert.QualificationsAdvanced analytical and problem-solving skills.Advanced credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis experience; ability to train and present to small and large audiences or has the interest in learning to train and present.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.Possess excellent written, verbal, interpersonal and presentation skills, including ability to train and present to small and large audiences or has the interest in learning to train and present.Advanced knowledge of credit policies, procedures, practices, and documentation7-10 years of commercial real estate underwriting/credit analysis experience or relevant lending experience, required.Bachelor's Degree in business, finance, accounting, or equivalent work experience, required.Physical Requirements and Working ConditionsWork involves:Occasional walkingLifting to 10 poundsTravel:

• OccasionalNo relocation is offered.About UsWe 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 , CRE Underwriter, Other , Portland, Oregon