CRE Underwriter
Company: Umpqua Bank
Location: Portland
Posted on: August 7, 2022
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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:
Keywords: Umpqua Bank, Portland , CRE Underwriter, Other , Portland, Oregon
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