What are the responsibilities and job description for the CRE Loan Administrator position at Umpqua Bank?
About Us:
Umpqua Bank is a publicly traded financial holdings company, headquartered in the Pacific Northwest with 6,000 employees, which offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role:
- Manages and monitors complex loans on an ongoing, day-to-day, and transactional basis working in close partnership with the Commercial Relationship Manager. Acts as the primary liaison with customers, attorneys, inspectors and title company representatives, during all phases of financing.
- Ensures all terms of the loan as approved are incorporated in the loan documents. Ensures all closing conditions are met and loans are closed and disbursed within time frames.
- Responsible for set up and monitoring loan and financial ticklers to ensure accuracy and timeliness.
- Administers a real estate portfolio in accordance with credit policy requirements for risk management. Analyzes title insurance commitment reports including title exceptions and prepares tile/escrow instructions.
- May provide monthly construction draw analysis, reconciliation and disbursement. May process all types of draw requests and recommend approval. Ensures all necessary documentation has been received.
- Prepares data input sheets and provides information so that loans may be boarded on the proper servicing system and ensures all loan coding is correct.
- Monitors note rate re-pricing, fixings and other pre-and post-closing tasks.
- Maintain files with sufficient documentation for third-party review; prepares files for timely audits. Reviews and analyzes land surveys and environmental reports.
- 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.
- Bachelor’s Degree or equivalent.
- 4-7 years of relevant commercial and real estate loan administration experience.
- Excellent analytical and problem-solving skills.
- Excellent loan administration experience with knowledge of letters of credit, borrower-based lending, multi-phased construction and multiple collateral properties.
- Thorough knowledge of commercial finance, law, documentation, accounting and data systems.
- Advanced technical expertise in loan closing and administration.
- Demonstrated ability to close commercial loans and administer complex commercial loan portfolios.
- Excellent written and verbal communication skills.
- Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
- Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.
- Ability to train and present to small and large audiences or has the interest in learning to train and present.
Our Benefits:
We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $38,750 - $80,173, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity:
Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: careers@umpquabank.com
To Staffing and Recruiting Agencies:
Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.
Salary : $50 - $38,750