CRE Underwriter

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:

In this role, you will review, analyze, underwrite, and present with appropriate recommendations for applications on multifamily or other commercial real estate (CRE) loans secured by first mortgages on investor owned (non-owner occupied) properties. You will perform necessary property and borrower due diligence to ensure analysis of projects and proposed loans are consistent with underwriting guidelines established by Bank. Typical loan size ranges from $500,000 to $10,000,000.

• Prepare credit requests for submission to credit administration, making appropriate recommendations.

• Review and analyze various third-party documents and reports, including property financial statements, rent rolls, appraisals, environmental and engineering data, personal credit, title, escrow, and borrowing entity structures.

• Analyze borrower financial statements and tax returns with emphasis on the cash flow of underlying investment real estate.

• Determine physical and market condition of multifamily and commercial real estate properties with respect to third party reports, inspections, and through correspondence with CRE Field Underwriters and appraisal review department.

• Oversee the initial risk grading of credits for approval and funding.

• Identify strengths and risks of loan requests, including recommendations for mitigating risks consistent with the bank's guidelines, and express reasons for support of the extension of credit.

• Identify exceptions to policy, guidelines, and pricing in the Credit Request presentation.

• Partner with loan processors to identify title, insurance, zoning, entity, or other issues that require analysis and resolution by the bank prior to approval, documentation, and funding of loans.

• 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.

About You:

• Bachelor’s Degree in business, finance, accounting, or related field.

• 4-7 years of multifamily and commercial real estate experience. May be a combination of processing, underwriting, originating, or brokering sales of loans for commercial real estate., required.

• Intermediate knowledge of standard concepts, practices, and procedures within the multifamily and commercial real estate (investor-owned income property) lending field.

• Display superior analytical abilities, supported by solid credit, lending and transaction knowledge.

• Proven ability to analyze financial conditions, financial statements, and tax returns. Experience with complex loan structures a plus.

• Proficient knowledge of financial policies and procedures.

• Demonstrate good organizational and time management skills. Ability to take initiative with minimal direction, to work on multiple transactions simultaneously, and to meet deadlines.

• Possess strong analytical, negotiation, problem solving, and interpersonal skills.

• Possess excellent written and verbal communication skills and work well in a team environment.

• Superior skills in database, spreadsheets.

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $89,302.00 - $153,088.00, 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.