CRE Underwriter, Sr
Columbia Bank, Tacoma, WA, United States
About The Role
Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists Relationship Managers (RMs) in monitoring a large loan portfolio of construction, bridge, and permanent loans. Collaborates with RMs to deepen banking relationships with sophisticated CRE developers and investors. Analyze appraisal and market data to assess market risk associated with the CRE project. Underwrite sponsors’ contingent debt, portfolio refinance risk, and global cash‑flow to assess ability to address financial obligations. Assess CRE credit markets to analyze potential take‑out financing. Identify key business and financial risks impacting repayment prospects and present conclusions supporting credit recommendation based on documented facts. Prepare timely, concise, and accurate credit recommendations, including quantitative underwriting narrative, risk rating scoring, identification of policy exceptions, and accurate loan/risk coding. Monitor borrower financial performance; oversee spreading, covenant calculations, and adherence to approval conditions. Collaborate with Analysts and RMs to ensure borrower notifications and approvals resolve violations timely. Identify and communicate credit risk to be mitigated in new and existing credits. Provide insights into customer financial needs and loan structure effectiveness using line‑of‑business‑approved tools. Participate in customer and prospect calls with RMs. May oversee work of other underwriters or analysts, reviewing credit requests and financial spreads. Demonstrate compliance with bank regulations, policies, and training. Maintain knowledge of regulations such as Bank Secrecy Act, Regulation CC, Regulation E, and Bank Security. Coach, mentor, train others, or teach coursework as subject‑matter expert. Actively learn, demonstrate, and foster Columbia corporate culture in all actions. Take personal initiative and lead by example. Embrace the vision to become “Business Bank of Choice”. Perform other duties as assigned. About You
7‑10 years of commercial underwriting/credit analysis or relevant lending experience (Required). Skills
Advanced analytical and problem‑solving skills. Advanced credit and credit quality skills: accounting, financial statement spreading, cash‑flow analysis. Time‑management skills to juggle multiple tasks and deliver high‑quality work on time. Effective teamwork across the company to manage internal and external customer relationships. Excellent written, verbal, interpersonal, and presentation skills. Advanced knowledge of credit policies, procedures, and practices. Proficiency with personal computers and software such as Word and Excel. Travel Requirements
Occasional travel. Compensation
The pay range for this role is $89,000.00 to $160,000.00. The pay rate will be dependent on a variety of 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, details of which will be provided during the recruitment process. Primary Location
2228 South 78th Street, Tacoma, WA 98409. Ability to work fully onsite at posted location(s). Benefits
We offer a competitive total rewards package including base wages and comprehensive benefits. 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. Benefits include medical, dental, and vision plans; 401(k) retirement savings plan with employer match; employee assistance program; life and disability insurance; tuition assistance; mental health resources; identity theft protection; legal support; auto and home insurance; pet insurance; access to an online discount marketplace; paid vacation, sick days, volunteer days and holidays. Commitment To Diversity
Columbia Bank is an equal opportunity and affirmative action employer committed to 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. If you require an accommodation to complete the application or interview, please let us know by email: careers@columbiabank.com. Recruitment Agency Notice
Columbia Bank does not accept unsolicited resumes or applications from agencies and will not be responsible for any fees. Agencies are not authorized to submit resumes to this site or any employee.
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Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists Relationship Managers (RMs) in monitoring a large loan portfolio of construction, bridge, and permanent loans. Collaborates with RMs to deepen banking relationships with sophisticated CRE developers and investors. Analyze appraisal and market data to assess market risk associated with the CRE project. Underwrite sponsors’ contingent debt, portfolio refinance risk, and global cash‑flow to assess ability to address financial obligations. Assess CRE credit markets to analyze potential take‑out financing. Identify key business and financial risks impacting repayment prospects and present conclusions supporting credit recommendation based on documented facts. Prepare timely, concise, and accurate credit recommendations, including quantitative underwriting narrative, risk rating scoring, identification of policy exceptions, and accurate loan/risk coding. Monitor borrower financial performance; oversee spreading, covenant calculations, and adherence to approval conditions. Collaborate with Analysts and RMs to ensure borrower notifications and approvals resolve violations timely. Identify and communicate credit risk to be mitigated in new and existing credits. Provide insights into customer financial needs and loan structure effectiveness using line‑of‑business‑approved tools. Participate in customer and prospect calls with RMs. May oversee work of other underwriters or analysts, reviewing credit requests and financial spreads. Demonstrate compliance with bank regulations, policies, and training. Maintain knowledge of regulations such as Bank Secrecy Act, Regulation CC, Regulation E, and Bank Security. Coach, mentor, train others, or teach coursework as subject‑matter expert. Actively learn, demonstrate, and foster Columbia corporate culture in all actions. Take personal initiative and lead by example. Embrace the vision to become “Business Bank of Choice”. Perform other duties as assigned. About You
7‑10 years of commercial underwriting/credit analysis or relevant lending experience (Required). Skills
Advanced analytical and problem‑solving skills. Advanced credit and credit quality skills: accounting, financial statement spreading, cash‑flow analysis. Time‑management skills to juggle multiple tasks and deliver high‑quality work on time. Effective teamwork across the company to manage internal and external customer relationships. Excellent written, verbal, interpersonal, and presentation skills. Advanced knowledge of credit policies, procedures, and practices. Proficiency with personal computers and software such as Word and Excel. Travel Requirements
Occasional travel. Compensation
The pay range for this role is $89,000.00 to $160,000.00. The pay rate will be dependent on a variety of 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, details of which will be provided during the recruitment process. Primary Location
2228 South 78th Street, Tacoma, WA 98409. Ability to work fully onsite at posted location(s). Benefits
We offer a competitive total rewards package including base wages and comprehensive benefits. 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. Benefits include medical, dental, and vision plans; 401(k) retirement savings plan with employer match; employee assistance program; life and disability insurance; tuition assistance; mental health resources; identity theft protection; legal support; auto and home insurance; pet insurance; access to an online discount marketplace; paid vacation, sick days, volunteer days and holidays. Commitment To Diversity
Columbia Bank is an equal opportunity and affirmative action employer committed to 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. If you require an accommodation to complete the application or interview, please let us know by email: careers@columbiabank.com. Recruitment Agency Notice
Columbia Bank does not accept unsolicited resumes or applications from agencies and will not be responsible for any fees. Agencies are not authorized to submit resumes to this site or any employee.
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