Senior CRE Underwriter
Columbia Bank (WA, OR & ID), Irvine, CA, United States
Commercial Real Estate Underwriter
Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists Relationship Managers (RMs) in the monitoring of a large loan portfolio consisting of complex CRE products including construction, bridge, and permanent loans. Collaborates with RMs to manage and deepen full banking relationships with sophisticated CRE developers and investors. Analyzes appraisal and market data to assess market risk associated with the CRE project. Underwrites sponsors' contingent debt, portfolio refinance risk, and global cash-flow to assess their ability to address financial obligations. Assesses CRE credit markets to analyze potential take-out financing. Identifies key business and financial risks that may impact the repayment prospects by the borrower; presents conclusions supporting the credit recommendation based on documented facts and/or sound judgment. Prepares timely, concise, and accurate credit recommendations, with limited supervision or revision. Monitors borrower financial performance in line with loan documents; spreads or oversees spreading of financial statements in accordance with Bank Guidelines to ensure accuracy. Tests covenant calculations and adherence to approval conditions and loan documentation. Collaborates with Analysts and RMs to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner. Collaborates with RMs to identify and communicate credit risk so that it is effectively mitigated within new and existing credits. Partners with Analysts and Relationship Managers to offer insights into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools. May also offer opinions related to a loan structure's effectiveness to mitigate risks, appropriate to prevailing competitive market environment and Bank risk tolerances. Partners Relationship Managers in customer and prospect calls as appropriate. May oversee the work of other commercial underwriters or credit analysts, including the timely review of credit requests and financial spreads to ensure accurate, high quality work product. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintains a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "Business Bank of Choice". May perform other duties as assigned. Education Experience 7-10 years of commercial underwriting/credit analysis experience or relevant lending experience. (Required) Skills Advanced analytical and problem-solving skills. Advanced credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis. Demonstrated time management skills, reflecting the ability to juggle multiple tasks simultaneously while delivering high quality work product on time. Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships. Possesses excellent written, verbal, interpersonal and presentation skills. Advanced knowledge of credit policies, procedures, and practices. Proficiency with personal computers and related software packages such as Word and Excel. Travel Requirements Occasional The pay range for this role is $98,000.00 to $179,000.00. 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. Primary Location: Ability to work fully onsite at posted location(s). 17901 Von Karman Avenue Suite 700 Irvine CA 92614 Our Benefits: We are proud to offer a competitive total rewards package including base wages and comprehensive benefits. 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: Columbia 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.
Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists Relationship Managers (RMs) in the monitoring of a large loan portfolio consisting of complex CRE products including construction, bridge, and permanent loans. Collaborates with RMs to manage and deepen full banking relationships with sophisticated CRE developers and investors. Analyzes appraisal and market data to assess market risk associated with the CRE project. Underwrites sponsors' contingent debt, portfolio refinance risk, and global cash-flow to assess their ability to address financial obligations. Assesses CRE credit markets to analyze potential take-out financing. Identifies key business and financial risks that may impact the repayment prospects by the borrower; presents conclusions supporting the credit recommendation based on documented facts and/or sound judgment. Prepares timely, concise, and accurate credit recommendations, with limited supervision or revision. Monitors borrower financial performance in line with loan documents; spreads or oversees spreading of financial statements in accordance with Bank Guidelines to ensure accuracy. Tests covenant calculations and adherence to approval conditions and loan documentation. Collaborates with Analysts and RMs to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner. Collaborates with RMs to identify and communicate credit risk so that it is effectively mitigated within new and existing credits. Partners with Analysts and Relationship Managers to offer insights into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools. May also offer opinions related to a loan structure's effectiveness to mitigate risks, appropriate to prevailing competitive market environment and Bank risk tolerances. Partners Relationship Managers in customer and prospect calls as appropriate. May oversee the work of other commercial underwriters or credit analysts, including the timely review of credit requests and financial spreads to ensure accurate, high quality work product. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintains a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "Business Bank of Choice". May perform other duties as assigned. Education Experience 7-10 years of commercial underwriting/credit analysis experience or relevant lending experience. (Required) Skills Advanced analytical and problem-solving skills. Advanced credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis. Demonstrated time management skills, reflecting the ability to juggle multiple tasks simultaneously while delivering high quality work product on time. Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships. Possesses excellent written, verbal, interpersonal and presentation skills. Advanced knowledge of credit policies, procedures, and practices. Proficiency with personal computers and related software packages such as Word and Excel. Travel Requirements Occasional The pay range for this role is $98,000.00 to $179,000.00. 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. Primary Location: Ability to work fully onsite at posted location(s). 17901 Von Karman Avenue Suite 700 Irvine CA 92614 Our Benefits: We are proud to offer a competitive total rewards package including base wages and comprehensive benefits. 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: Columbia 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.