Community CRE Underwriter

Columbia Bank

Kirkland, WA

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JOB DETAILS

SALARY

$78,000–$140,000 Per Year

SKILLS

Accounting, Alliance/Partner Management, Analysis Skills, Bank Secrecy Act, Banking Regulations, Banking Services, Bridge Building, Business Analysis, Business Banking, Cash Flow Projection, Commercial Real Estate, Computer Skills, Credit Analysis, Credit Risk, Customer Relationship Management (CRM), Data Analysis, Documentation, Finance, Financial Analysis, Financial Management, Financial Risk, Financial Statements, Industry/Trade Analysis, Interpersonal Skills, Loan Approval, Loan Conditions, Loan Documents, Loan Portfolio, Loan Structuring, Loans, Market Analysis, Microsoft Excel, Microsoft Word, Multitasking, Operating Systems, PC Software, Performance Analysis, Precision Testing, Presentation/Verbal Skills, Problem Solving Skills, Procedure Development, Regulations, Regulatory Compliance, Retail Sales, Risk, Risk Analysis, Time Management, Underwriting, Willing to Travel, Writing Skills

LOCATION

Kirkland, WA

POSTED

Today

About the Role:

Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists CRE Relationship Managers (RM’s) 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. Collect, spread, and analyze business, industry, financial data and other supporting credit information concerning a client or prospect’s credit request. May include evaluation of enterprise-level and unit-level performance drivers (store sales trends, margins, labor and food cost sensitivity, operating leverage, and multi-unit execution risk).

+ 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 their ability to address financial obligations. Assess CRE credit markets to analyze potential take-out financing. Identify 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 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, using both quantitative and qualitative rating elements to ensure sponsors and individual loans are properly risk-rated; (3) accurate identification and mitigation of all Bank tracked policy exceptions, tracked guidelines exceptions, and departures from established procedures and underwriting processes; and (4) accurate loan and risk rate coding when the credits are boarded on the bank operating systems.

+ Monitor 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.

+ Collaborates with RMs to identify and communicate credit risk so that it is effectively mitigated within new and existing credits.

+ Partners with 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.

+ Maintain 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.

About You:

Education

+ Bachelor’s degree in business, Finance, Accounting, or equivalent work experience (Required)

Experience

+ 4-7 years Commercial Underwriting/credit analysis experience or relevant lending experience. (Required)

Skills

+ Advanced analytical and problem-solving skills.

+ Intermediate credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis.

+ Demonstrate time management skills reflecting the ability to juggle multiple tasks simultaneously while delivering high quality work product on time. . Ability to take initiative with minimal direction, to work on multiple transactions simultaneously, and to meet deadlines.

+ Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.

+ Possess strong written, verbal and interpersonal skills.

+ Solid knowledge of credit policies, procedures, and practices typical in CRE lending.

+ Proficiency with personal computers and related software packages such as Word and Excel. 

Travel Requirements

+ Occasional

The pay range for this role is $78,000.0000 to $140,000.00.

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).

805 SW Broadway, Ste 2700 Portland OR 97205-3366

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. If you require an accommodation to complete the application or interview(s), please let us know by email: careers@columbiabank.com .

To Staffing and Recruiting Agencies:

Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia 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 Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.

About the Company

Columbia Bank

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