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Financial Pacific Leasing Commercial Underwriter

Company: Umpqua Bank
Location: Tacoma
Posted on: June 8, 2021

Job Description:

We are currently seeking a full-time Credit Officer (Commercial Underwriter) reporting to our Federal Way, WA office. This role is responsible to analyze and make credit decisions within assigned authority for credits ranging from $15M to $200M, including Equipment Leases and Financing for assets and customers of all types, while ensuring risk exposure consistent with the company's credit quality guidelines. Qualified applicants should enjoy working in a team setting; possess strong communication skills and have experience working in a fast paced, goal-oriented environment.

Functions

  • Make and communicate credit decisions and documentation requirements within assigned limits and consistent with FPC Credit Policy on lease applications, assignments and NPA contracts as requested.
  • Support business unit's growth and portfolio quality through underwriting customer and vendor (third party) relationships.
  • Prepare formal presentations/ write-ups for customers and program requests for review by senior management.
  • Analyze, adjudicate, and recommend credit decisions with in assigned authority. Transactions primarily range in size from $250M to $1MM. The officer is expected to support transactions in excess of $1MM for review by appropriate authority.
  • Responsible for conducting new vendor program reviews and annual updates to existing programs. Candidate is expected to be familiar with various elements of vendor programs to cover business risks from a credit, operations, and portfolio servicing perspective.
  • Ensure timely review of assigned transactions and credit facilities for new requests. Work closely with business development to structure and adjudicate credit requests.
  • Coordinate with business development to complete annual reviews/ modifications to existing vendor programs and support new program development.
  • Mentor and guide junior credit staff on new credit requests and vendor programs.
  • Interact with other departments within the business unit to address appropriate credit, documentation, and program issues.
  • Perform all other duties as assigned by management.
  • Regular and predictable attendance and punctuality.

Qualifications

  • Bachelor's Degree in Finance, Accounting, or related field required.
  • Five or more years of commercial credit underwriting experience in a bank or a regulated commercial finance company, preferably in vendor/ equipment finance.
  • Knowledge of various vendor program structures.
  • Proficient in Moody's Risk Analyst.
  • Working knowledge of Dual Risk Rating (PD/LGD) methodology in a banking/ regulated environment.
  • Strong organizational, analytical, problem solving, and communication skills.

Perks and Benefits

  • Excellent benefits package.
  • Paid Time Off (PTO).
  • 401(k) company match.
  • Paid holidays.
  • Employer paid Employee Assistance Program (EAP).
  • Flexible Spending Account (FSA).
  • Voluntary Benefits such as LTD, STD, LTC, and Life and AD&D Insurance.
  • Recognition program.
  • Monthly incentive perks.
  • Thriving company culture.
  • Up to 40 hours of volunteer time allotted each year.

No relocation offered.

About Us

Financial Pacific Leasing (A Subsidiary of Umpqua Bank) is a commercial equipment leasing company located in Federal Way, WA. Established in 1975, we are a leader in the leasing industry and we take pride in our employees. We strive to create a work environment that is rewarding, challenging and a fun experience. Qualified Applicants should enjoy working as a team and independently, possess strong communication skills and have experience in working with a fast paced, goal-oriented environment. Excellent benefits package.

Financial Pacific Leasing & Umpqua Bank are committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.

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Keywords: Umpqua Bank, Tacoma , Financial Pacific Leasing Commercial Underwriter, Other , Tacoma, Washington

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