Sr. Middle Market Underwriter
Company: Umpqua Bank
Location: Tacoma
Posted on: May 24, 2023
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Job Description:
Umpqua Bank Sr. Middle Market Underwriter in Tacoma , Washington
About Us:Umpqua Bank is a publicly traded financial holdings
company which offers banking, lending, and wealth management
services to our personal, business, and commercial customers.
Headquartered in Lake Oswego, Oregon with 4,000+ employees and
operations across Oregon, Washington, California, Idaho, Arizona,
Colorado, and Nevada. It's an especially exciting time to join our
team as, upon the completion of the merger with Columbia Bank, we
grow to become a leading western regional bank with more than $50B
in assets under management and an unwavering commitment to our
associates, our customers, and our communities.About the
Role:Underwrites new and renewal C&I and CRE credit requests
comprised of working capital lines of credit, asset-based lines of
credit, commercial real estate loans (Owner Occupied and Investor)
and equipment financing; most often from moderate-to-complex
enterprises with revenues greater than $5 million. Collaborates
with Client Solutions Managers ("CSMs") and Relationship Managers
to accurately present findings, including business rationale and
risk mitigations, in order to obtain credit approval and meet
customer needs.Analyze business, industry, financial data and other
supporting credit information concerning an applicant's credit
request; identifies key business and financial risks that may
impact the repayment prospects by the borrower; derives 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 (aka Dual Risk Rating), both quantitative and
qualitative rating elements, to ensure customers and loans are
properly risk-rated; (3) accurate identification and mitigation of
all exceptions to Bank tracked policies exceptions (TPE), tracked
guidelines exceptions (TGE), procedures and compliance regulations;
and (4) accurate loan coding consistent with nature of the
borrowing relationship and terms of the credit(s).Monitor borrower
financial performance in line with commercial and/or real estate
loan documents; spreads financial statement and/or ensures required
financial statements are spread in accordance with Bank Guidelines
and resulting covenant calculations are accurate, complete and
adhere to approval conditions and loan documentation. Collaborates
with CSM to ensure borrower notifications are sent and approvals
are obtained to resolve any violations in a timely manner.Partners
with CSMs 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 with CSMs and Relationship Managers
in customer and prospect calls as appropriate. May shadow manage a
portfolio with CSM as part of training and development, with
Underwriting Manager and Market Director mutual approval.May
oversee the work of other commercial underwriters or credit
analysts, including the timely review of credit reports prepared by
other underwriters to ensure a high level of report quality prior
to submission for approval; findings to be captured via a
standardized Quality Control (QC) Checklist and used to provide
guidance and training to underwriters.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 Umpqua corporate culture in all
actions and words.Takes personal initiative and is a positive
example for others to emulate.About You:Bachelor's degree in
Business, Finance, Accounting, or equivalent work experience.6+
years of commercial underwriting/credit analysis experience or
relevant lending experience.Advanced analytical and problem-solving
skills.Advanced credit and credit quality skills including
accounting, financial statement spreading, and cash flow analysis
experience; ability to train and present to small and large
audiences or has the interest in learning to train and
present.Demonstrated time management skills, reflecting the ability
to juggle multiple tasks simultaneously while delivering work
product on time.Ability to work effectively with individuals and
groups across the company to manage internal and external customer
relationships.Possess excellent written, verbal, interpersonal and
presentation skills, including ability to train and present to
small and large audiences or has the interest in learning to train
and present.Advanced knowledge of credit policies, procedures,
practices and documentation.We offer a competitive total rewards
package including base wages and comprehensive benefits. The pay
range for this role is $64,450.00 to $130,682.00, 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.comTo 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.
Keywords: Umpqua Bank, Tacoma , Sr. Middle Market Underwriter, Other , Tacoma, Washington
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