What are the responsibilities and job description for the Commercial Underwriter position at Umpqua Bank?
Description
About Us:
Umpqua Bank is headquartered in the Pacific Northwest with 5,000 employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role:
In this role, you will analyze and evaluate customer credit information for new and renewal agricultural, C&I and CRE credit requests comprised of working capital lines of credit, asset-based lines of credit, agricultural real estate loans, commercial real estate loans (Owner Occupied and Investor) and equipment financing; most often from simple to moderately-complex enterprises with revenues greater than $5 million. You will collaborate with Client Solutions Managers ("CSMs") and Relationship Managers to prepare timely, high quality and concise credit recommendations needed to obtain credit approval and meet customer needs.
- Analyze business, industry, financial data and other supporting credit information concerning an applicant’s credit request; presents facts to, and collaborates with, CSMs and Relationship Managers to identify key business and financial risks allowing CSMs and Relationship Manager to derive conclusions, structure loans and support the credit recommendation.
- Prepare timely, concise, and accurate credit recommendations, with normal level of supervision. 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 agricultural, commercial and/or real estate loan documents; spread financial statements 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.
- Partner with CSMs and Relationship Managers in customer and prospect calls as appropriate; offers insight into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools.
- Partner with CSMs or Relationship Managers to follow up with customers to obtain all necessary information and clarification on financial analysis materials and resources; ensures customer is approved for all ancillary products.
- 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.
About You:
- Bachelor's degree in agribusiness, business, finance, accounting, or other related field or the equivalent in experience required.
- 2-4 years' commercial credit analysis or underwriting experience or the equivalent, required.
- 2-4 years' agricultural credit analysis or underwriting experience or the equivalent, preferred.
- Demonstrate acceptable completion of Intermediate Accounting classes acquired through an accredited university or college and/or completion of bank credit underwriting training.
- Proven ability to spread company and personal financial statements, including income tax returns, using Moody’s Risk Analyst or other comparable spreading tool; includes knowledge about financial statement structure and business entity types.
- Basic experience analyzing and monitoring commercial lines of credit and term loans (both secured and unsecured), as well as income property real estate, non-profit lending or other specialty lending types.
- Experience in analysis of financial reporting specific and unique to agribusiness, including operating budgets preferred.
- Proficient knowledge of agribusiness credit, policies and procedures and ability to analyze a budget preferred.
- Familiarity and demonstrated experience underwriting Agribusiness loans, including revolving and non-revolving crop lines and loans, Agribusiness real estate, and Agribusiness equipment loans preferred.
- Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
- Possess excellent written, verbal and interpersonal skills, including documenting effective presentations using Excel, Word or other related software/business tools.
- Experience working with bank credit policies, procedures, practices and documentation.
Work Style: Fully onsite.
Our Benefits:
We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $58,502.00 - $100,000.00, 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: [email protected]
To 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.
Salary : $58,502 - $100,000
