SBA Underwriter

Company: Umpqua Bank
Location: Washington
Posted on: September 21, 2023

Job Description:

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:In this role, you will Analyzes and spreads financial data related to new and renewal loan requests, including lines of credit, commercial real estate, working capital, equipment financing, loans for business start-ups, and business acquisitions, which typically would require a government guarantee. -

• Presents facts and offers opinions/recommendations to Business Development Officers (BDOs) concerning applicant's credit worthiness.
• Prepares summary and/or credit approval report documenting credit analyses and recommendation for credit decision to approving authority.
• Assists BDOs in gathering details for new loan requests and in processing servicing actions for existing relationships, maintaining contact with clients and resolving issues.
• Reviews annual financials on existing loans and analyzes the risk associated with the borrower's financial condition, recommending risk-rating changes when appropriate.
• Reviews and monitors commercial and/or real estate loan documents for accuracy, completeness and adherence to approval conditions.
• Follows up with customers to obtain all necessary information and clarification on financial analysis materials and resources.
• May work with attorneys, the SBA, USDA, and financial or other legal resources to obtain correct and accurate documents to fully protect the financial institution's interests in the credit relationship.
• May participate in customer and prospect calls with the BDO
• Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.
• Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other regulations that apply to your position
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert. About You:
  • Bachelor's Degree or equivalent (must have completed accounting and credit training courses)
  • 4-7 years of relevant credit analysis or commercial underwriting experience and SBA lending knowledge.
  • Strong analytical and problem solving skills with prior consumer, and commercial lending experience, wide-ranging and in-depth knowledge of industry practices.
  • Strong credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis experience.
  • Strong knowledge of credit policies, procedures, practices and documentation.
  • Strong knowledge of SBA SOP's.
  • Demonstrated sales skills and business development.
  • Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
  • Proficiency with personal computers and related software packages such as Word and Excel, and other business machines. We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $43,470.00-$89,886.00, 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.com 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.
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Keywords: Umpqua Bank, Washington DC , SBA Underwriter, Other , Washington, DC