Affordable Housing Underwriter, Sr.

Columbia Bank•Irvine, CA

2d•$98,000 - $175,000•Onsite

About The Position

Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans. Assists Relationship Managers (RMs) 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. Analyzes appraisal and market data to assess market risk associated with the CRE project. Underwrites sponsors’ contingent debt, portfolio refinance risk, and global cash-flow to assess their ability to address financial obligations. Assesses CRE credit markets to analyze potential take-out financing. Identifies 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. Prepares 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. Monitors 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. Partners with Analysts 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 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. Maintains 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.

Requirements

7-10 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.
Demonstrated time management skills, reflecting the ability to juggle multiple tasks simultaneously while delivering high quality work product on time.
Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
Possesses excellent written, verbal, interpersonal and presentation skills.
Advanced knowledge of credit policies, procedures, and practices.
Proficiency with personal computers and related software packages such as Word and Excel.

Nice To Haves

Ability to work fully onsite at posted location(s).

Responsibilities

Underwrites and prepares credit presentations for complex Commercial Real Estate (CRE) loans.
Assists Relationship Managers (RMs) 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.
Analyzes appraisal and market data to assess market risk associated with the CRE project.
Underwrites sponsors’ contingent debt, portfolio refinance risk, and global cash-flow to assess their ability to address financial obligations.
Assesses CRE credit markets to analyze potential take-out financing.
Identifies 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.
Prepares timely, concise and accurate credit recommendations, with limited supervision or revision.
Documents quantitative components within the underwriting narrative.
Accurately uses risk rating scoring models, using both quantitative and qualitative rating elements.
Accurately identifies and mitigates all Bank tracked policy exceptions, tracked guidelines exceptions, and departures from established procedures and underwriting processes.
Accurately codes loans and risk rates when credits are boarded on bank operating systems.
Monitors 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.
Partners with Analysts and Relationship Managers to offer insights into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools.
Offers opinions related to a loan structure’s effectiveness to mitigate risks, appropriate to prevailing competitive market environment and Bank risk tolerances.
Partners 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.
Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintains 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.
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.

Benefits

Comprehensive healthcare coverage (medical, dental, and vision plans)
401(k)-retirement savings plan with employer match for qualifying associate contributions
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
Paid vacation
Sick days
Volunteer days
Paid holidays