Construction Review Administrator
Loan Operations
Mountlake Terrace,
Washington
Description
About Us:
At Umpqua, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of ourassociates.
We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.
Think of us as financial partners, because at Umpqua, we believe the best way forward is together. Together for people. Together for business. Together for better.
About the Role:
Oversees and participates in receipt of receiving, as well as evaluating construction related due diligence items and equity verification during commercial real estate loan underwriting operations, and coordinates loan closings; summarizes findings in credit recommendation for Construction Loan Administration (CLA).
Engages and monitors third party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications and site visits.
Initiates, performs and/or reviews construction loan disbursements.
Interacts with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (Regional Manager, loan officer) and other Umpqua associates.
Analyzes, reviews and comments on Construction Loan Agreements and related legal documents for CLA requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule.
Review credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with CLA requirements, policies and procedures.
Develop CLA credit document, the Credit Risk Certification (CRC) for each assigned construction loan, and review with RM prior to submittal to Credit Quality for approval.
Identify equity requirements, verification, and closing documentation, and coordinate with Loan Administration and Loan Support Services. Identify deficiencies and ensure corrections prior to recommendations and granting final acceptance.
Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of "Plans & Specs", verification of construction budgets, endorsement of design professionals and construction contracts, etc. During construction, monitor the monthly draw requests inputting necessary information into the CLA tracking systems.
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.
Embraces our vision to become "Business Bank of Choice"
May perform other duties as assigned.
About You:
Bachelor's degree in architecture, civil or structural engineering, construction management orsimilar,preferred.
Associate, vocational, or technical degree related to information technology or related field equivalent experience, required.
4-6 yearsof relevant construction, construction lending, credit analysis, and/or appraisal experience, required.
Ability to be flexible with an ever-changing body of work; manage multiple projects and inquiries at the same time; learn quickly, knowing own learning style; recognize and support efficiency opportunities.
Ability to read, review and comment on complex loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements.
Demonstrated analytical and problem-solving skills including wide-ranging and in-depth knowledge of real estate and construction industry practices.
Proven written and verbal communication skills, including verbalizing concerns, conflict resolution and proofing/editing others' documents.
Intermediate proficiency with personal computers and related software packages such as Microsoft Office products, especially Outlook, Word and Excel. Knowledge of Microsoft Project or other scheduling softwaredesired butnot required.
Knowledge of loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements; construction and real estate industry standards (AIA and AGC documents, appraisals, surveys, title reports, insurance requirements, etc.) and direct field experience desired.
Proficient at working effectively and collaboratively with individuals, groups and departments across the company to manage internal and external customer relationships.
Ability to train and present to small and largeaudiences orhas the interest in learning to train and present.
Job Location(s): Ability to work fully onsite at posted location(s).
24120 Van Ry Boulevard 1st Floor,Mountlake Terrace, WA 98043
Travel Type : Occasional
Our Benefits:
We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is $77,968.80 - $135,000.00, and the pay rate for theselected candidate isdependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The rolemay beeligible 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 isan equal opportunityand affirmative actionemployercommitted to employing, engaging, and developinga diverse workforce.Allqualifiedapplicants will receive considerationfor employmentwithout 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 onlyintendedfor individuals seekingemploymentat 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 resumestothis site or toany Umpqua Bank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.
