Affordable Housing Underwriter / Sr. Underwriter
Commercial Banking
Kirkland,
Washington
Portland,
Oregon
Seattle,
Washington
Sacramento,
California
Walnut Creek,
California
Description
About Us:
AtColumbia, 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 atColumbia, we believe the best way forward is together. Together for people. Together for business. Together for better.
About the Role:
Underwrites new and renewal Commercial Real Estate affordable housing credit requests primarily comprised of construction and permanent loans for affordable housing projects throughout Columbia'sfootprint..Collaborateswith Relationship Managers to accurately present findings, including business rationale and risk mitigations,in order toobtain credit approval and meet customer needs.
Analyzes business, industry, financial data and other supporting credit information concerning an applicant's affordable housing 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.
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 (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).
Presents facts and offers opinions/recommendations to Relationship Managers concerning applicant's credit worthiness.
Monitors borrower and guarantor financial performance in line with 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.Collaborateswith Relationship Managers to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner.
Conducts periodic market analysis and other projects to support the lending and monitoring efforts of the team.
Partners with 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 Relationship Managers in customer and prospect calls as appropriate and with the approval of the Affordable Housing Manager.
May work with Relationship Manager and outside legal counsel to obtain correct and accurate loan documentation that memorializes the terms and conditions of approved credit actions.
Reviews and monitors commercial and/or real estate loan documents for accuracy, completeness, and adherence to approval conditions.
Prepares and presents construction monitoring reports, assists in gathering, updating, and tracking ticklers, and annual term loanreviews..
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 theColumbiacorporate 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 Business, Finance, Accounting, or equivalent work experience.
6+ years of commercial underwriting/credit analysis experience or relevant lending experience specifically in the field of Affordable Housing Finance.
Advanced analytical and problem-solving skills.
Advanced credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis experience fornon profitandfor profitbusinesses, as well as individuals.
Advanced knowledge of credit policies, procedures, practices and documentation.
Excellent written, verbal, interpersonal and presentation skills
Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships
Demonstrated time management skills, reflecting the ability to juggle multiple tasks simultaneously while delivering workproducton time.
Ability to train and present to small and large audiences or has the interest in learning to train and present
Job Location(s): Ability to work fully onsite at posted location(s).
Seattle WA
Kirkland WA
Portland OR
Sacramento CA
Walnut Creek CA
Our Benefits:
We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is$86,000.00 - $130,000.00,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 incentivecompensationand 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 :
ColumbiaBank 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 seekingemploymentatColumbiaBank.ColumbiaBank does not accept unsolicited resumes or applications from agencies andColumbiaBank 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 toanyColumbiaBank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.
