Underwriter II - Real Estate Group

UMB Bank; Garden City (ID); On-site; USD 69,000 - 149,000; Full time

Job summary

A financial institution is seeking a Commercial Real Estate Underwriter II in Idaho to assist in the underwriting of Small Balance Commercial Real Estate loans. The role requires a Bachelor’s degree and 5+ years of commercial banking experience, along with strong analytical and credit underwriting skills. The position offers a competitive compensation range and comprehensive benefits.

Benefits

401(k) matching program

Annual incentive pay

Paid Time Off

Comprehensive benefit plan including medical, dental, vision

Qualifications

• 5+ years of commercial banking experience including credit underwriting.
• Expert knowledge in identifying and processing maturing loans.
• Strong proficiency in financial statements, loan contracts, and credit reports.

Responsibilities

• Perform credit underwriting duties for existing/prospective client relationships.
• Complete credit packages for submission to the credit committee.
• Provide customer service to existing and prospective clients.

Skills

Credit underwriting

Communication skills (verbal & written)

Analytical skills

Knowledge of bank products

Education

Bachelor’s degree in business, accounting, finance or related fields

Tools

Word

Excel

PowerPoint

Job description

Overview

Commercial Real Estate Underwriter II-Arizona Remote

This role is responsible for assisting Real Estate Group (REG) relationship managers in the assessment and underwriting of new SBCRE (Small Balance Commercial Real Estate) managed investment loans (non-owner occupied CRE loans $1,000,000 to $5,000,000) in accordance with established underwriting policies, practices and standards.

Responsibilities

• Partner with REG relationship managers to perform credit underwriting duties for existing/prospective client relationships, which may include but are not limited to the following
• Perform detailed credit analysis to determine borrower/guarantor repayment capacity
• Appropriate loan structuring recommendations
• Complete all of or portions of the credit packages (as agreed with the relationship manager) for submission to credit committee for approval (new business and renewals)
• Preparation of underwriting documents will also include collateral analysis on multiple asset classes and preparation of pricing and risk rating models suitable for each credit request.
• Present loan submissions to the UMB senior loan committee on behalf of relationship managers and answer questions relative to the review and approval of the loan (as requested).
• Review appraisal upon receipt to confirm appraisal assumptions are in line with underwriting assumptions and satisfy any approval conditions.
• Provide recurring customer service to existing and prospective clients, which includes direct contact with customers either through participation in joint sales calls with relationship managers or direct correspondence with clients and perform various projects/tasks as needed with an emphasis on maintaining UMB TUCE (The Unparalleled Customer Experience) at all times.
• File all required forms and reports and resolve all related issues in a timely and efficient manner.
• Work with team members in loan operations, credit analysis, regional commercial banking, business banking, special asset management group, loan review, public finance, capital markets and international banking to coordinate commercial loan decisions, the closing process, plus ongoing commercial loan administration.
• Lead/participate in various REG underwriting related projects, as available.
• May mentor less experienced REG underwriters and/or portfolio managers.

Qualifications

• Bachelor’s degree in business, accounting, finance or related fields
• 5+ years of commercial banking (including specific CRE) experience including credit underwriting
• Excellent communication skills (verbal & written)
• Expert knowledge & understanding in how to identify and process maturing loans, line renewals, term loans that need to be extended, how loans can be restructured, approval process, change terms, new underwriting, etc.
• Expert level of understanding of credit underwriting of all major investment CRE property types. Demonstrates strong knowledge of bank products, services, and bank operations
• Ability to interpret policies/procedures, loan contracts, and understanding of credit reports, financial statements and loan documents
• Strong analytical skills, including underwriting of CRE properties and markets; and guarantor financial statements, including real estate schedules
• Ability to be self-starter, show initiative, and transfer knowledge to less experienced peers
• Strong proficiency in Word, Excel, PowerPoint and commercial lending software

Compensation

Compensation Range: $69,230.00 - $149,000.00

The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

EEO and Privacy

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to [e-mail] to let us know the nature of your request.

If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.

Who we are

We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.