Underwriter II - REG

UMB Bank•Denver, CO

10d

About The Position

This role is responsible for engaging in the assessment and underwriting of new REG-Managed Investment CRE loans (non-owner occupied CRE loans ) in accordance with established underwriting policies, practices and standards. Key highlights of the role will include the following Partner with UMB relationship managers and bankers to perform credit underwriting duties for existing/prospective client relationships, which may include but are not limited to the following: 1) perform detailed credit analysis to determine borrower/guarantor repayment capacity, 2) appropriate loan structuring recommendations, and 3) complete all of or portions of the credit packages (as agreed with the relationship manager/banker) for submission to appropriate approval authority (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 appropriate approval authority on behalf of relationship managers/bankers 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 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; Participate in various REG underwriting-related projects, as available; May mentor less experienced REG underwriters and/or portfolio managers; and Other duties as assigned.

Requirements

Must have Bachelor’s degree in Business, Accounting, Finance or related fields and 5+ years commercial banking experience (including 3+ years of specific commercial real estate experience) including credit underwriting
Current valid driver’s license
Excellent communication skills (verbal & written)
Excellent 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.
Excellent level of understanding of credit underwriting of all major investment CRE property types
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
Excellent 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 knowledge of commercial lending software

Responsibilities

Partner with UMB relationship managers and bankers to perform credit underwriting duties for existing/prospective client relationships
Perform detailed credit analysis to determine borrower/guarantor repayment capacity
Make appropriate loan structuring recommendations
Complete all of or portions of the credit packages for submission to appropriate approval authority (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 appropriate approval authority on behalf of relationship managers/bankers 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 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
Participate in various REG underwriting-related projects, as available
May mentor less experienced REG underwriters and/or portfolio managers
Other duties as assigned

Benefits

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
Various associate banking benefits