Columbia Bank · 1 month ago
CRE Underwriter
Kirkland, WA
Full-time
Onsite
Mid, Senior Level
$86K/yr - $150K/yr
6+ years expColumbia Bank is seeking a CRE Underwriter to underwrite new and renewal Commercial Real Estate affordable housing credit requests. The role involves analyzing financial data, preparing credit recommendations, and collaborating with Relationship Managers to ensure compliance and risk mitigation.
BankingFinanceFinancial Services
Responsibilities
Underwrites new and renewal Commercial Real Estate affordable housing credit requests primarily comprised of construction and permanent loans for affordable housing projects throughout Columbia’s footprint
Collaborates with Relationship Managers to accurately present findings, including business rationale and risk mitigations, in order to obtain 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. Collaborates with 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 loan reviews
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 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
Qualification
Required
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 for non profit and for profit businesses, 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 work product on time
Ability to train and present to small and large audiences or has the interest in learning to train and present
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
Holidays
Company
Columbia Bank
Columbia Bank is a provider of personal and business banking services.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2020-06-01Acquired
Leadership Team
Kelly Kelly
VP, Human Resources Business Partner
Todd Leber
Chief Commercial Banking Officer
Recent News
2025-12-20
2025-12-16
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