Umpqua Bank Commercial Loan Administrator - Seattle - (KH22984) in Seattle, Washington
Commercial Loan Administrator - Seattle - (KH22984)
Job Requisition ID: KH22984
Job Title: Commercial Loan Administrator - Seattle
Job Type: Full-Time
Location: Seattle, WA
Umpqua Bank is seeking a Commercial Loan Administrator for our Seattle office.
This role is responsible for the administration and management of the Commercial loan process including the documentation, closing, file maintenance and data input. Works specifically on complex loans for commercial real estate/construction and term loans. Manages and monitors loans on an ongoing, day-to-day, and transactional basis working in close partnership with the Commercial Relationship Manager. Acts as the primary liaison with customers, attorneys, inspectors and title company representatives, during all phases of financing. Ensures all terms of the loan as approved are incorporated in the loan documents. Ensures all closing conditions are met and loans are closed within time frames. Responsible for setting up and monitoring loan and financial ticklers to ensure accuracy and timeliness. Administers a real estate portfolio in accordance with credit policy requirements for risk management. Analyzes title insurance commitment reports including title exceptions, and prepares tile/escrow instructions. May provide monthly construction draw analysis, reconciliation and disbursement. May processes all types of draw requests and recommend approval. Ensures all necessary document has been received. Takes action on times affecting the disbursement process such as change orders, sufficiency of funds, liens, set asides, restricted starts, etc. Negotiates loan documents and evaluates alternation solutions. Prepares data input sheets and provides information so that loans may be boarded on the proper servicing system and ensures all loan coding is correct. Monitors note rate re-pricing, fixings and other pre-and post-closing tasks. Maintain files with sufficient documentation for third-party review, prepares files for timely audits. Reviews and analyzes land surveys and environmental reports.
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 required or job-specific training. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Responsible for other duties as assigned. 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 "The World's Greatest Bank."
Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Exercises judgment within generally defined practices and policies in selecting methods and techniques for obtaining solutions. May direct the work of others or be assigned as “Team Lead” for a group of associates.
-5-10+ years of relevant commercial and real estate lending experience.
-Advanced analytical and problem solving skills.
-Advanced loan administration experience with knowledge of letters of credit, borrower based lending, multi-phased construction and multiple collateral properties.
-Thorough knowledge of commercial finance, law, documentation, accounting and data systems.
-Advanced technical expertise in loan closing and administration.
-Demonstrated ability to close commercial loans and administer complex commercial loan portfolio.
-Excellent written and verbal communication skills
-Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
-Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.
-Requires a bachelor’s degree or equivalent experience.
-Ability to train and present to small and large audiences or has the interest in learning to train and present.
PHYSICAL REQUIREMENTS & WORKING CONDITIONS
Work involves sitting, occasional walking, and lifting up to 10 pounds.
Requires close visual acuity.
Normal office environment.
No relocation offered.
Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.