Underwriter II - Real Estate Group - Remote

UMB Financial Corporation; Arizona; Remote; USD 69,000 - 149,000; Full time

Job summary

A financial services company is seeking an Underwriter II for its Real Estate Group. This role involves assessing and underwriting commercial real estate loans, performing credit analysis, and collaborating with relationship managers. Candidates should possess a bachelor’s degree and at least 5 years of relevant experience. Competitive compensation ranges from $69,230 to $149,000, accompanied by various benefits including PTO and a 401(k) matching program.

Benefits

Paid Time Off

401(k) matching program

Annual incentive pay

Health insurance

Qualifications

• 5+ years of commercial banking experience including credit underwriting.
• Strong proficiency in analyzing financial statements and loan documents.
• Ability to lead and mentor less experienced underwriters.

Responsibilities

• Assist in underwriting new SBCRE investment loans.
• Perform detailed credit analysis for client relationships.
• Prepare underwriting documents and pricing models.

Skills

Commercial banking experience

Credit underwriting expertise

Excellent communication skills

Analytical skills

Education

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

Tools

Word

Excel

PowerPoint

Job description

Underwriter II - Real Estate Group page is loaded## Underwriter II - Real Estate Groupremote type: Remotelocations: AZ-REMOTEtime type: Full timeposted on: Posted Todayjob requisition id: R-7333**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.**How you will spend your time:*** 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.**We’re excited to talk to you if you have:*** 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 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.You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.*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* *to understand how we collect and use your personal information when you apply for employment with UMB.*### The Unparalleled Customer Experience