HomeStreet Bank
Portfolio Management Underwriter III, Commercial Banking (Hybrid, Tacoma, WA)
HomeStreet Bank, Seattle, Washington, us, 98127
Salary Range:
$98,200.00 - $161,900.00
(Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.)
Posting Date:
December 17, 2024
This job will be open and accepting applications for a minimum of three days from the date it was posted.
Benefits* worth writing home about:
Medical, dental, and vision coverage for employees and their families
Life, disability and family Leave
401(k) and Roth 401(k) with employer match
Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts
Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work
Free employee checking account and employee home loan discounts
*For eligible employees averaging 20 or more hours per week.
EO/AA Employer including Vets and Disabled.
Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.
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Job Description Summary:
Responsible for underwriting and analyzing new and renewed lines of credit and loans of various types and complexities in accordance with Bank and Department policies and procedures. Credit requests may include syndicated and participated loans, real estate, Small Business Administration loans, nonprofit and tax exempt facilities. Active involvement in concept memo review process to assess early viability of requests. Assist in oversight of portfolio credit quality including risk assessment and overall portfolio maintenance.
Job Details:
PRIMARY FUNCTIONS
: Primary responsibility for underwriting and managing the team's most complex credits and increase requests Assist with coordination and completion of renewals for team's credits Provide feedback for concept memo meetings as appropriate Write up preflights in coordination with Relationship Managers Draft prospect/borrower information requests with Relationship Managers Assist with ordering 3rd party reports, as necessary Review third party reports, as necessary Draft new and renewal credit requests, in coordination with Relationship Manager or Portfolio Manager Assists Portfolio Manager Underwriter with deal structures, as necessary Draft CRE addendum Review agreements including purchase and sale agreements, lease agreements, etc. Shephard credit quest underwriting through various levels of recommendation and approval May review loan documents prior to signing, as needed May assist in obtaining insurance information, as needed Primary role in closing signing meetings (internal and external) May assist in coordinating booking documents, as necessary Coordinates collection of financials and required tickler items from borrowers Performs and/or assigns site visits for completion Coordinate covenant testing and tickler follow up May perform covenant tests on the most complex credits, as necessary Review and/or draft waivers or forbearance requests and letters prior to issuance Draft watch list credit comments for presentation Draft Problem Loan Reports and handles adverse rated credits remaining on line Assists with post-closing work (tickler setup, merging credit quest records), as necessary. QUALIFICATIONS: Bachelor's Degree in Business related field or equivalent education preferred Ability to read and interpret a variety of financial statements required Ability to spread financial statements using Credit Quest Minimum of 7 years' experience in commercial credit underwriting or related experience Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities Proficiency with Microsoft office products (Excel, Word, Outlook) Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information Ability to meet deadlines and work under pressure Willingness to assume additional responsibilities/duties/projects as they arise MENTAL AND PHYSICAL CONSIDERATIONS: Willing and able to travel occasionally as needed. Able to operate a Personal Computer and view information on a monitor for extended periods. Must be able to sit for many hours each day. Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending. Ability to lift or carry up to 20 pounds Ability to speak English and express ideas and have difficult conversation in person and over the telephone Ability to listen and comprehend speech. Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner. WORK ENVIRONMENT: Normal business office environment. Ability to sit in artificial light for extended periods of time This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position. Area:
Underwriting (Sales)
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: Primary responsibility for underwriting and managing the team's most complex credits and increase requests Assist with coordination and completion of renewals for team's credits Provide feedback for concept memo meetings as appropriate Write up preflights in coordination with Relationship Managers Draft prospect/borrower information requests with Relationship Managers Assist with ordering 3rd party reports, as necessary Review third party reports, as necessary Draft new and renewal credit requests, in coordination with Relationship Manager or Portfolio Manager Assists Portfolio Manager Underwriter with deal structures, as necessary Draft CRE addendum Review agreements including purchase and sale agreements, lease agreements, etc. Shephard credit quest underwriting through various levels of recommendation and approval May review loan documents prior to signing, as needed May assist in obtaining insurance information, as needed Primary role in closing signing meetings (internal and external) May assist in coordinating booking documents, as necessary Coordinates collection of financials and required tickler items from borrowers Performs and/or assigns site visits for completion Coordinate covenant testing and tickler follow up May perform covenant tests on the most complex credits, as necessary Review and/or draft waivers or forbearance requests and letters prior to issuance Draft watch list credit comments for presentation Draft Problem Loan Reports and handles adverse rated credits remaining on line Assists with post-closing work (tickler setup, merging credit quest records), as necessary. QUALIFICATIONS: Bachelor's Degree in Business related field or equivalent education preferred Ability to read and interpret a variety of financial statements required Ability to spread financial statements using Credit Quest Minimum of 7 years' experience in commercial credit underwriting or related experience Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities Proficiency with Microsoft office products (Excel, Word, Outlook) Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information Ability to meet deadlines and work under pressure Willingness to assume additional responsibilities/duties/projects as they arise MENTAL AND PHYSICAL CONSIDERATIONS: Willing and able to travel occasionally as needed. Able to operate a Personal Computer and view information on a monitor for extended periods. Must be able to sit for many hours each day. Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending. Ability to lift or carry up to 20 pounds Ability to speak English and express ideas and have difficult conversation in person and over the telephone Ability to listen and comprehend speech. Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner. WORK ENVIRONMENT: Normal business office environment. Ability to sit in artificial light for extended periods of time This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position. Area:
Underwriting (Sales)
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