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Construction Loan Officer

Umpqua Bank

This is a Full-time position in Spokane, WA posted June 7, 2021.

JOB PURPOSEOversees and participates in receipt of receiving, as well as evaluating construction related due diligence items and equity verification during commercial real estate loan underwriting operations, and coordinates loan closings; summarizes findings in credit recommendation for Construction Loan Administration (CLA).ESSENTIAL DUTIES AND RESPONSIBILITIES+ Engages and monitors third party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications and site visits.+ Initiates, performs and/or reviews construction loan disbursements.+ Interacts with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (Regional Manager, loan officer) and other Umpqua associates.+ Analyzes, reviews and comments on Construction Loan Agreements and related legal documents for CLA requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule.+ Review credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with CLA requirements, policies and procedures.+ Develop CLA credit document, the Credit Risk Certification (CRC) for each assigned construction loan, and review with RM prior to submittal to Credit Quality for approval.+ Identify equity requirements, verification, and closing documentation, and coordinate with Loan Administration and Loan Support Services.

Identify deficiencies and ensure corrections prior to recommendations and granting final acceptance.+ Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of “Plans & Specs”, verification of construction budgets, endorsement of design professionals and construction contracts, etc.

During construction, monitor the monthly draw requests inputting necessary information into the CLA tracking systems.+ Partner with RMs, Loan Administration, Corporate and Commercial Banking Centers, etc.

on all commercial loans involving construction, addressing any and all concerns as raised.+ Prepare, edit, and/or maintain reporting requirements on a weekly, monthly and annual basis, including contractor tracking and consultant agreements.+ 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 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.”+ May perform other duties as assigned.SUPERVISORY RESPONSIBILITIESnoneREQUIRED KNOWLEDGE, SKILLS AND ABILITIES+ Associate, vocational, technical degree, or certification in real estate, construction, accounting or public administration required.+ Bachelor’s degree in architecture, civil or structural engineering, construction management or similar preferred.+ 6+ years of relevant construction, construction lending, credit analysis, and/or appraisal experience.+ Ability to be flexible with an ever-changing body of work; manage multiple projects and inquiries at the same time; learn quickly, knowing own learning style; recognize and support efficiency opportunities.+ Ability to read, review and comment on complex loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements.+ Demonstrated analytical and problem-solving skills including wide-ranging and in-depth knowledge of real estate and construction industry practices.+ Proven written and verbal communication skills, including verbalizing concerns, conflict resolution and proofing/editing others’ documents.+ Intermediate proficiency with personal computers and related software packages such as Microsoft Office products, especially Outlook, Word and Excel.

Knowledge of Microsoft Project or other scheduling software desired, but not required.+ Knowledge of loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements; construction and real estate industry standards (AIA and AGC documents, appraisals, surveys, title reports, insurance requirements, etc.) and direct field experience desired.+ Proficient at working effectively and collaboratively with individuals, groups and departments across the company to manage internal and external customer relationships.+ Ability to train and present to small and large audiences, or has the interest in learning to train and present.PHYSICAL AND ENVIRONMENTAL DEMANDS+ Exposure to weather when visiting job sites and ability to safely visit active construction sites, i.e.

possibly climbing ladders, multiple flights of stairs, no fear of heights, wear a hard hat and safety equipment, etc.+ Occasional travel.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.

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