Portfolio Management Underwriter II - Commercial Banking (Hybrid, Tacoma)

$85,400 - $140,900/Yr

Homestreet Bank - Tacoma, WA

Full-time - Mid Level

Tacoma, WA

Credit Intermediation and Related Activities

About the position

The Underwriter position at HomeStreet Bank is responsible for underwriting and analyzing moderate to complex new and renewed lines of credit and loans, ensuring compliance with bank policies and procedures. The role involves active participation in the credit request process, oversight of portfolio credit quality, and collaboration with junior underwriters. This position plays a crucial role in managing the team's book of business, coordinating renewals, and assisting in various underwriting tasks.

Responsibilities

• Underwrite and manage the team's book of business including renewals and requests for increases.
• Coordinate renewals for team's credits and monitor renewal reports.
• Provide feedback for concept memo meetings.
• Draft prospect/borrower information request lists in coordination with Relationship Manager.
• Complete financial statement spreads as needed.
• Order and review third-party reports, including credit reports and appraisals.
• Draft new and renewal credit requests in coordination with Relationship Manager or Portfolio Manager.
• Assist Portfolio Manager/Underwriter with deal structures as necessary.
• Draft CRE addendum and review purchase and sale agreements.
• Shepherd credit quest underwriting through various levels of recommendation and approval.
• Review loan documents prior to signing as needed.
• Assist in obtaining insurance information as needed.
• Lead closing signing meetings as appropriate.
• Coordinate collection of financials and required tickler items from borrowers.
• Perform site visits and coordinate covenant testing and tickler follow-up.
• Review and/or draft waivers or forbearance requests and letters prior to issuance.
• Draft watch list credit comments for presentation and Problem Loan Reports.
• Assist with post-closing work as necessary.

Requirements

• Bachelor's Degree in Business related field or equivalent education preferred.
• Minimum of 5 years' experience in commercial credit underwriting or related experience.
• Ability to read and interpret a variety of financial statements.
• Proficiency with Microsoft Office products (Excel, Word, Outlook).
• Strong written and oral communication skills, attention to detail, and proofreading abilities.
• Ability to meet deadlines and work under pressure.

Nice-to-haves

• Experience with Credit Quest software.
• Knowledge of Small Business Administration loans and nonprofit loans.

Benefits

• 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 and employee assistance program.
• Generous vacation and sick leave, 11 paid holidays, and 16 hours of paid leave for community service work.
• Free employee checking account and employee home loan discounts.