Sr. Commercial Real Estate Officer
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Job Location:
Phoenix, NM - USA
Monthly Salary:
$ 69230 - 149000
Posted on:
6 days ago
Vacancies:
1 Vacancy
Job Summary
UMBssuccessis directly impacted by the growth of ourCommercialReal Estateloanportfolio. The team consists of Portfolio Managers Underwritersand Relationship Managers. This team manages CommercialReal Estatethroughout its life developing meaningful connections with management of the companies they majorityof Commercial Real Estate loans include construction and refinancing of multi-family office and industrial mindful of the changes in theCommercial Real Estateindustry etc. over time that might create a change in their financial service needs. The team takes great pride in seeing a Commercial Real Estate loan project through its initial planning stage to completion.
As theSr. Commercial Real Estate Officer youwillbe engaged in non-owner-occupied commercial real estate (CRE) lending including construction loans interim loans permanent loans andrefinancing ofreal estate loans.Production goals for both new loan originations and deposits will be assigned.
How you will spend your time:
- Serve as an expert on CRE loans for the market.
- Generate new CRE loan and cross-sell opportunities with new and existing clients as well as underwrite the collateral property market and guarantor; structure the loan; prepare the loan approval package; present the request to loan committee for consideration; and negotiate and document the loan in conjunction with the assigned Loan Closing Coordinator and outside legal counsel (as applicable).
- Oversight and mentoring of junior CRE lender(s) in the market which may include providing training as needed as well asparticipatingin discussionsretheir loan opportunities and relationships etc.
- Oversight of a portfolio of CRE loans which includes the following responsibilities:
- In conjunction with the Construction Loan Disbursement Group review monthly construction loan draw requests to ensure constructionremainson budget and on schedule.
- In conjunction with the assigned REG Portfolio Managermonitorthe collateral property performance to ensure absorption operating performanceetcmeet covenant requirements and are consistent with the approval and appraisal assumptions.
- In conjunction with the assigned REG Portfolio Manager prepare renewals modifications (as applicable)and annual reviews of the loans.
- In conjunction with the assigned REG Portfolio Manager perform regular reviews of property and guarantor financialconditionto ensure the highest credit quality as well as the continued appropriateness of the risk rating.Recommend risk rating adjustments as needed.
- Some travel to California and / or New Mexico may be necessary.
- Represent UMB as the senior CRElender inthe market
- Other duties as assigned.
We are excited to talk toyouif:
- Bachelors degree or equivalent experience in related field
- 7 years Commercial Real Estate lending and underwriting experience
- Demonstrates expert knowledge of CRE credit and underwriting
- Demonstrates strong attention to detail
- Demonstrates strong knowledge of bank products services and bank operations
- Demonstrates ability to be self-starter and show initiative
- Demonstrates excellent communication skills (verbal & written)
- Demonstrates ability to prospect and network at various levels within the company
- Demonstrates strong connectivity with local commercial real estate development network
- Demonstrates ability to manage time and projects effectively
- Demonstratesproficiencyin Word Excel PowerPoint
Compensation Range:
$69230.00 - $149000.00The posted compensation range on this listing represents UMBs standard for this role but the actual compensation may vary by geographic location experience level and other job-related 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.
Are you ready to be part of something more
Youre more than a means to an enda way to help us meet the bottom line. UMB isnt 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. Youll 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 to let us know the nature of your request.
If you are a California resident please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
Required Experience:
Senior IC
