Job Description

Asset Based Lending Lake Oswego, Oregon NA, Oregon NA, Washington NA, California NA, Colorado NA, Idaho NA, Utah NA, Arizona NA, Nevada

Description

About Us:

Umpqua Bank is a publicly traded financial holdings company, headquartered in the Pacific Northwest with 6,000+ employees, which offers banking services to customers throughout the nation. It\'s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.

We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.

About the Role:

Manage a portfolio of problem commercial borrowing relationships to maximize recovery to the bank through effective implementation of workout and liquidation strategies to mitigate loss. Manages and implements asset disposition plans through effective marketing of bank acquired loan collateral. Other Real Estate Owned (OREO) properties, including development and oversight of short sale strategies and assigned note sales. May supervise and lead the work of others. Manages the most complex transactions.

\xc2\xb7 Implement or assist in the development of timely workout action plans and effective follow up plans. Evaluate and document bank collateral position, complete business survivability assessments, and recommend alternative work out solutions as needed.

\xc2\xb7 Responsible for managing the collection activities on assigned accounts including broken payment follow up with borrowers, fee waiver and presenting recommendation for resolutions to more senior workout officers.

\xc2\xb7 Direct legal actions, bankruptcy, foreclosure, and judgment processes, and repossession or replevin actions for the team\'s portfolio. Conduct and manage negotiations and meetings with attorneys and borrowers.

\xc2\xb7 Responsible for asset disposition relative to more complex transactions including: A&D, bulk lots, land development properties, and note sales. May require strategic planning, marketing, and management of bulk land and/or lots in various stages of entitlement.

\xc2\xb7 Prepare complex analyses related to discounted cash flow and stabilization projections and sell recommendations for approval by senior or executive management.

\xc2\xb7 Analyze problem loans and make recommendations or approve actions to foreclose, repossess, or liquidate collateral when applicable.

\xc2\xb7 Facilitate meetings with borrowers, guarantors, business bankers, and attorneys to negotiate workout plans that will return loans to performing/pass status.

\xc2\xb7 Handles collections and charge-off accounts, assists lending officers on non-special asset accounts and prepares management reports as required.

\xc2\xb7 Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.

\xc2\xb7 Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.

About You:

\xc2\xb7 Bachelor\'s Degree in MIS, computer science, or related field

\xc2\xb7 7-10 years of experience in special assets, commercial lending, loan workout, foreclosure, loss mitigation, OREO or real estate sales management and/or recovery/liquidation

\xc2\xb7 Less than 2 years of previous supervisory or lead work experience

\xc2\xb7 Demonstrated ability to handle large, diverse, and complex transactions.

\xc2\xb7 Ability to handle multiple type of accounts.

\xc2\xb7 May supervise staff or direct business activities of other associates.

\xc2\xb7 Possess strong commercial credit skills, with the ability to assess complex business financial statements and restructure commercial loans accordingly.

\xc2\xb7 Expert knowledge of and experience in financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral.

\xc2\xb7 Possess excellent interpersonal, written, verbal, organizational, analytical, and decision making skills.

\xc2\xb7 Expert negotiating skills, proven ability to influence the attitudes and opinions of others, as well as work independently to achieve goals.

\xc2\xb7 Ability to communicate effectively with high-level internal and external contacts, including executive leadership.

\xc2\xb7 Extensive analytical and computer skills.

\xc2\xb7 Knowledge of overall Bank goals, including familiarity with procedures, policies and directives of the Bank and knowledge of procedure for establishing, maintaining and recommending all types of bank services.

\xc2\xb7 Ability to train and present to small and large audiences.

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $73,710.00-$149,466.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.

We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

Our Commitment to Diversity:

Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email:

To Staffing and Recruiting Agencies:

Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.

Umpqua Bank