Job Description

About Us:

At Umpqua, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of our employees.

We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.

Think of us as financial partners, because at Umpqua, we believe the best way forward is together. Together for people. Together for business. Together for better.

About the Role:

Procures, engages, and reviews complex and non-complex commercial valuation products delivered to the bank to ensure compliance with USPAP, FIRREA, IAEG, and Umpqua Bank policy. Communicates with partnering lines of business to address appraisal or collateral risk issues. Works closely with management to increase staff competency in all aspects of commercial appraisal. Assists in the mentoring of junior level staff. Provides subject matter expertise to address escalations and/or reconsiderations of appraisal concerns. Participates in the development of commercial appraisal bank policy and guidelines.

• Procures bids and awards for commercial real estate appraisal vendor RFPs in the fulfillment of complex commercial valuation products utilized for the credit lending decision.
• Reviews incoming complex valuation products for credible methodology and compliance with SOW, USPAP, FIRREA, IAEG, and bank policy.
• Develops USPAP (compliance or technical) commercial appraisal and evaluation reviews to be utilized in the bank’s credit lending and/or portfolio management decisions.
• Assures compliance with Fair Lending Practices and Appraisal Independence.
• Provides subject matter expertise on complex commercial appraisal methodology and appraisal regulatory requirements. Ability to communicate these requirements as applicable to address valuation questions from line of business partners and/or auditors.
• May prepare FIRREA/USPAP compliant appraisals, appraisal validations, corrective appraisal reviews and/or evaluations for Umpqua Bank.
• Assists Special Assets and Credit Quality with impairment analysis for real estate secured credits, as needed.
• Manage and prioritize work queue to meet turn-time deadlines. Triage workload with thoughtful consideration of loan level data. Meet or exceed review production goals in-line with department’s benchmarks.
• Maintains compliance with the department system of record and appraisal work file requirements
• Assist in the development of valuation solutions based upon subject expertise, representing the department at a broader level.
• Occasionally assist management with the overall operation of the valuation program and/or lead working group projects.
• Mentors junior level appraisers and encourages increased competency in all aspects of commercial valuation.
• 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 "Business Bank of Choice"
• May perform other duties as assigned.

About You:

• Bachelor’s degree in business or related field or the equivalent in education and experience required.
• Active State Certified General License required
• 10+ years of relevant commercial appraisal review experience or combination of commercial appraisal review and appraisal field work required.
• Strong multi-state experience reviewing commercial real estate appraisals. Real estate property type specific expertise (Agricultural, Special Purpose, etc.) and national review experience a plus.
• Ability to obtain and maintain additional appraisal licensing in multi states upon business unit request.
• Sound judgement and strong analytical problem-solving skills, and business acumen.
• Advanced knowledge of appraisal policies, procedures, practices, and documentation.
• Excellent written and verbal communication.
• Ability to work at all levels of the organization and maintain mutually beneficial working relationships cross-functionally.
• Computer and software proficiency including but not limited to Word, Excel, Outlook, PowerPoint, and other more specific appraisal related software applications and misc. data aggregators.
• Advanced knowledge of USPAP, FIRREA, IAEG, and other federal real estate appraisal related regulations and how regulations apply to real world lending scenarios.
• Ability to work independently making timely and sound decisions. Escalate collateral risk concerns swiftly and clearly.
• Ability to present to small and large audiences when communicating collateral risk concerns or department/bank processes

Job Location: Ability to work fully onsite at posted location(s)

At an available location within the Umpqua Bank Footprint

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $100,000 - $150,000, 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: careers@umpquabank.com.

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.

Job Tags

Similar Jobs