Summary
Overview
Work History
Education
Skills
Languages
Certification
Affiliations
Accomplishments
Websites
References
Timeline
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Jiwon Song

Seattle

Summary

Seasoned Senior Commercial Underwriter with expertise in loan underwriting and portfolio management. Proven track record in regulatory compliance and financial analysis, mentoring junior staff while enhancing cross-functional collaboration. Successfully originated and underwrote loans up to $30 million, ensuring adherence to compliance standards and optimizing credit processes.

Overview

8
8
years of professional experience
1
1
Certification

Work History

Senior Commercial Underwriter

Umpqua Bank
Seattle
03.2023 - Current
  • Analyzed commercial loan applications for risk assessment and compliance with regulations.
  • Reviewed loan applications to assess risk exposure and determine credit approval terms.
  • Evaluated financial statements and tax returns for borrower/guarantor creditworthiness, using various spreading programs, such as Moody's CreditLens.
  • Originated and underwrote investor commercial real estate/non-owner-occupied construction loans and term loans ranging from $2 million to $30 million, using the Salesforce nCino platform.
  • Originated, underwrote, and closed modifications and changes in terms for existing loans in the portfolio.
  • Ensured adherence to laws, regulations, and compliance during all internal processes.
  • Attended meetings with prospective borrowers to identify borrowing needs.
  • Monitored existing loan portfolios to verify compliance with contractual obligations, including covenants and annual loan reviews.
  • Worked closely with the credit analysis manager to develop new credit processes for the business team and update existing processes and procedures.
  • Mentored junior underwriters and analysts on industry standards and best practices.
  • Was the point of contact for various underwriting questions within the business team.
  • Collaborated with departments throughout underwriting process as needed.
  • Completed other ad hoc loan administration and bank operation tasks, including daily, weekly, monthly, and quarterly reports for the business team.

Commercial Real Estate Analyst III

Columbia Bank
Tacoma
08.2020 - 03.2023
  • Analyzed credit applications to evaluate risk and assess client creditworthiness.
  • Evaluated borrower and guarantor qualifications, both quantitative and qualitative.
  • Reviewed and analyzed financial statements using various spreading programs, including Optimist and Buker's.
  • Reviewed and analyzed appraisal reports, and environmental reports for loan origination and underwriting.
  • Originated and underwrote investor commercial real estate/non-owner occupied property construction loans, and term loans up to $24 million.
  • Collaborated with cross-functional teams for efficient loan processing, closing, and monitoring.
  • Monitored property, borrower, and guarantor financials on an annual basis to determine if the loan continued to be in compliance, including covenant measurements, and annual loan reviews.
  • Ensured compliance with laws, regulations, and internal loan processes.
  • Provided mentorship to junior analysts and summer interns.

Private/Professional Banking Credit Analyst

Columbia Bank
Tacoma
05.2017 - 08.2020
  • Reviewed and analyzed financial statements of potential borrowers to determine credit worthiness.
  • Analyzed borrower/guarantor financial statements using various spreading platforms, such as Optimist and Buker's.
  • Evaluated borrower/guarantor creditworthiness using established internal credit guidelines and policies.
  • Originated and underwrote commercial loans to both businesses and individuals, up to $10 million.
  • Conducted detailed analysis of customers' liquidity, capital structure, borrowing capacity and debt serviceability.
  • Collaborated with loan officers and the credit administration team to streamline the credit approval process.
  • Conducted regular reviews of credit policies and procedures to ensure compliance with regulations within the business team.
  • Led the credit analyst team for the Private Banking business team of the bank.
  • Provided guidance to junior analysts on best practices in credit analysis.
  • Collaborated with other departments within the organization to ensure efficient processing of loan applications.
  • Provided all training sessions for new credit analysts in the team.
  • Consulted with senior management regarding proposed changes in underwriting standards or procedures.
  • Identified areas where additional information was needed to complete a thorough analysis.
  • Participated in credit committees to present analysis and recommendations on credit proposals.
  • Monitored existing portfolios for compliance with credit policies and obligations, such as covenant measurements, and annual loan reviews.
  • Engaged in continuous learning to stay updated on best practices in credit analysis.

Education

BBA - Accounting

University of Washington
Seattle, WA
06-2016

Skills

  • Loan underwriting and portfolio management
  • Regulatory compliance
  • Financial analysis
  • Team leadership and communication
  • Attention to detail
  • Cross-functional collaboration
  • Multitasking skills
  • Report preparation

Languages

Korean
Professional

Certification

Columbia Bank Commercial Credit Program (Omega credit training program) 2019-2020

Affiliations

  • Volunteering at the Tacoma Rescue Mission and HopeSparks.
  • Avid traveler.
  • Outdoor activities include hiking and tennis.
  • Indoor activities include playing the piano, baking, and reading.

Accomplishments

  • WISE (women's resource group at Columbia Bank): Leadership role from 2020-2022. Led meetings, presented on various topics relating to that quarter's agenda, and brain stormed ways to bring the group together during the COVID-19 pandemic.

Websites

References

References available upon request.

Timeline

Senior Commercial Underwriter

Umpqua Bank
03.2023 - Current

Commercial Real Estate Analyst III

Columbia Bank
08.2020 - 03.2023

Private/Professional Banking Credit Analyst

Columbia Bank
05.2017 - 08.2020

BBA - Accounting

University of Washington

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