The emergence of large language models and their applications as AI agents have significantly advanced state-of-the-art code generation benchmarks, transforming modern software engineering tasks. However, even with test-time computed reasoning models, these systems still struggle with complex software engineering challenges. This work introduces CURA, a code understanding and reasoning agent system enhanced with verbal process supervision (VPS), achieving a 3.65\% improvement over baseline models on challenging benchmarks like BigCodeBench. Furthermore, CURA, when paired with the o3-mini model and VPS techniques, attains state-of-the-art performance. This work represents a step forward in integrating reasoning-driven architectures with LLM-based code generation, enabling agentic reasoning for language models to solve complex software engineering tasks.