Commercial Underwriter - ABL

Old National Bank • Nashville, TN

3d • $60,000 - $165,100 • Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
We are growing and currently have opportunities for Commercial Underwriters for ABL. This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. You will assign an appropriate asset quality rating, in a fast-paced, high-volume environment, completing a detailed financial analysis to obtain a deeper understanding of an application’s credit and collateral risk. You will collaborate with Relationship Managers, and internal support staff to provide credit expertise to underwrite and monitor the portfolio.
The salary range for this position is $60,000 - $165,100 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.
We are an in-office working environment at our office 8750 W. Bryn Mawr Chicago (near Rosemont and the Cumberland Blue line station), Hickory Hills IL, 120 N. LaSalle, or Lincoln Park.

Requirements

• Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.
• Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements.
• Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral.
• Ability to comply and conform to ONB lending policies, guidelines, and standards.
• Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly.
• Must be able to actively listen and quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly.
• Must feel comfortable working in a collaborative team environment along with being an independent thinker.
• Proficient with financial projection modelling and Excel.
• Bachelor’s degree in finance, accounting, or equivalent experience.

Nice To Haves

• Field Exam experience a plus.

Responsibilities

• Underwrite Loans
• Underwrite complex ABL transactions due to size, structure, borrower organization or collateral.
• Deep understanding of collateral types and attendant risks in monitoring and disposition.
• Underwrite credit requests focusing on appropriate due diligence including historical financials and projections, collateral performance and expected recoveries, management assessment, industry drivers and competition, risk assessment including strengths and weaknesses and assigning asset quality ratings (AQR).
• Meet quality standards as outlined in ONB underwriting guidelines and policy, evaluation by Loan Review, OCC, and credit approvers.
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
• Produce a high quality and accurate analysis while also not sacrificing efficiency in a fast-paced, high-volume environment juggling multiple requests while adhering to client driven response timelines.
• Partner with respective Relationship Managers as well as Treasury Management Partners
• Support and promote new business efforts through interaction with Relationship Managers, Portfolio Managers, third party due diligence providers, and Credit Officers to ensure a collaborative team and empowered environment.
• Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win-win solutions.
• Deliver exceptional internal customer service and adopt new processes and new tools, as available.
• Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise.
• Monitor Portfolio
• Accurately assign asset quality ratings (AQR) consistent with Policy definitions.
• Work as needed with assigned Portfolio Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default and Borrowing Base Certificate (BBC) reports and other reports as appropriate.

Benefits

• competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance
• 401K
• continuing education opportunities
• employee assistance program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level