Commercial Underwriter, Sr

Old National Bank•Chicago, IL

2d•Onsite

About The Position

A Commercial Underwriter in the applicable segmentation (Corporate, C&I, or Specialty) has the primary responsibility of underwriting and decisioning applicable segmentation lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign an appropriate asset quality rating, and decision applications with assigned lending authority in a fast-paced, high volume environment completing a detailed financial analysis to obtain a deeper understanding of an application’s credit risk. A Commercial Underwriter will collaborate with Relationship Managers (appliable segmentation) , internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio. We are an in office culture with office locations in Mnpls/St Paul, Milwaukee, Chicago area, Troy MI, Indianapolis IN, Evansville IN and throughout the midwest.

Requirements

5 years of Commercial Credit experience required in Corporate Banking, C&I, or Specialty Banking required.
Bachelor’s degree in finance, accounting or related field OR equivalent experience
Demonstrated ability to independently ( with limited oversight ) , understand, analyze and interpret financial statements
Understands and takes appropriate action related to risks associated with lending to various types of industries.
Basic knowledge of loan structuring, borrowing causes and lending regulations; 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 given the high volume, fast-paced environment
Must be able to actively listen, 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.
Demonstrate p rogressive experience within Commercial Credit with each incremental level of responsibility

Responsibilities

Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, risk assessment and asset quality ratings (AQR)
Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluation by Loan Review, OCC, and/or others may identify unacceptable underwriting or inaccurate asset quality ratings (AQR)
Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume
Make prudent credit decisions balancing risk and growth; utilize assigned lending authority based on approval authority matrix to exercise granted authority confidently, independently via problem solving/sound decision making and with integrity
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, etc.
Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge , understanding, and application of ONB guidelines/standards/ polic ies , 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
Partner well with associates on revenue generating sales team, support teams and others in Credit to ensure a collaborative, team, and empowered environment
Accurately assign asset quality ratings (AQR)
Work with assigned R elationship M anagers 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 .
Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned R elationship M anagers
Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate