Commercial Underwriter

Old National Bank•Chicago, IL

18h•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 currently seeking a Commercial Underwriter for our Capital Markets and Mid-Corporate Leverage Finance teams. Primary responsibility is extensive financial analysis, projection modeling, 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, completing a detailed financial analysis to obtain a deeper understanding of an application’s credit risk. Collaborate with Relationship Managers, and internal support staff to provide credit expertise to underwrite and monitor your assigned portfolio of accounts and report on quarterly. We are an in-office working environment with offices for this role at 8750 W. Bryn Mawr, Chicago (close to Rosemont and the Cumberland stop of the Blue line).

Requirements

5-7 years of progressive experience within Commercial Credit is required with each incremental level of responsibility.
Knowledge of Enterprise Value lending is required.
5-7 years within Capital Markets or Mid Corporate Leverage Finance.
Understands and takes appropriate action related to risks associated with lending to various types of industries.
Skilled with loan structuring and loan documentation, 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.
Bachelor’s degree in finance, accounting or equivalent experience required, MBA preferred.

Nice To Haves

MBA preferred.

Responsibilities

Underwrite renewals and new credit requests focusing on appropriate due diligence, 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.
Produce 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.
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
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 Relationship 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.
Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned Relationship Managers.
Quarterly Special Asset Reports will need to be prepared on all adversely risk rated credits to include upgrade and downgrade triggers as well as detailed Action Plans coordinated with the Relationship Managers and Senior Credit Officer.
Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate