Commercial Underwriter

Old National Bank•Saint Paul, MN

1d•$81,700 - $165,100•Onsite

About The Position

Old National Bank, a regional powerhouse with over $70 billion in assets, is seeking a highly motivated Commercial Underwriter. Founded in 1834, the bank is deeply rooted in its communities, focusing on client success and social responsibility. Old National offers competitive compensation, a comprehensive benefits package including medical, dental, vision, 401K, and continuing education, as well as opportunities for professional development through Impact Network Groups. This role offers a unique opportunity to join a growing, client-focused company with strong core values.

Requirements

Demonstrate at least 3-7 years progressive experience within CRE underwriting, commercial real estate appraisal or commercial credit analysis is required with each incremental level of responsibility.
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 with 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.

Responsibilities

Underwrite lending opportunities, balancing risk and growth, ensuring loan structures are appropriate and consistent with bank lending standards.
Assign an appropriate asset quality rating.
Complete a detailed financial analysis to understand an application’s credit risk.
Collaborate with Relationship Managers and internal support staff to provide credit expertise to underwrite and monitor the portfolio.
Underwrite 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.
Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
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.
Partner with respective Relationship Managers as well as Treasury Management Partners.
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.
Monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate.