Commercial Underwriter

Old National Bank•Evansville, IN

6d•$81,700 - $165,100•Onsite

About The Position

Old National Bank, a regional powerhouse with over $70 billion in assets, is seeking a motivated and talented Commercial Underwriter or Credit Analyst. Founded in 1834, the bank is deeply rooted in its communities, focusing on client success and social responsibility. Old National offers a competitive compensation package, including salary and incentives, medical, dental, and vision insurance, a 401K plan, continuing education opportunities, and an employee assistance program. The bank also supports employee engagement and inclusion through Impact Network Groups. This role offers a unique opportunity to join a growing, community and client-focused company that values its core principles.

Requirements

At least 3-5 years of commercial credit analysis or commercial underwriting experience.
Ability to independently/with limited oversight analyze and interpret financial statements and understand basic accounting principles.
Self-starter who 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 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 related field OR equivalent experience.

Responsibilities

Analyze and decision loans with Total Credit Exposure between $0 and $3 million, balancing risk and growth.
Ensure loan structures are appropriate and consistent with bank lending standards.
Assign an appropriate asset quality rating.
Complete an appropriate level of underwriting for the risk and size of the loan opportunity.
Decision applications with assigned lending authority in a fast-paced, high-volume environment.
Collaborate with Business Bankers and Commercial Segment Relationship Managers, internal support staff, and others to provide credit expertise and support the commercial loan origination and review process.
Underwrite and decision 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.
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.
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 common types of requests including C&I, small non-owner occupied commercial real estate, and non-for profits by leveraging internal and external resources and expertise.
Partner well with associates on revenue generating sales team, support teams and others.
Work closely with teammates to maintain a group email box, manage application pipeline, complete ad hoc administrative tasks, and participate in projects as needed.
Effectively and transparently share information and ideas with others.
Tailor the delivery of communication in a way that engages the audience and that is easy to understand and retain.
Unite others towards a common goal.
Ask for others' opinions and ideas and listen actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.
Own your own development and your career.
Actively assess self-feedback to enhance knowledge, skills and behaviors.
Leverage own strengths and those of team members to meet individual and team goals supporting both internal and external client needs.
Continuously develop self for current and future roles.
Consistently demonstrate Old National's culture and values in daily interactions.
Model our values – how we show up in the workplace.
Place the organization's goals before individual or team goals.
Demonstrate the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.
Identify, evaluate, and own problems and opportunities along with possible solutions through effective collaboration.
Collaborate and seek to identify what caused the issue, comparing data from different sources within Old National to draw conclusions.
Use effective approaches for choosing a course of action or developing appropriate solutions resulting in sound decisions.
Implement appropriate solutions and evaluate results within the team.