Commercial Underwriter/Specialty Finance

Old National Bank•Chicago, IL

2d•Onsite

About The Position

Old National Bank, a regional powerhouse with over $70 billion in total assets, is seeking a motivated Commercial Underwriter for its Specialty Credit Group. Founded in 1834, the bank is deeply rooted in its communities and committed to helping clients achieve their goals. 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

5-7 years of progressive experience within Commercial Credit is required with each incremental level of responsibility.
Knowledge of lease warehouse lending is required.
Understands and takes appropriate action related to risks associated with lending to various types of industries.
Thorough understanding of risk management and credit mitigants.
Skilled with loan structuring and loan documentation, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines and standards.
Experience in reviewing complex financial statements and loan documentation.
Strong analytical and financial modeling abilities.
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.
Exceptional verbal and written communication skills.
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.

Nice To Haves

Knowledge of ESOP lending and Enterprise Value lending preferred.
MBA preferred.

Responsibilities

Extensive financial analysis and projection modeling for leasing, ESOP, and Sponsor Finance portfolios.
Underwriting lending opportunities, balancing risk and growth, and ensuring appropriate loan structures consistent with bank lending standards.
Assigning appropriate asset quality ratings and completing detailed financial analyses to understand credit risk.
Collaborating with Relationship Managers and internal support staff to provide credit expertise for underwriting and monitoring assigned portfolios.
Underwriting renewals and new credit requests, focusing on due diligence, repayment ability, risk assessment, and asset quality ratings.
Meeting quality standards and underwriting guidelines, and audited by third parties.
Meeting or exceeding productivity expectations for annual credit approval memorandum (CAM) volume.
Making prudent credit recommendations balancing risk and growth.
Producing high-quality, accurate analysis efficiently in a fast-paced environment while juggling multiple requests and adhering to client timelines.
Partnering with Relationship Managers and Treasury Management Partners to provide credit expertise, structure loans, and apply ONB guidelines/policies.
Effectively communicating risks, questions, and options to RMs to seek win-win solutions.
Delivering exceptional internal customer service and adopting new processes and tools.
Developing and enhancing knowledge of assigned segmentation and portfolio.
Partnering with sales teams, support teams, and others in Credit to ensure a collaborative environment.
Accurately assigning asset quality ratings (AQR).
Working with Relationship Managers to monitor the credit portfolio, review trend analysis, address defaults and delinquencies, review maturing notes, and analyze various reports.
Preparing quarterly Special Asset Reports on adversely risk-rated credits, including upgrade/downgrade triggers and Action Plans.
Preparing quarterly portfolio review reports.
Monitoring overlines and Treasury Management/ACH risk reports or other trends as appropriate.