Commercial Underwriter - Leverage Finance

Old National Bank•Chicago, IL

5d•$83,300 - $168,400•Onsite

About The Position

Old National Bank, a regional powerhouse with over $70 billion in assets since 1834, is seeking a motivated Commercial Underwriter for its Sponsor Finance and Mid-Corporate Leverage Finance teams. The bank is committed to helping clients achieve their goals and investing in its communities. 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, community and client-focused company rooted in strong core values.

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 Sponsor Leverage Finance or Mid Corp Leverage Finance.
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

MBA preferred.

Responsibilities

Extensive financial analysis and projection modeling.
Underwriting lending opportunities, balancing risk and growth.
Ensuring loan structures are appropriate and consistent with bank lending standards.
Assigning appropriate asset quality ratings.
Completing detailed financial analysis to understand credit risk.
Collaborating with Relationship Managers and internal support staff to provide credit expertise.
Underwriting and monitoring an assigned portfolio of accounts.
Reporting on portfolio status quarterly.
Underwriting renewals and new credit requests focusing on due diligence, risk assessment, and asset quality ratings.
Meeting quality standards outlined in underwriting guidelines and policy.
Meeting or exceeding productivity expectations for annual credit approval memorandum (CAM) volume.
Making prudent credit decisions balancing risk and growth.
Producing high-quality and accurate analysis efficiently in a fast-paced environment.
Partnering with Relationship Managers and Treasury Management Partners.
Providing credit expertise and structuring loans.
Effectively communicating risks, questions, and options to RMs.
Delivering exceptional internal customer service and adopting new processes/tools.
Developing and enhancing knowledge of assigned segmentation and portfolio.
Partnering with sales teams, support teams, and Credit associates.
Accurately assigning asset quality ratings (AQR).
Working with Relationship Managers to monitor the credit portfolio and maintain strong asset quality.
Reviewing trend analysis reports, addressing default situations, delinquencies, maturing notes, covenant defaults, and Borrowing Base Certificate (BBC) reports.
Preparing credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles.
Preparing quarterly Special Asset Reports on adversely risk-rated credits.
Monitoring overlines and Treasury Management/ACH risk reports or other trends as appropriate.