Commercial Underwriter - ABL

Old National Bank•Nashville, TN

6d•$83,300 - $177,870•Onsite

About The Position

Old National Bank is hiring Commercial Underwriters for Asset-Based Lending (ABL). The role underwrites and monitors lending opportunities, balancing risk and growth while ensuring loan structures align with bank lending standards. The underwriter conducts detailed financial and collateral analysis, assigns asset quality ratings, and provides credit expertise to Relationship Managers and internal support staff in a fast-paced, high-volume environment. The position underwrites complex ABL transactions and credit requests, evaluates due diligence and risks, supports new business efforts, and collaborates with Relationship Managers, Portfolio Managers, Treasury Management Partners, third-party due diligence providers, and Credit Officers. It also supports portfolio monitoring, including review of financial information, trends, delinquencies, covenant defaults, maturing notes, and Borrowing Base Certificate reports. This is an in-office role at one of the listed offices: Chicago, St. Louis Park, Indianapolis, Nashville, or Grand Rapids.

Requirements

At least 5–7 years of progressive Asset Based Finance experience within a commercial bank or finance company.
Excellent analytical skills and ability to independently, with limited oversight, understand, analyze, and interpret historical and projected financial statements.
Ability to identify and mitigate lending risks across diverse businesses, industries, and collateral types.
Ability to comply with and conform to bank lending policies, guidelines, and standards.
Ability to make sound independent decisions and communicate them clearly and effectively to internal and external clients in a timely manner.
Ability to actively listen, identify issues and opportunities, and problem-solve in real time.
Ability to work collaboratively while also thinking independently.
Proficiency in financial projection modeling and Excel.
Bachelor’s degree in finance, accounting, or equivalent experience.

Nice To Haves

Field Exam experience.

Responsibilities

Underwrite complex ABL transactions based on size, structure, borrower organization, or collateral.
Assess collateral types and related risks in monitoring and disposition.
Analyze credit requests, including historical and projected financials, collateral performance and expected recoveries, management, industry conditions, competition, risk strengths and weaknesses, and asset quality ratings.
Meet underwriting quality standards established by bank guidelines and policy, and by Loan Review, OCC, and credit approvers.
Meet or exceed productivity expectations for annual credit approval memorandum volume.
Produce accurate, high-quality analysis efficiently while managing multiple requests and client response timelines.
Partner with Relationship Managers and Treasury Management Partners.
Support new business efforts by collaborating with Relationship Managers, Portfolio Managers, third-party due diligence providers, and Credit Officers.
Provide consultative credit expertise and assist with loan structuring in accordance with bank guidelines, standards, policies, risk assessment, and analysis.
Communicate risks, questions, and options to Relationship Managers and seek mutually beneficial solutions.
Provide internal customer service and adopt new processes and tools as available.
Develop knowledge of assigned segments and portfolios using internal and external resources.
Assign asset quality ratings consistent with policy definitions.
Work with Portfolio Managers to monitor portfolio quality, including trend reports, defaults, delinquencies, maturing notes, financial information, covenant defaults, Borrowing Base Certificate reports, and other appropriate reports.