Commercial Underwriter - Leverage Finance

Old National Bank•Chicago, IL

4d•Onsite

About The Position

Old National Bank is seeking a Commercial Underwriter for its Sponsor Finance and Mid-Corporate Leverage Finance teams. This role involves extensive financial analysis, projection modeling, and underwriting lending opportunities. The primary goal is to balance risk and growth, ensuring loan structures are appropriate and align with bank lending standards. The underwriter will assign asset quality ratings, conduct detailed financial analyses to understand credit risk, and collaborate with Relationship Managers and internal support staff. This is an in-office position located at 8750 W. Bryn Mawr, Chicago.

Requirements

5-7 years of progressive experience within Commercial Credit is required.
Knowledge of Enterprise Value lending is required.
5-7 years within Sponsor Leverage Finance or Mid Corp Leverage Finance.
Understanding of 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 them clearly and effectively.
Exceptional verbal and written communication skills.
Must be able to actively listen, quickly identify issues and opportunities, and problem-solve in real-time.
Must feel comfortable working in a collaborative team environment and be an independent thinker.
Bachelor’s degree in finance, accounting or equivalent experience required.

Nice To Haves

MBA preferred.

Responsibilities

Underwrite renewals and new credit requests, focusing on due diligence, risk assessment, and asset quality ratings (AQR).
Meet quality standards 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, producing high-quality and accurate analysis efficiently in a fast-paced environment.
Partner with Relationship Managers and Treasury Management Partners to provide credit expertise, assist in structuring loans, and apply ONB guidelines/standards/policies.
Effectively communicate risks, questions, and options to RMs, seeking win-win solutions.
Deliver exceptional internal customer service and adopt new processes and tools.
Develop and enhance knowledge of assigned segmentation and portfolio.
Partner with associates on the revenue-generating sales team, support teams, and others in Credit to ensure a collaborative environment.
Accurately assign asset quality ratings (AQR).
Work with assigned Relationship Managers to monitor the credit portfolio, maintaining strong asset quality by reviewing trend analysis reports, addressing default situations, delinquencies, maturing notes, financial information, covenant defaults, and Borrowing Base Certificate (BBC) reports.
Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles as necessary.
Prepare quarterly Special Asset Reports on adversely risk-rated credits, including upgrade/downgrade triggers and detailed Action Plans.
Monitor overlines and Treasury Management/ACH risk reports or other trends as appropriate.