Commercial Underwriting Mgr

Old National Bank•Saint Paul, MN

1d•$108,200 - $218,900

About The Position

Old National Bank is hiring a Commercial Underwriting Manager to manage Commercial Underwriters and the credit process across one or more locations. The role ensures adherence to processes and procedures for sound underwriting of Commercial Banking transactions, underwrites and decisions complex credit requests, monitors compliance with loan servicing requirements and financial covenants, and oversees portfolio quality and Asset Quality Rating guidelines. The manager supports assigned lending teams, works with Relationship Managers and Treasury Management Partners, and balances prudent risk decisions with business growth and client needs.

Requirements

Bachelor’s degree in finance, accounting, or a related field, or equivalent experience.
Tenured Commercial Credit experience and supervisory or management experience.
Strong organizational and multitasking skills.
Leadership qualities, strong interpersonal and written and verbal communication skills, and willingness to train and mentor peers.
Ability to assess issues quickly, apply credit policy, develop options, and make independent, timely, accurate decisions on complex credit requests.
Ability to understand the impact of credit decisions and take appropriate action on risks associated with lending to diverse industries.
Knowledge of loan structuring, borrowing causes, lending regulations, and bank lending policies, guidelines, and standards, including when policy exceptions require mitigation.
Ability to communicate decisions clearly and quickly in a high-volume, fast-paced environment.
Active listening, issue identification, real-time problem solving, and ability to move work forward.
Ability to work collaboratively while also thinking independently and confidently and defending a position.

Nice To Haves

Master’s degree.

Responsibilities

Manage and guide a team of Commercial Underwriters, including workflow prioritization, training, mentoring, and review of decisions made within the team’s authority.
Ensure thorough analysis of borrower financial statements, tax returns, business plans, projections, third-party reports, repayment ability, and risk factors.
Ensure credit presentations are accurate, identify and mitigate risk, assign and justify appropriate Asset Quality Ratings, and comply with regulations and bank guidelines.
Manage quarterly portfolio reviews, Special Asset Reports, follow-up tasks, and the timely review of all relationships.
Accompany Commercial Relationship Managers on client and prospect calls.
Underwrite and decide renewals and new complex credit requests through independent due diligence, risk assessment, repayment analysis, and asset quality rating.
Meet underwriting quality, productivity, and turnaround-time expectations, and exercise assigned lending authority prudently and independently.
Develop and maintain knowledge of the Commercial Online System, covenant libraries, applicable business segments, and portfolio.
Maintain an Individual Development Plan with training goals, action plans, and long-term guidance.
Partner with Relationship Managers, Treasury Management Partners, revenue-generating teams, support teams, and Credit colleagues to structure loans, communicate risks and options, and provide consultative credit expertise.
Monitor portfolio quality, covenant violations, defaults, delinquencies, maturing notes, financial information, Borrowing Base Certificates, overlines, Treasury Management and ACH risk reports, and borrowing-base advances.
Prepare Special Assets Assessment and Action Summary and Upgrade Hurdles information as needed, and lead assigned industry analysis, industry reviews, and Asset Quality Rating projects.
Maintain a network of financial and legal professionals to support credit analysis.