CRE Portfolio Monitoring Underwriter, small to mid-level loans

Old National Bank • Indianapolis, IN

10d • Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. We are a relationship-focused financial institution providing a full range of commercial, treasury management, capital markets, equipment leasing, wealth management, trust and private banking products and services. This role is responsible for performing financial analysis and underwriting for small to mid-level Commercial Real Estate loan transactions averaging $3-5MM, and higher ($10+MM). The primary responsibility is managing the loan portfolio through annual credit reviews, required covenant testing, and borrowing base testing when applicable. The Underwriter will assign appropriate asset quality ratings in a fast-paced, high-volume environment by completing a detailed financial analysis to obtain a deeper understanding of a borrower’s credit risk. Collaboration with Relationship Managers and internal support staff to provide credit expertise and monitor the portfolio is expected. The position requires providing clear, concise, and accurate financial analysis and risk assessment for new and existing clients, and effectively interacting and building collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.

Requirements

• 2-5 years of experience in commercial real estate appraisal or credit analysis with demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans.
• Skilled with MS Office and proficient with financial spreading software.
• Strong analytical, organizational skills along with the ability to prioritize multiple projects.
• Pleasant interpersonal skills and effective communication skills, both written and verbal.
• Occasional travel to other offices or client locations.
• Ability to clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the Manager as appropriate.
• Bachelor’s degree in business with a major in finance or accounting.

Responsibilities

• Perform financial analysis and underwriting for small to mid-level Commercial Real Estate loan transactions averaging $3-5MM, and higher ($10+MM).
• Manage the loan portfolio through annual credit reviews, required covenant testing, and borrowing base testing when applicable.
• Assign appropriate asset quality ratings in a fast-paced, high-volume environment by completing a detailed financial analysis to obtain a deeper understanding of a borrower’s credit risk.
• Collaborate with Relationship Managers and internal support staff to provide credit expertise and monitor the portfolio.
• Provide clear, concise, and accurate financial analysis and risk assessment for new and existing clients.
• Effectively interact and build collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.
• Conduct in-depth review of rent rolls, leases, income statements, CoStar, appraisal reports, environmental reports, guarantor financials, and other financial information to determine, independently, that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.
• Independently prepare well-written approval presentations, including what is being requested, why it is being requested, analysis of the property’s market and location, the background and history of the sponsor, and key risks and mitigating factors. Such presentations should also justify assigned risk rating and show that the Bank policies, procedures, and regulations are met.
• Actively seek, develop, and maintain trusted relationships with others to achieve business goals and objectives.
• Maintain controls to ensure compliance with consumer protection regulations in a defined area of responsibility.
• Review third-party reports such as real estate appraisals, CoStar market reports, property condition reports, environmental reports, and/or property inspections.
• Interact with clients when necessary to ensure receipt of financial information necessary to support the underwriting process of Commercial loans.

Benefits

• Competitive compensation with our salary and incentive program
• Medical, dental, and vision insurance
• 401K
• Continuing education opportunities
• Employee assistance program
• Variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees