CRE Underwriter

Old National Bank•Madison, WI

1d•$83,300 - $168,400

About The Position

Old National Bank is hiring a CRE Underwriter to analyze and decision loans with total credit exposure between $0 and $3 million while balancing risk and growth. The role ensures loan structures align with bank lending standards, assigns appropriate asset quality ratings, completes underwriting appropriate to the risk and size of each opportunity, and decisions applications within assigned lending authority in a fast-paced, high-volume environment. The underwriter collaborates with Business Bankers, Commercial Segment Relationship Managers, internal support staff, and other colleagues to provide credit expertise and support commercial loan origination and review. The role underwrites new credit requests and renewals, evaluates risk and due diligence, produces accurate credit approval memoranda, and meets applicable quality and productivity standards. It also provides consultative credit support, communicates risks and options, contributes to internal customer service, adopts new processes and tools, and helps manage the application pipeline and shared team responsibilities. The posting also describes additional responsibilities for Senior Credit Center Underwriters and Underwriting Managers. Senior underwriters may review escalated applications, help resolve conflicts, train less experienced underwriters, and take on special projects and broader department responsibilities. Underwriting Managers may perform similar duties, fill in for the department manager, lead direct reports, coach and develop staff, and help resolve disagreements between credit and production teams. Managers may have reduced CAM production targets and may travel to meet direct reports in person.

Requirements

Bachelor’s degree in finance, accounting, or a related field, or equivalent experience.
Ability to independently or with limited oversight analyze and interpret financial statements and understand basic accounting principles.
Understanding of risks associated with lending to various types of industries and ability to take appropriate action.
Basic knowledge of loan structuring, borrowing causes, and lending regulations.
Ability to comply with and conform to Old National Bank lending policies, guidelines, and standards.
Ability to make sound independent decisions and communicate them clearly and quickly in a high-volume, fast-paced environment.
Ability to actively listen, identify issues and opportunities, and problem-solve in real time.
Comfort working collaboratively while also thinking independently.

Responsibilities

Underwrite and decision new credit requests and renewals, assessing due diligence, risk, and appropriate asset quality ratings.
Ensure underwriting meets Old National Bank guidelines and policy, including quality and accuracy standards.
Meet or exceed productivity expectations for annual credit approval memorandum volume.
Make prudent credit decisions within assigned lending authority, balancing risk and growth.
Produce timely, accurate analyses while managing multiple requests in a fast-paced, high-volume environment.
Collaborate with Business Bankers, Relationship Managers, internal support staff, teammates, and other partners throughout the loan origination and review process.
Provide consultative credit expertise and assist with loan structuring in accordance with bank standards and policies.
Communicate risks, questions, and options effectively and work toward solutions that meet client and bank needs.
Deliver strong internal customer service and adopt new processes and tools as they become available.
Develop knowledge of common requests, including C&I, small non-owner-occupied commercial real estate, and nonprofit loans.
Help maintain a group email inbox, manage the application pipeline, complete administrative tasks, and participate in projects as needed.
For senior-level roles: review and decision escalated applications when applicable, assist with conflict resolution, train less experienced underwriters, and contribute to special or department-wide projects.
For underwriting managers: fill in for the department manager, manage direct reports, coach and develop team members, resolve disagreements collaboratively, and potentially travel to meet direct reports.