VP/ 1st VP/ SVP Relationship Manager, O2 Sponsor Finance

Old Second National Bank • Chicago, IL

5h • $150,000 - $215,000 • Hybrid

About The Position

Old Second National Bank has been serving the Chicago area for over 150 years and has grown to 50 locations with over $6 billion in assets. Recently voted a Forbes Best-In-State Bank for Illinois, Old Second is experiencing growth and is looking for employees to join their team. The O2 Sponsor Finance Relationship Manager is responsible for generating new business relationships for O2 Sponsor Finance, meeting annual funding goals, and preparing, reviewing, and analyzing financial information for sponsor finance LBOs, recapitalizations, and refinance opportunities. This role involves working with PMs and Associates on financial modeling, risk rating, quality of earnings reports, and ensuring compliance with lending guidelines. The incumbent must perform at high levels of productivity, independently analyze complex credits, resolve problems, and train others on cash flow lending.

Requirements

• VP Level: Bachelor’s degree in Accounting, Finance, Business or related area of study and five or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience.
• 1stVP/SVP Levels: Bachelor’s degree in Accounting, Finance, Business or related area of study and seven or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience.
• Strong understanding of cash flow lending including analyzing debt service, leverage, and balance sheet.
• Understanding and analyzing borrower’s enterprise value.
• Proficient in Microsoft Office (Word/Excel/Outlook), PDF, Various Pricing Models, Pitchbook and GF Data.
• Learn Solifi/Stucky loan and collateral system.
• General banking (credit/debit) knowledge includes competency with bank treasury systems and products.
• Excellent communication skills (verbal/written)
• Demonstrated analytical and problem-solving skills.
• Time management and ability to work within a fast-paced environment.

Nice To Haves

• Related experience in credit/commercial banking
• Completion of formal bank credit training program
• Experience working within a change management environment.
• Sponsor Finance cash flow lending experience.

Responsibilities

• Calls on PE sponsors and others to drive pipeline and new business opportunities.
• Primary responsibility is to bring in quality new business relationships and attain or surpass funding and fee goals.
• Visiting and calling on their specific sponsor relationships is a crucial part of their responsibilities.
• Reviews models and analyzes financial information in collaboration with sponsor finance relationship managers (RM’s) and Associates and O2 Sponsor Finance loan and collateral operations. When necessary, is also able to work independently to complete most assignments.
• Provides leadership (and reviews) in underwriting and analyzing funded private equity firms, independent sponsors, wealthy family offices, and mezzanine providers.
• Efficiently and accurately analyzes and assigns loan ratings to existing and prospective credits.
• Reviews and analyzes and presents additional commentary during monthly O2 Sponsor Finance portfolio reviews and overall portfolio reporting.
• Reviews and analyzes base case and downside 5-year borrower projections.
• Reviews and works with Associates to ensure clearance of all monthly exception reports of all types.
• Serves as department resources regarding bank policies and external regulatory requirements as they pertain to lending.
• Proactively partners with O2 Sponsor Finance RM’s and Associates to go on joint prospect/customer calls to further develop their credit and sales skills and/or serves in a leadership role to help develop and educate less experienced PM’s and Associates.
• Partner with O2 Sponsor Finance PM’s and Associates to discuss and review complex credits and make financial and covenant recommendations as appropriate.
• Collaborates with PM’s and Associates on preparation of customer loan presentations.
• Provides oversite for preparation of summary pre-flight write-ups including preparation of O2 Sponsor Finance Quick Models and fully underwritten credit committee presentations.
• Participates in special projects as required including but not limited to monthly portfolio reporting, annual budgeting, overall summary PowerPoint on O2 Sponsor Finance, industry competitive information gathering, industry research, etc.

Benefits

• Base Pay: Dependent upon job level, base pay ranges from $150,000 - $215,000.
• Officer Bonus Incentives: Eligible to participate in the annual Sponsor Finance Incentive Pool Program.
• Total Compensation Potential (Base & Bonus): $250,000 - $365,000.
• The Wacker location offers access to the building's gym and golf simulator

What This Job Offers

• Job Type: Full-time
• Career Level: Senior