Senior Mid Corp Underwriting Director

Old National Bank•Chicago, IL

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. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a 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. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. This position is responsible for the management of Corporate and Mid-Corporate Leveraged Finance Commercial Underwriters and the credit process in one or more locations ensuring that the processes and procedures are adhered to for sound financial underwriting of Commercial Banking transactions. This position includes underwriting complex credit requests and monitoring compliance with approved commercial loan servicing requirements and financial covenants. The Underwriting Manager also monitors portfolio quality and ensures proper Asset Quality Rating guidelines are adhered to.

Requirements

15+ years of progressive experience with Commercial Credit including at least 10+ years of experience in the large Corporate, Mid-Corporate and/or Sponsor Finance segments.
15+ years of managerial experience
Bachelor’s degree in finance, accounting or related field OR equivalent experience
Thorough knowledge of Enterprise Value lending is required
Strong organizational and multi-tasking skills
Demonstrates leadership qualities and strong interpersonal and communication skills, both written and verbal with a willingness to train/mentor peers
Proven ability to quicky assess issues, apply credit policy, offer options and alternatives, come to an independent, timely and accurate decision on complex credit requests and understand the impact of decisions
Understand and takes appropriate action related to risks associated with lending to diverse types of industries
Knowledge of loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines, and standards with full understanding on when to approve policy exceptions with appropriate mitigation
Must be able to make sound independent recommendations and communicate those recommendations clearly and effectively to the internal/external client quickly given the high volume, fast-paced environment
Must be able to actively listen, quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly
Must feel comfortable working in a collaborative team environment along with being an independent and confident thinker with an ability and willingness to defend their position

Nice To Haves

Master’s degree preferred

Responsibilities

Manage a team of Underwriters Supporting Various Lines of Business and Teams
Underwrite Corporate, Mid-Corporate and Specialty Loans
Partner with respective Corporate and Mid-Corporate Relationship Managers as well as Treasury Management Partners
Monitor Corporate and Mid-Corporate Portfolios
Serve as a lead on industry analysis (by segmentation) including industry reviews, AQR projects and others as assigned