Commercial Underwriter, Sr

Old National Bank has been serving clients and communities since 1834. With over $50 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.

We are seeking a Senior Commercial Underwriter for our Commercial & Industrial segment with revenue size of $75-$500MM, both privately and publicly owned clients. Additionally, you will review and approve work done by others; act as a mentor and assist in the development of commercial credit analysts and underwriters. You will be responsible for underwriting, large, complex lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign asset quality rating, and decision applications with lending authority in a fast-paced, high-volume environment. You will collaborate with Relationship Managers, internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.

We are an in office envirornment and offer a wide range of possible office locations including Evansville, Louisville, Nashville, Minneapolis, Indianapolis, Milwaukee, Madison and throughout the Chicago land area.

Salary Range

The salary range for this position is $127,900 - $258,600 per year. Final salary will be determined based on factors such as location, experience, skills and qualifications.

Key Accountabilities

Underwrite and Decision Loans

Independence in the analysis when underwriting complex transactions, thorough knowledge of accounting and legal principles relating to commercial lending.
• Demonstrated ability to decision large and complex credits, offer structure guidance using financial and legal expertise.
• Develop or review detailed cash flow payment analysis to evaluate adherence to Loan Standards and decide.
• Produce a high quality and accurate analysis in a fast-paced, high-volume environment, prioritizing multiple requests while adhering to response timelines, etc.
• Lead special projects to help transform the bank as we continue our growth strategy. Projects include the selection of new systems and tools to improve productivity.
• Contribute to the development and improvement of Underwriting guidelines and presentations on a periodic basis.
• Self-development towards achievement of Credit Risk Certified (CRC) with Risk Management Association (RMA) or other advanced level certifications and other internal training classes/programs.
• Meet quality standards as outlined in underwriting guidelines and policy; evaluation by Loan Review, OCC, to ensure acceptable underwriting or accurate asset quality ratings (AQR).

Partner with respective Relationship Managers as well as Treasury Management Partners

• Navigate and influence credit discussions with RMs by providing expertise and insight for structure.
• Propose options and alternatives based on an exceptional understanding of our credit appetite, repayment risk, client's request, and competitive landscape.
• Demonstrates ability to engage customers and ask performance related questions without guidance from Relationship Managers.
• When exceptions are proposed, appropriately mitigate them and document the rationale with supporting facts and analytics.
• Deliver exceptional internal customer service and adopt new processes and new tools, as available.
• Ensure a collaborative, team, and empowered environment.

Monitor Portfolio

• Serve as a lead on industry analysis including industry reviews, AQR projects and others as assigned.
• Support and articulate AQR assignments, including profitability and impact.
• Work with assigned Relationship Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default and Borrowing Base Certificate (BBC) reports and other reports as appropriate.
• Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles.

Qualifications and Education Requirements

• Proven ability to quickly assess issues, apply credit policy, offer options and alternatives, come to an accurate and timely decision, and understand impact of decisions.
• Viewed as a resource and mentor by other Underwriters and RMs due to communication, leadership skills, and knowledge of systems (CML, loan standards, approval authorities) through extensive banking and credit experience.
• Desire to achieve the RMA CRC designation or other advanced level certifications.
• Expert skills with loan structuring, borrowing causes and lending regulations; to comply and conform to lending policies, guidelines, and standards.
• Must be able to actively listen, quickly identify issues as well as opportunities when they arise, and solve problems in real-time to move the work accordingly.
• 7 -10+ years of Commercial Credit experience required at a regional or global bank.
• Completed formal commercial credit training preferred.
• Bachelor's degree in finance, accounting or related field OR equivalent experience.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are the Old National Bank. Join our team!