at Old National Bank in ChicagoChicago, Illinois, United States
Commercial Underwriter, Senior
US-IL-Chicago | US-WI-Milwaukee | US-WI-Madison | US-IL-Chicago | US-IL-Chicago | US-IL-McHenry | US-IL-Hickory Hills | US-IL-Plainfield | US-IL-Joliet
The Old National Bank has been serving clients and communities since 1834. With $48 billion in total assets, we are a growth oriented, 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.
Our team members are our greatest asset, and we continually invest in their growth and development. We offer 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 are seeking a Senior Commercial Underwriter for our Commercial & Industrial segment with revenue size of $75-$500MM and exposure of $10-30MM, both privately and publically 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 offer a wide range of possible office locations including Milwaukee, Madison and throughout the Chicago land area.
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.
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.
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