at Old National Bank in ChicagoChicago, Illinois, United States
Job Description
Special Assets Underwriter
Job Locations
US-IN-Indianapolis | US-IN-Evansville | US-IL-Chicago | US-IL-Hickory Hills | US-IL-Chicago | US-MN-Eden Prairie | US-WI-Milwaukee | US-WI-Madison | US-MO-Clayton | US-MI-Troy
Category/Function
Lending/Commercial/Consumer/Credit
Position Type
Regular Full-Time
Requisition ID
2024-14713
Workplace Type
On Site
Overview
Old National Bank has been serving clients and communities since 1834. With $48 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.
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 currently seeking a Special Assets Underwriter reporting to the Special Assets Director. Together, these individuals will serve the primary responsibility of underwriting, credit analysis and review, assignment of appropriate asset quality ratings in a fast-paced, high-volume environment, often with limited information, completing a detailed financial analysis to obtain a deeper understanding of the credit risk associated with the client. The Special Assets Underwriter will collaborate with Special Assets Officers and Special Assets Portfolio Manager to assure timely reporting on credits, including completion of analysis areas of Special Assets Reports (SAR), annual reviews, credit underwriting within the bank's approval system, Asset Quality Rating changes, and verifications and ad-hoc analysis as required for decisions regarding problem loans in the bank's portfolio. You will be responsible for support analysis in evaluating complex credits overseen by the Special Assets Portfolio Manager, in addition to direct analysis as needed.
Key Accountabilities
Provide Financial Analysis Support to SAR documents
Provide financial statement spread and bank template underwriting tables as well as ad hoc analysis to properly evaluate and demonstrate risk to reader.
Maintain a pipeline of work to assure reporting is completed in a timely manner to allow Special Assets Officers to complete the reports by established deadlines.
Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluation by Loan Review, OCC, and/or others may identify unacceptable underwriting or inaccurate asset quality ratings (AQR)
Produce a high quality and accurate analysis while also not sacrificing efficiency in a fast-paced, high-volume environment juggling multiple requests while adhering to client driven response timelines, etc.
Partner with Special Assets Officers and Senior Portfolio Manager
Provide credit expertise using a consultative approach; assist in structuring loan workouts applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to Special Assets Officers seeking win-win solutions.
Organize available information on borrower and obligor entities to assure a balanced and accurate presentation of risks and mitigants is presented within analysis and approvals.
Deliver exceptional internal customer service and adopt new processes and new tools, as available.
Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise.
Monitor Portfolio
Periodically review Asset Quality Ratings (AQRs) and recommend changes as needed to accurately reflect risk exposure of bank's portfolio. Perform ad-hoc analysis of AQR as requested by Special Assets Officers in the light of new information or concerns.
Work with assigned Special Assets Officers to monitor the credit portfolio to improve 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.
Underwrite and Decision Loans
Underwrite and decision renewals and modification requests focusing on appropriate due diligence, risk assessment and asset quality ratings (AQR)
Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluation by Loan Review, OCC, and/or others may identify unacceptable underwriting or inaccurate asset quality ratings (AQR)
Make prudent credit decisions balancing risk and growth; utilize assigned lending authority based on approval authority matrix to exercise granted authority... For full info follow application link.
EOE/Minorities/Females/Vet/Disability
