Business Banking Commercial Underwriter

Company: Old National Bank
Location: Chicago
Posted on: October 19, 2024

Job Description:

Business Banking Commercial Underwriter



Job Locations

US-IN-Evansville - US-IL-Chicago - US-MN-Eden Prairie






Category/Function

Lending/Commercial/Consumer/Credit



Position Type

Regular Full-Time



Requisition ID

2024-15333



Workplace Type

On Site






































Overview









Old National Bank has been serving clients and communities since 1834. With $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. 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 have the opportunity to hire someone at the following levels: Commercial Underwriter I, II, or III. The roles are in-office 5 days a week at any of the following locations: Eden Prairie MN, 8750 W. Bryn Mawr (near Rosemont) in Chicago, 900 E. 96th Street Indianapolis, and 600 N. Royal, Evansville IN. The Business Banking Credit Center Underwriter will analyze and decision loans with Total Credit Exposure between $0 and $3 million while balancing risk and growth. You will ensure loan structures are appropriate and consistent with bank lending standards, assign an appropriate asset quality rating, complete an appropriate level of underwriting for the risk and size of the loan opportunity, and decision applications with assigned lending authority in a fast-paced high volume environment. A Credit Center Underwriter will collaborate with Business Bankers and Commercial Segment Relationship Managers, internal support staff, and others to provide credit expertise and support the commercial loan origination and review process. Key AccountabilitiesUnderwrite and Decision Loans

• Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, 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)
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume
• Make prudent credit decisions balancing risk and growth; utilize assigned lending authority based on approval authority matrix to exercise granted authority confidently, independently via problem solving/sound decision making and with integrity
• 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. Work Collaboratively with Business Bankers, Relationship Managers, internal support staff and teammates
  • Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win-win solutions. Deliver exceptional internal customer service and adopt new processes and new tools, as available.
  • Develop and enhance knowledge of common types of requests including C&I, small non-owner occupied commercial real estate, and non-for profits by leveraging internal and external resources and expertisePartner well with associates on revenue generating sales team, support teams and others.Work closely with teammates manage application pipeline, complete ad hoc administrative tasks, and participate in projects as needed. Compelling Communication - Openly and effectively communicates with others.
    Effectively and transparently shares information and ideas with others. Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain. Unites others towards common goal. Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction. Develop your talent - Strengthen your abilities for today and beyond. You own your own development and your career. Actively assesses self feedback to enhance knowledge, skills and behaviors. Leverages own strengths and those of team members to meet individual and team goals supporting both internal and external client needs. Continuously develops self for current and future roles. Tier III

    • Independence in the analysis when underwriting complex transactions, thorough knowledge of accounting and legal principles relating to commercial lending.
    • Review and approve work done by others; act as a mentor and assist in the development of commercial credit analysts and underwriters.Demonstrates ability to engage customers and ask performance related questions without guidance from Relationship ManagersWhen exceptions are proposed, appropriately mitigate them and document the rationale with supporting facts and analytics.Personifies ONB Culture - Demonstrates pride in ONB.
      Consistently demonstrates Old National's culture and values in daily interactions. Models our values - how we show up in the workplace. Places the organization's goals before individual or team goals. Demonstrates the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.Qualifications and Education Requirements

      • Commercial Credit experience required with expertise appropriate for the job level. Ability to independently/with limited oversight analyze and interpret financial statements and understand basic accounting principles.Self starter who understands and takes appropriate action related to risks associated with lending to various types of industries.Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines and standards Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal client quickly given the high volume, fast-paced environmentMust 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 accordinglyMust feel comfortable working in a collaborative team environment along with being an independent thinker.
      • Bachelor's degree in finance, accounting or related field OR equivalent experience.This position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to: previous experience, depth and breadth of previous or current institution size - the same role for many years or a variety of roles in the same space over a number of years, skills, knowledge, previous performance and success factors, education/certification. We continually seek highly motivated and talented individuals. Our people are critical to our Company's strategy and success. In return we offer competitive compensation with our salary, bonus program, exceptional BC/BS medical, Delta dental all effective day 1, Headspace mental health support and vision insurance, 401k Company "match" dollar for dollar (100%) of the first 5% contributed into the Plan which is 100% vested right away, continuing education support and a unique opportunity with a growing, client-focused and collegial company. 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, 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 Old National Bank. Join our team!
        
        
        
        
        
        
        
        
        
        
        
        
        
        
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Keywords: Old National Bank, Carol Stream , Business Banking Commercial Underwriter, Accounting, Auditing , Chicago, Illinois