Commercial Underwriter Job Locations US-IL-Hickory Hills | US-IL-Chicago | US-MN-St Paul | US-IN-Evansville | US-IN-Indianapolis | US-IL-Chicago | US-IL-Chicago Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition ID 2023-13573 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 growing and have several new positions for the following levels: Commercial Underwriter I, II, or III. The roles are in-office at any of the following locations: St Paul and Eden Prairie MN, Lincoln Park on Halsted, 180 N. LaSalle, 8750 W. Bryn Mawr (near Rosemont), Chicago, Hickory Hills IL, 900 E. 96th Street Indianapolis, and 600 N. Royal, Evansville IN. The Underwriter is responsible for decisioning lending opportunities supported by thorough analysis that balances risk and growth, ensuring loan structures are appropriate and consistent with bank lending standards and assigning an appropriate asset quality rating. This work is completed in a fast-paced, high-volume environment and requires the completion of detailed financial analysis to obtain a deeper understanding of an applicant's credit risk. An Underwriter will collaborate with Relationship Managers, internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio. Key Accountabilities Underwrite and Decision Loans Decision renewals and new credit requests after performing appropriate due diligence, risk assessment, analysis of repayment ability and asset quality ratings (AQR) Meet quality standards and complete required underwriting guidelines as outlined in ONB loan standards (policies, guidelines, and procedures); third-party evaluation by Loan Review, OCC, as well as ONB Senior Management and/or others will be the focal point on analysis in determining level of underwriting and accuracy of Asset Quality Ratings (AQR) Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume including appropriate turnaround times. 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. . 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 Managers When exceptions are proposed, appropriately mitigate them and document the rationale with supporting facts and analytics. Monitor Portfolio Accurately assign asset quality ratings (AQR) with each underwriting Work with assigned Relationship Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address covenant violation and default situations, delinquencies, review maturing notes, receipt of financial information, and Borrowing Base Certificate (BBC) reports and other reports as appropriate. Key Competencies; Cultural Leadership, Execution Leadership, and Client Leadership Qualific tions and Education Requirements Bachelor's degree in finance, accounting or related field OR equivalent experience Demonstrated ability to independently (with limited oversight) understand, analyze and interpret financial statements. 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 decisions and communicate those decisions 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 thinker. Commercial Credit experience required with expertise appropriate for the level. Must be able to confidently communicate thoughts, stance or risk on deals that may differ from the RM or sales side. Key Measures of Success/Key Deliverables Meet or exceed Credit Approval Memorandum (CAM) production expectations. Ensure acceptable quality and accuracy of work as assessed by loan review, OCC, and/or management. Maintain strong asset quality demonstrating sound underwriting, credit decisioning and credit monitoring. Contribute to the bank's financial success by achieving targets for credit quality and supporting the bank's growth goals. We continually seek highly motivated and talented individuals. Our people are critical to the Bank's strategy and success. In return we offer competitive compensation with our salary, structured bonus program, exceptional medical, dental, vision insurance, 5% company contribution on 401K, continuing education 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! Need help finding the right job? We can recommend jobs specifically for you! Click here to get started. If you're qualified for a position but need additional help with the application because of a disability, please email [email protected] (This email will respond to accommodation requests only.) EOE/Minorities/Females/Vet/Disability