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Commercial Underwriter

1 month ago


Chicago, Illinois, United States Old National Bank Full time
Business Banking Commercial Underwriter

Job Summary

We are seeking a highly skilled Commercial Underwriter to join our Business Banking team. As a Commercial Underwriter, you will be responsible for analyzing and evaluating loan applications, ensuring that they meet our bank's lending standards and guidelines. You will work closely with our Business Bankers and Relationship Managers to provide credit expertise and support the commercial loan origination and review process.

Key Responsibilities

• Analyze and evaluate loan applications to determine creditworthiness and risk

• Ensure that loan structures are appropriate and consistent with bank lending standards

• Assign an appropriate asset quality rating and complete an appropriate level of underwriting for the risk and size of the loan opportunity

• Make prudent credit decisions balancing risk and growth, utilizing assigned lending authority based on approval authority matrix

• Provide credit expertise using a consultative approach, assisting in structuring loans and applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis

• 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 expertise

• Partner well with associates on revenue generating sales team, support teams, and others

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 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

• Bachelor's degree in finance, accounting, or related field OR equivalent experience

Old National Bank is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to fostering an inclusive workplace and promoting diversity, equity, and inclusion in all aspects of our business.