Commercial Underwriter - ABL

Responsibilities

• Underwrite complex ABL transactions due to size, structure, borrower organization or collateral.
• Deep understanding of collateral types and attendant risks in monitoring and disposition.
• Underwrite credit requests focusing on appropriate due diligence including historical financials and projections, collateral performance and expected recoveries, management assessment, industry drivers and competition, risk assessment including strengths and weaknesses and assigning asset quality ratings (AQR).
• Meet quality standards as outlined in ONB underwriting guidelines and policy, evaluation by Loan Review, OCC, and credit approvers.
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
• 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.
• Partner with respective Relationship Managers as well as Treasury Management Partners Support and promote new business efforts through interaction with Relationship Managers, Portfolio Managers, third party due diligence providers, and Credit Officers to ensure a collaborative team and empowered environment.
• 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 assigned segmentation and portfolio by leveraging internal and external resources and expertise.
• Maintain strong asset quality by accurately assigning asset quality ratings (AQR) consistent with Policy definitions and work as needed with assigned Portfolio Managers to monitor the credit portfolio.

Requirements

• Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.
• Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements.
• Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral.
• Able to comply and conform to ONB lending policies, guidelines, and standards.
• Able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly.
• Able to actively listen and quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly.
• Able to feel comfortable working in a collaborative team environment along with being an independent thinker.
• Proficient with financial projection modelling and Excel.
• Bachelor’s degree in finance, accounting, or equivalent experience.
• Field Exam experience a plus.

Qualifications

• Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.
• Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements.
• Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral.
• Able to comply and conform to ONB lending policies, guidelines, and standards.
• Able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly.
• Able to actively listen and quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly.
• Able to feel comfortable working in a collaborative team environment along with being an independent thinker.
• Proficient with financial projection modelling and Excel.
• Bachelor’s degree in finance, accounting, or equivalent experience.
• Field Exam experience a plus.