Commercial Underwriter - ABL

About the role

Old National Bank, with over $70 billion in total assets, is a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping clients achieve their goals and dreams, and we are committed to social responsibility through volunteering and charitable giving. We seek highly motivated and talented individuals to join our growing team as Commercial Underwriters for Asset-Based Lending (ABL).

Responsibilities

• Underwrite complex ABL transactions due to size, structure, borrower organization, or collateral, demonstrating a deep understanding of collateral types and attendant risks in monitoring and disposition.
• Perform detailed financial analysis to assess credit and collateral risk, including historical financials, projections, collateral performance, management assessment, industry drivers, and competition.
• Assign appropriate asset quality ratings (AQR) and ensure loan structures align with bank lending standards and policies.
• Meet quality standards as evaluated by Loan Review, OCC, and credit approvers, while maintaining productivity expectations for annual credit approval memorandum (CAM) volume.
• Produce high-quality, accurate analysis efficiently in a fast-paced, high-volume environment, juggling multiple requests while adhering to client-driven response timelines.
• Collaborate with Relationship Managers, Portfolio Managers, Treasury Management Partners, third-party due diligence providers, and Credit Officers to support new business efforts and foster a team-oriented environment.
• Provide credit expertise using a consultative approach, assisting in structuring loans and effectively communicating risks, questions, and options to Relationship Managers.
• Monitor the credit portfolio to maintain strong asset quality, including reviewing trend analysis reports, addressing defaults, delinquencies, maturing notes, financial information, covenant defaults, and Borrowing Base Certificate (BBC) reports.
• Deliver exceptional internal customer service, adopt new processes and tools, and continuously develop knowledge of assigned segmentation and portfolio.

Requirements

• Minimum of 5-7 years of progressive Asset-Based Finance experience within a commercial bank or finance company.
• Excellent analytical skills to independently analyze and interpret historical and projected financial statements with limited oversight.
• Ability to identify and mitigate risks associated with lending to diverse businesses, industries, and collateral types.
• Sound decision-making skills to comply with ONB lending policies, guidelines, and standards, and communicate decisions clearly and effectively.
• Ability to actively listen, identify issues and opportunities, and problem-solve in real-time.
• Comfort working in a collaborative team environment while also being an independent thinker.
• Proficiency in financial projection modeling and Excel.
• Bachelor’s degree in finance, accounting, or equivalent experience.
• Field Exam experience is a plus.

Skills

• Cultural Leadership: Effective communication, collaboration, drive for execution, problem-solving, adaptability, and technical knowledge in credit and banking.
• Client Leadership: Ability to build trusted advisor relationships, understand client needs, and deliver value by viewing operations through the client’s perspective.

Benefits

• Competitive salary and incentive program.
• Medical, dental, and vision insurance.
• 401K retirement plan.
• Continuing education opportunities.
• Employee assistance program.
• Impact Network Groups led by team members to drive engagement, awareness of diverse backgrounds, and inclusion.

Pay

The salary range for this position is $83,300/yr. - $177,870/yr. Actual salary offers may vary based on responsibilities, skills, experience, education, and geographic location.

Schedule

This is an in-office role with locations in Chicago, IL (near Rosemont and the Cumberland Blue line station); St. Louis Park, MN; Indianapolis, IN; Nashville, TN (Gulch); and Grand Rapids, MI.