Commercial Underwriter - ABL

Responsibilities

• Underwrite loans, particularly complex ABL transactions.
• Perform detailed financial analysis to assess credit and collateral risks.
• Collaborate with Relationship Managers and internal support staff to provide credit expertise.
• Meet quality standards as outlined in Old National Bank's underwriting guidelines and policies.
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
• Produce high-quality and accurate analyses while maintaining efficiency in a fast-paced, high-volume environment.
• Partner with Relationship Managers and Treasury Management Partners to support new business efforts.
• Provide credit expertise using a consultative approach, assisting in loan structuring and communicating risks and options.
• Deliver exceptional internal customer service and adopt new processes and tools.
• Develop and enhance knowledge of assigned segments and portfolios by leveraging internal and external resources and expertise.
• Maintain strong asset quality by accurately assigning asset quality ratings (AQR) and addressing default situations, delinquencies, and maturing notes.

Requirements

• At least 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.
• Ability to identify and mitigate risks associated with lending to diverse types of businesses, industries, and collateral.
• Compliance with and adherence to Old National Bank's lending policies, guidelines, and standards.
• Comfortable making sound independent decisions and communicating them clearly and effectively.
• Ability to actively listen and quickly identify issues and opportunities, and problem-solve in real-time.
• Comfortable working in a collaborative team environment and as an independent thinker.
• Proficiency with financial projection modeling and Excel.
• Bachelor’s degree in finance, accounting, or equivalent experience.
• Field Exam experience a plus.

Qualifications

• Demonstrate experience in Asset Based Finance roles within a commercial bank or finance company.
• Show proficiency in analyzing and interpreting financial statements, especially historical and projected ones.
• Have a track record of identifying and mitigating risks associated with various types of lending.
• Be familiar with and adhere to Old National Bank's lending policies, guidelines, and standards.
• Be capable of making independent decisions and communicating them effectively.
• Be skilled at listening, identifying issues, and solving problems quickly.
• Be comfortable working both collaboratively and independently.
• Have a solid foundation in financial projection modeling and Excel.
• Hold a bachelor’s degree in finance, accounting, or a related field, or equivalent experience.
• Have experience with Field Exams, which is a plus.