Commercial Underwriter - ABL

Responsibilities

• Underwrite loans, particularly complex ABL transactions.
• Perform detailed financial analysis to assess credit and collateral risk.
• Collaborate with Relationship Managers and internal support staff to provide credit expertise.
• Meet quality standards as outlined in Old National Bank underwriting guidelines.
• Meet or exceed productivity expectations for annual credit approval memoranda (CAM) volume.
• Produce a high-quality and accurate analysis while maintaining efficiency in a fast-paced, high-volume environment.
• Partner with Relationship Managers to support new business efforts and promote collaboration.
• Provide credit expertise using a consultative approach, assisting in loan structuring and structuring loans according to ONB guidelines.
• Deliver exceptional internal customer service and adopt new processes and tools as available.
• 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 reviewing 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 ONB lending policies, guidelines, and standards.
• Ability to make sound independent decisions and communicate those decisions clearly and effectively.
• Comfortable working in a collaborative team environment and being 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 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 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.
• Hold a Bachelor’s degree in finance, accounting, or equivalent experience.
• Field Exam experience a plus.