CRE Commercial Underwriter

About the Role

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. This role is based in an in-office working environment with locations in Minneapolis, St Paul, St Cloud MN, Lake Elmo, Chicago (near Rosemont), Deerfield IL, Hickory Hills IL, Madison WI Capital Square, and Milwaukee Huron building.

Responsibilities

• Underwrite credit requests focusing on appropriate due diligence, risk assessment, and asset quality ratings (AQR).
• Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluations by Loan Review, OCC, or others may identify unacceptable underwriting or inaccurate AQRs.
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
• Produce high-quality and accurate analysis while maintaining efficiency in a fast-paced, high-volume environment, juggling multiple requests while adhering to client-driven response timelines.
• Partner with Relationship Managers and Treasury Management Partners to provide credit expertise using a consultative approach; assist in structuring loans by applying proficient knowledge of ONB guidelines, risk assessment, and analysis.
• Effectively communicate risks, questions, and options to Relationship Managers, seeking win-win solutions.
• Deliver exceptional internal customer service and adopt new processes and tools as available.
• Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources.
• Collaborate with associates on revenue-generating sales teams, support teams, and others in Credit to ensure a team-oriented and empowered environment.
• Monitor the credit portfolio to maintain strong asset quality by reviewing trend analysis reports, addressing default situations, delinquencies, maturing notes, financial information, covenant defaults, and Borrowing Base Certificate (BBC) reports.
• Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned Relationship Managers.
• Monitor overlines, Treasury Management/ACH risk reports, or other trends as appropriate.

Requirements

• Demonstrate at least 3-7 years of progressive experience within CRE underwriting, commercial real estate appraisal, or commercial credit analysis, with incremental levels of responsibility.
• Demonstrated ability to independently (with limited oversight) understand, analyze, and interpret financial statements.
• Understand and take appropriate action related to risks associated with lending to various industries.
• Basic knowledge of loan structuring, borrowing causes, and lending regulations; ability to comply with and conform to ONB lending policies, guidelines, and standards.
• Ability to make sound independent decisions and communicate those decisions clearly and effectively in a high-volume, fast-paced environment.
• Actively listen, quickly identify issues and opportunities, and problem-solve in real-time to move work forward.
• Comfortable working in a collaborative team environment while also being an independent thinker.
• Bachelor’s degree in finance, accounting, or equivalent experience.

Skills

• Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors delivery to the audience, and selects suitable delivery methods.
• Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.
• Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, and leveraging collaboration.
• Problem Solving/Decision Making: With minimal oversight, identifies root causes of issues; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies) to ensure effective action and shared ownership.
• Adaptability: Flexible and agile; modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities, and client needs.
• Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuously learns to adopt new trends or expertise; applies credit and banking expertise to demonstrate and sustain applicable underwriting knowledge.
• Client Leadership: Puts the (internal and/or external) client first; strives to delight clients/partners by becoming a trusted advisor, establishing long-term productive relationships, and delivering increased value.

Benefits

• Competitive compensation with 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 passionate about driving engagement, creating awareness of diverse backgrounds, and building inclusion across the organization.

Pay

The salary range for this position is $81,700/yr. - $165,100/yr. Actual salary offers within this range may vary based on factors such as the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.