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 are growing and have an opportunity for a CRE Underwriter. This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. We are an in-office working environment with offices in Minneapolis, St Paul, St Cloud MN, Lake Elmo, Chicago (near Rosemont), Deerfield IL, Hickory Hills IL, Madison WI, and Milwaukee WI.

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; evaluation by Loan Review, OCC, and/or others may identify unacceptable underwriting or inaccurate asset quality ratings (AQR).
• 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 respective Relationship Managers as well as Treasury Management Partners to provide credit expertise using a consultative approach; assist in structuring loans by applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, 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 and expertise.
• 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 accurately assigning asset quality ratings (AQR).
• Work with assigned Relationship Managers to review trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default and Borrowing Base Certificate (BBC) reports, and other reports as appropriate.
• Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned Relationship Managers.
• Monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate.

Key Competencies

• Cultural Leadership:
  • 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, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results; consistently achieves performance targets.
  • Problem Solving/Decision Making: With minimal oversight, identifies what caused an issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgment.
  • Adaptability: Flexible and agile; modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities, and client needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change.
  • 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, industry knowledge, skills, and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge.
• Client Leadership:
  • Puts the (internal and/or external) client in the forefront; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifying and acting upon needs, and delivering increased value.

Requirements

• Demonstrate at least 3-7 years of progressive experience within CRE underwriting, commercial real estate appraisal, or commercial credit analysis, with each incremental level of responsibility.
• Demonstrated ability to independently (with limited oversight) understand, analyze, and interpret financial statements.
• Understands and takes appropriate action related to risks associated with lending to various types of 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 to internal/external clients quickly in a high-volume, fast-paced environment.
• Ability to actively listen, quickly identify issues as well as opportunities when they arise, 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.

Benefits

• Competitive compensation with salary and incentive program.
• Medical, dental, and vision insurance.
• 401K retirement plan.
• Continuing education opportunities.
• Employee assistance program.
• Variety of Impact Network Groups led by team members passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.

Pay

The salary range for this position is $81,700/yr. - $165,100/yr. The base salary indicated reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on factors including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.