Commercial Underwriter - CRE

CRE Underwriter

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 continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

We are a growing, relationship-focused financial institution providing a full range of commercial, treasury management, capital markets, equipment leasing, wealth management, trust and private banking products and services.

The salary range for this position is $60,000 - $121,300 per year plus bonus. The base salary indicated for this position 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 a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

A CRE Underwriter role has the primary responsibility of financial analysis and underwriting Commercial Real Estate lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. You are expected to provide clear, concise, and accurate financial analysis and risk assessment for new and existing clients. Effectively interact and build collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.

We are an in-office working environment with the following locations for you to work with team members; Evansville IN, Indianapolis IN, Fort Wayne IN, Muncie IN, Terra Haute IN, Bloomington IN, Ann Arbor MI, Louisville KY, and Nashville TN.

Key accountabilities include:

• Underwrite loans
• Partner with respective relationship managers as well as treasury management partners
• Monitor portfolio

Key competencies for position include:

• Cultural leadership
• Execution leadership
• Client leadership

Qualifications and education requirements include:

• Demonstrate at least 3-5 years progressive experience within CRE underwriting, commercial real estate appraisal or credit analyst is required with each incremental level of responsibility.
• Demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans.
• 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 and conform to ONB lending policies, guidelines and standards
• Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly given the high volume, fast-paced environment
• Must be able to actively listen, quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly
• Must feel comfortable working in a collaborative team environment along with being an independent thinker.
• Bachelor's degree in finance, accounting or equivalent experience

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team!