Underwriter - National Specialty Powersport Lending

Who We Are

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

The Underwriter within our National Specialty Powersport Lending department is primarily responsible for examining the credit history of the applicant, the purpose for the loan, the applicant's ability to pay back the loan and any financial risks involved to underwrite indirect motorsport loans within company policy and regulatory guidelines. Also responsible for conveying loan stipulations and decisions to dealers as needed.

Essential Job Functions

• Obtain and compile copies of loan applicants' credit histories, financial statements, and other financial information.
• Analyze loan applications, credit bureau reports, collateral, existing account data, income documents and other loan documentation to make consistent and sound lending decisions.
• Approve, counteroffer or deny applications within authorized loan policies and authority in a timely fashion.
• Review and confirm loan agreement information is complete and accurate in accordance with established guidelines and legal requirements.
• Demonstrate sound judgement ensuring proper credit decisions to protect the integrity of the loan portfolio and contribute to loan growth.
• Balance productivity and speed to meet service levels with quality underwriting.
• Ensure operational integrity through compliance with all policies, procedures and regulations.
• Explain to dealers the different types of loans and credit options that are available, as well as the terms of those services.

Minimum Requirements

• High school diploma (or equivalent) and one year of related experience (underwriting, credit review, or related); or equivalent combination of education and experience.
• Must work a flexible schedule inclusive of weekends and/or overtime to meet business needs.
• Must be available to work Tuesday - Saturday. Training schedule is 8:30am-5:30pm each day. Once training is completed, must be available to start at 8 or 9am until 5 or 6pm daily.

Competencies

• Active listening - giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Judgment and Decision Making - considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Critical Thinking - using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Preferred, but not required

• Bi-lingual English and Spanish
• Indirect lending experience
• Retail Banking experience

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs. Working fully onsite is required during training period; training period varies.

Compensation & Benefits

Base pay: $20.10 - $27.00/hour

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.

Benefits: How We Support You - Old Second

Thanks for considering Old Second!