Commercial Underwriter, Sr

Commercial Underwriter, Sr

Job Locations


US-IL-Chicago | US-MN-St Louis Park | US-MN-Minneapolis | US-MN-Saint Paul | US-WI-Milwaukee | US-IL-Palos Heights | US-IN-Indianapolis | US-MI-Troy | US-IN-Evansville

Category/Function


Lending/Commercial/Consumer/Credit

Position Type


Regular Full-Time

Requisition ID


2026-20108

Workplace Type


On Site

Overview

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.

Responsibilities

A Commercial Underwriter in the applicable segmentation (Corporate, C&I, or Specialty) has the primary responsibility of underwriting and decisioning applicable segmentation lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign an appropriate asset quality rating, and decision applications with assigned lending authority in a fast-paced, high volume environment completing a detailed financial analysis to obtain a deeper understanding of an application's credit risk. A Commercial Underwriter will collaborate with Relationship Managers (appliable segmentation), internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.

We are an in office culture with office locations in Mnpls/St Paul, Milwaukee, Chicago area, Troy MI, Indianapolis IN, Evansville IN and throughout the midwest.

Key Accountabilities

Underwrite and Decision Loans

Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, 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

• Make prudent credit decisions balancing risk and growth; utilize assigned lending authority based on approval authority matrix to exercise granted authority confidently, independently via problem solving/sound decision making and with integrity

• Produce a high quality and accurate analysis while also not sacrificing efficiency in a fast-paced, high volume environment juggling multiple requests while adhering to client driven response timelines, etc.

Partner with respective Relationship Managers

• Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win-win solutions.

• Deliver exceptional internal customer service and adopt new processes and new tools, as available.

• Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise

• Partner well with associates on revenue generating sales team, support teams and others in Credit to ensure a collaborative, team, and empowered environment

Monitor Portfolio

• Accurately assign asset quality ratings (AQR)

• Work with assigned Relationship Managers to monitor the credit portfolio to maintain strong asset quality; 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

• Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate

Key Competencies for Position

Compelling Communication - Openly and effectively communicates with others.

• Effectively and transparently shares information and ideas with others.

• Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain.

• Unites others towards common goal.

• Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.

Makes Decisions & Solves Problems - Seeks deeper understanding and takes action.

• Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency.

• Collaborates and seeks to understands the root causes of problems.

• Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time.

• Takes action that is consistent with available facts, constraints and probable consequences.

Delights Clients - Continuously seeks and applies knowledge leading to a best-in-class client experience.

• Passionately serves internal/external clients with excellence.

• Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally.

• Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team.

• Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.

Qualifications and Education Requirements

• 5 years of Commercial Credit experience required in Corporate Banking, C&I, or Specialty Banking required.
• Bachelor's degree in finance, accounting or related field OR equivalent experience

• 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.
• Demonstrate progressive experience within Commercial Credit required with each incremental level of responsibility

  Salary Range

  The salary range for this position is $77,900/yr - $258,600/yr 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.

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.

As such, 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.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

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!