CRE Portfolio Monitoring Underwriter, small to mid-level loans

CRE Portfolio Monitoring Underwriter, small to mid-level loans Job Locations US-IL-Chicago US-IN-Evansville US-IN-Indianapolis US-WI-Milwaukee US-IL-Chicago US-MN-Saint Paul Category/Function: Lending/Commercial/Consumer/Credit Position Type: Regular Full-Time Requisition ID: 2026-19583 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. Salary Range 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. Workplace Locations We are an in-office culture with office locations offered at Lincoln Park, 8750 W. Bryn Mawr, Chicago (near Rosemont and close to Cumberland Blue line station), 380 St Peter Street St Paul MN, Indianapolis at 900 E. 96th Street, Evansville Royal Ave, Milwaukee Huron Building. Responsibilities You will be responsible for performing financial analysis and underwriting for small to mid level Commercial Real Estate loan transactions averaging $3-5MM, and higher ($10+MM). This role has the primary responsibility of managing the loan portfolio through annual credit reviews, required covenant testing, and borrowing base testing when applicable. You will assign appropriate asset quality ratings in a fast-paced, high-volume environment by completing a detailed financial analysis to obtain a deeper understanding of a borrower's credit risk. You will collaborate with Relationship Managers and internal support staff to provide credit expertise and monitor the portfolio. 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. Required Education, Experience and Skills 2-5 years of experience in commercial real estate appraisal or credit analysis with demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans. Skilled with MS Office and proficient with financial spreading software. Strong analytical, organizational skills along with the ability to prioritize multiple projects. Pleasant interpersonal skills and effective communication skills, both written and verbal. Occasional travel to other offices or client locations. Ability to clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the Manager as appropriate. Bachelor's degree in business with a major in finance or accounting. Duties/Responsibilities Conduct in depth review of rent rolls, leases, income statements, CoStar, appraisal reports, environmental reports, guarantor financials, and other financial information to determine, independently, that the borrower can generate income and cash flow sufficient to repay existing and proposed debt. Independently prepare well written approval presentations, including what is being requested, why it is being requested, analysis of the property's market and location, the background and history of the sponsor, and key risks and mitigating factors. Such presentations should also justify assigned risk rating and show that the Bank policies, procedures, and regulations are met. Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives. A network of financial and legal professionals to support the knowledge necessary for analysis. Maintain controls to ensure compliance with consumer protection regulations in a defined area of responsibility. Review third party reports such as real estate appraisals, CoStar market reports, property condition reports, environmental reports, and/or property inspections. Interact with clients when necessary to ensure receipt of financial information necessary to support the underwriting process of Commercial loans. EEO Statement 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. #J-18808-Ljbffr Old National Bank