Commercial Underwriter II

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

The Commercial Real Estate (CRE) Underwriter is responsible for the ongoing monitoring, administration, and credit quality of an assigned portfolio of commercial relationships. The role serves as the central coordinator of portfolio management activities, overseeing review workflows, monitoring requirements, and risk management efforts while reviewing analyst recommendations and approving designated credit actions within delegated authority including asset quality ratings (AQR). The Underwriter partners with Relationship Managers and other stakeholders to identify emerging risks, ensure compliance with bank policy, and support prudent portfolio growth.


Salary Range

The salary range for this position is $61,200/yr - $123,700/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.

Primary Responsibilities

Credit Risk Management & Decisioning

• Review and evaluate analyst-prepared financial analyses, annual reviews, covenant compliance assessments, and credit recommendations.

• Exercise independent credit judgment when approving risk ratings, annual reviews, portfolio management actions, and other credit decisions within authority limits.

• Escalate higher-risk transactions, policy exceptions, and complex credit matters as appropriate.

• Identify developing credit concerns and recommend corrective actions, risk mitigation strategies, or escalation when warranted.

• Maintain a thorough understanding of borrowers' financial performance, industry conditions, and evolving risk profiles.

Portfolio Monitoring & Administration

• Perform ongoing monitoring of assigned relationships to identify emerging credit risks and changes in borrower performance.

• Monitor financial reporting requirements, covenant compliance, borrowing base reporting, collateral performance, and other ongoing credit obligations.

• Proactively manage exceptions, past-due reviews, documentation deficiencies, and other portfolio management requirements.

• Monitor portfolio trends and risk migration to ensure appropriate risk identification and reporting.

• Prepare Special Asset Reports (SARs) on a quarterly basis.

• Monitor payment delinquency within the portfolio.

Analyst Oversight & Workflow Management

• Serve as the primary point of contact between analyst resources and internal stakeholders.

• Assign, prioritize, and oversee analyst workflow to ensure timely completion of portfolio management activities.

• Review analyst work product for accuracy, completeness, consistency, and adherence to bank standards.

• Provide coaching and guidance related to financial analysis, credit risk assessment, and portfolio management expectations.

• Facilitate effective communication among analysts, Relationship Managers, and Credit Officers to ensure alignment and timely resolution of issues.

Relationship & Internal Partnership

• Partner with Relationship Managers to support client retention, growth initiatives, and ongoing relationship management activities.

• Provide guidance regarding credit policy, risk management practices, and portfolio administration requirements.

• Collaborate with Credit Administration, Loan Operations, and other internal partners to ensure efficient portfolio management and issue resolution.

• Serve as a trusted resource on assigned relationships and portfolio-related matters.

Compliance, Audit & Reporting

• Ensure portfolio activities comply with bank policies, regulatory requirements, and established credit standards.

• Support internal audits, loan reviews, and regulatory examinations.

• Prepare and review portfolio reporting, risk assessments, and other management information as required.

• Contribute to process improvements designed to enhance portfolio quality, risk management effectiveness, and operational efficiency.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.

• 5+ years of commercial credit, underwriting, portfolio management, or lending experience.

• Strong financial statement analysis and credit risk evaluation skills.

• Working knowledge of commercial lending structures, documentation, and regulatory expectations.

• Ability to make sound risk-based decisions and exercise independent credit judgment.

• Strong organizational, communication, and relationship management skills.

• Ability to manage multiple priorities and deadlines within a dynamic environment.

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!