Credit Underwriter - Commercial Bank

Commercial Underwriters For ABL

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.

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 growing and currently have opportunities for Commercial Underwriters for ABL. This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. You will assign an appropriate asset quality rating, in a fast-paced, high-volume environment, completing a detailed financial analysis to obtain a deeper understanding of an application's credit and collateral risk. We are an in-office working environment with offices located at; Underwrite complex ABL transactions due to size, structure, borrower organization or collateral.

Deep understanding of collateral types and attendant risks in monitoring and disposition.

Underwrite credit requests focusing on appropriate due diligence including historical financials and projections, collateral performance and expected recoveries, management assessment, industry drivers and competition, risk assessment including strengths and weaknesses and assigning asset quality ratings (AQR).

Meet quality standards as outlined in ONB underwriting guidelines and policy, evaluation by Loan Review, OCC, and credit approvers.

Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.

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.

Support and promote new business efforts through interaction with Relationship Managers, Portfolio Managers, third party due diligence providers, and Credit Officers to ensure a collaborative team and empowered environment.

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.

Accurately assign asset quality ratings (AQR) consistent with Policy definitions.

Work as needed with assigned Portfolio 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.

Communication – effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery methods.

consistently achieves performance targets.

lines of business, subject matter experts, data, policies, procedures, etc.) Adaptability – flexible and agile (can be a utility player); accepts new challenges/shifts/change in a "can-do" way; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifying and acting upon needs, and delivering increased value

Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.

Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements.

Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral.

Ability to comply and conform to ONB lending policies, guidelines, and standards.

Proficient with financial projection modelling and Excel.

Bachelor's degree in finance, accounting, or equivalent experience. Field Exam experience a plus.

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 are agile.