Old National Bank - Indianapolis, IN

posted 5 months ago

Full-time - Mid Level
Indianapolis, IN
10,001+ employees
Credit Intermediation and Related Activities

About the position

Old National Bank is seeking a Credit Center Underwriter to join our team in Indianapolis. This position is crucial for analyzing and decisioning loans with Total Credit Exposure between $0 and $3 million, ensuring a balance between risk and growth. The Credit Center Underwriter will be responsible for ensuring that loan structures are appropriate and consistent with bank lending standards, assigning asset quality ratings, and completing the necessary underwriting for the risk and size of the loan opportunity. This role requires making prudent credit decisions while adhering to the bank's guidelines and policies in a fast-paced, high-volume environment. The successful candidate will collaborate closely with Business Bankers, Commercial Segment Relationship Managers, and internal support staff to provide credit expertise and support throughout the commercial loan origination and review process. This includes underwriting and decisioning renewals and new credit requests, focusing on due diligence, risk assessment, and asset quality ratings. The Credit Center Underwriter will also be expected to meet or exceed productivity expectations for annual credit approval memorandums (CAM) and produce high-quality analyses without sacrificing efficiency. In addition to technical skills, the role requires strong communication abilities, as the underwriter will need to effectively convey risks and options to Relationship Managers and work collaboratively with various teams. The position also emphasizes personal development, encouraging team members to take ownership of their growth and continuously enhance their skills and knowledge. Old National Bank prides itself on its culture, which values collaboration, inclusivity, and ethical practices, and the Credit Center Underwriter will be expected to embody these values in their daily interactions.

Responsibilities

  • Underwrite and decision renewals and new credit requests focusing on appropriate due diligence, risk assessment, and asset quality ratings (AQR).
  • Ensure loan structures are appropriate and consistent with bank lending standards.
  • Assign appropriate asset quality ratings and complete necessary underwriting for the risk and size of the loan opportunity.
  • Make prudent credit decisions balancing risk and growth, utilizing assigned lending authority confidently and independently.
  • Produce high-quality and accurate analyses while maintaining efficiency in a fast-paced, high-volume environment.
  • Collaborate with Business Bankers, Relationship Managers, and internal support staff to provide credit expertise and support the commercial loan origination and review process.
  • Deliver exceptional internal customer service and adopt new processes and tools as available.
  • Develop and enhance knowledge of common types of requests including C&I, small non-owner occupied commercial real estate, and non-profits.
  • Manage application pipeline and complete ad hoc administrative tasks as needed.

Requirements

  • Bachelor's degree in finance, accounting, or related field OR equivalent experience.
  • Ability to independently analyze and interpret financial statements and understand basic accounting principles.
  • Understanding of risks associated with lending to various types of industries.
  • Basic knowledge of loan structuring, borrowing causes, and lending regulations; ability to comply with ONB lending policies, guidelines, and standards.
  • Ability to make sound independent decisions and communicate those decisions clearly and effectively in a high-volume environment.
  • Strong active listening skills to identify issues and opportunities in real-time.

Nice-to-haves

  • Experience in commercial lending or underwriting.
  • Familiarity with ONB lending policies and guidelines.
  • Proficiency in financial analysis software or tools.

Benefits

  • Competitive salary and performance bonuses.
  • Comprehensive health insurance plans.
  • 401(k) retirement savings plan with company matching contributions.
  • Paid time off and paid holidays.
  • Opportunities for professional development and continued education.
  • Employee discount programs and wellness initiatives.
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