Old National Bank - Eden Prairie, MN

posted 5 months ago

Full-time - Mid Level
Eden Prairie, MN
10,001+ employees
Credit Intermediation and Related Activities

About the position

Old National Bank is seeking a Commercial Underwriter to join our team, primarily responsible for analyzing and decisioning loans with Total Credit Exposure between $0 and $3 million. This role is crucial in balancing risk and growth while ensuring that loan structures align with bank lending standards. The Commercial Underwriter will be tasked with assigning appropriate asset quality ratings, conducting thorough underwriting for the risk and size of loan opportunities, and making decisions on applications within their assigned lending authority. This position operates in a fast-paced, high-volume environment, requiring the ability to juggle multiple requests while adhering to client-driven response timelines. The Commercial Underwriter 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 role demands a consultative approach to assist in structuring loans, applying proficient knowledge of ONB guidelines, and effectively communicating risks and options to Relationship Managers. The ideal candidate will demonstrate exceptional internal customer service and be adaptable to new processes and tools as they become available. In addition to underwriting and decisioning loans, the Commercial Underwriter will be expected to maintain a high level of communication, sharing information transparently and tailoring their delivery to engage various audiences. They will also take ownership of their professional development, continuously enhancing their skills and knowledge to meet both current and future role requirements. The position embodies Old National Bank's culture and values, emphasizing collaboration, accountability, and a commitment to helping clients and communities thrive.

Responsibilities

  • Underwrite and decision renewals and new credit requests focusing on appropriate due diligence, risk assessment, and asset quality ratings (AQR).
  • Meet quality standards as outlined in ONB underwriting guidelines and policy; ensure evaluations by Loan Review, OCC, and others do not 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 confidently and independently.
  • Produce high-quality and accurate analysis while maintaining efficiency in a fast-paced, high-volume environment.

Requirements

  • At least 4 years of commercial credit analysis and underwriting experience.
  • Ability to independently analyze and interpret financial statements and understand basic accounting principles.
  • Self-starter who 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 with ONB lending policies, guidelines, and standards.
  • Must be able to make sound independent decisions and communicate those decisions clearly and effectively in a high-volume environment.
  • Must be comfortable working in a collaborative team environment while also being an independent thinker.
  • Bachelor's degree in finance, accounting, or related field OR equivalent experience.

Nice-to-haves

  • Experience with C&I, small non-owner occupied commercial real estate, and non-profits.
  • Familiarity with ONB guidelines and standards.

Benefits

  • Competitive salary and performance bonuses.
  • Comprehensive health insurance plans.
  • 401(k) retirement savings plan with company matching contributions.
  • Paid time off and holidays.
  • Opportunities for professional development and training.
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service