Old National Bank has been serving clients and communities since 1834. With $50 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.
Our team members are our greatest asset, and we continually invest in their growth and development. We offer 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.
A Credit Center Underwriter has the primary responsibility of analyzing and decisioning loans with Total Credit Exposure between $0 and $3 million while balancing risk and growth. Responsibilities and accountabilities include ensuring loan structures are appropriate and consistent with bank lending standards, assigning an appropriate asset quality rating, completing an appropriate level of underwriting for the risk and size of the loan opportunity, and decisioning applications with assigned lending authority in a fast-paced high volume environment. A Credit Center Underwriter will collaborate with Business Bankers and Commercial Segment Relationship Managers, internal support staff, and others to provide credit expertise and support the commercial loan origination and review process.
Position is based at our St Louis Park office. We are an in-office culture and encourage in person teamwork.
Key Accountabilities
Underwrite and Decision Loans
- Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, risk assessment and asset quality ratings (AQR)
- Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluation by Loan Review, OCC, and/or others may 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 to exercise granted authority confidently, independently via problem solving/sound decision making and with integrity
- 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, etc.
Work Collaboratively with Business Bankers, Relationship Managers, internal support staff and teammates
- 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.
- Develop and enhance knowledge of common types of requests including C&I, small non-owner occupied commercial real estate, and non-for profits by leveraging internal and external resources and expertise
- Partner well with associates on revenue generating sales team, support teams and others.
- Work closely with teammates to maintain a group email box, manage application pipeline, complete ad hoc administrative tasks, and participate in projects as needed.
Key Competencies for Position
Makes Decisions & Solves Problems – Seeks deeper understanding and takes action.
- Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency.
- Collaborates and seeks to understands the root causes of problems.
- Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time.
- Takes action that is consistent with available facts, constraints and probable consequences.
Compelling Communication – Openly and effectively communicates with others.
- Effectively and transparently shares information and ideas with others.
- Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain.
- Unites others towards common goal.
- Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.
Develops Talent – Strengthen your abilities for today and beyond.
- You own your own development and your career.
- Actively assesses self feedback to enhance knowledge, skills and behaviors.
- Leverages own strengths and those of team members to meet individual and team goals supporting both internal and external client needs.
- Continuously develops self for current and future roles.
Personifies ONB Culture – Demonstrates pride in ONB.
- Consistently demonstrates Old National's culture and values in daily interactions.
- Models our values – how we show up in the workplace.
- Places the organization's goals before individual or team goals.
- Demonstrates the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.
Qualifications and Education Requirements
- Bachelor’s degree in finance, accounting or related field OR equivalent experience.
- Ability to independently/with limited oversight analyze and interpret financial statements and understand basic accounting principles.
- 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 and conform to ONB lending policies, guidelines and standards
- Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal client quickly given the high volume, fast-paced environment
- Must be able to actively listen, quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly
- Must feel comfortable working in a collaborative team environment along with being an independent thinker.
Key Measures of Success/Key Deliverables:
- Meet or exceed CAM production expectations
- Ensure acceptable quality and accuracy of work as assessed by loan review, OCC, and/or management
- Maintain strong asset quality demonstrating sound underwriting, credit decisioning and credit monitoring
- Contribute to the bank’s financial success by achieving targets for credit quality and supporting the bank’s growth goals
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!
