Job Location : Rochester,MN, USA
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
Salary Range The salary range for this position is $60,000 - $165,100 per year plus bonus. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled. We are growing and have opportunities for Commercial Underwriters on our C&I Portfolio Monitoring team. This role has the primary responsibility of managing the loan portfolio through annual credit reviews, required covenant testing, and borrowing base testing when applicable. You will assign appropriate asset quality ratings in a fast-paced, high-volume environment by completing a detailed financial analysis to obtain a deeper understanding of a borrower's credit risk. You will collaborate with Relationship Managers, and internal support staff to provide credit expertise and monitor the portfolio. We are an in-office working environment with the following locations for you to work with team members; 372 St Peter St. St Paul, Capella Tower 6th Street Mnpls, Lake Elmo St Paul, Rochester MN, and Fargo ND.
Key Accountabilities
Portfolio Monitoring
Complete annual credit reviews and required covenant testing for all existing borrowers in the C&I portfolio. Monitor borrowing base lines of credit. Accurately assign asset quality ratings (AQR). Work with assigned Relationship Managers to address default situations, payment delinquencies, review maturing notes, monitor the receipt of financial information, and manage other reports as required.
Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate.
Partner with respective Relationship Managers
Provide credit expertise using a consultative approach; 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 assigned segmentation and portfolio by leveraging internal and external resources and expertise.
Partner well with associates on revenue generating sales team, support teams and others in Credit to ensure a collaborative, team, and empowered environment.
Underwrite Loans (when needed)
Underwrite 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; 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. Produce 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.
Key Competencies for Position
Cultural Leadership: Communication
Collaboration
Execution Leadership: Drive and Execution
Problem Solving/Decision Making
Adaptability
Technical Knowledge
Client Leadership: Client Leadership
Qualifications and Education Requirements
Demonstrate at least 3-7 years progressive experience within Commercial Credit Analysis for C&I is required with each incremental level of responsibility. Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements 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 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/external 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. Bachelor's degree in finance, accounting or equivalent experience