Commercial Underwriting Mgr

Overview

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

This position is responsible for the management of Commercial Underwriters and the credit process in one or more locations ensuring that the processes and procedures are adhered to for sound financial underwriting of Commercial Banking transactions. This position includes decisioning and underwriting complex credit request and monitoring compliance with approved commercial loan servicing and financial covenants. The Underwriting Manager also monitors portfolio quality and ensures proper Asset Quality Rating guidelines are adhered to.

Salary Range

The salary range for this position is $108,200/yr - $218,900/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Manage a team of Underwriters Supporting a Line of Business

• Manages team of Underwriters under minimal guidance from the Credit Executive and Segment Chief Credit Officer and decisions requests underwritten by team members without sufficient authority for the subject request
• Assists in prioritizing and managing workflows to meet the needs for the assigned lending teams
• Provides training and guidance in completion of credit underwriting, preparation of approval presentations, risk management, monitoring and tracking
• Verifies that the team is conducting in depth review of balance sheet, income statement, other financial information, tax returns, business plans and projections to independently determine that the borrower can generate income and cash flow sufficient to repay existing and proposed debt
• Ensures that presentations are thorough, accurate properly identifies and mitigates risk, assigned and justifies proper Asset Quality Ratings and adheres to Regulations and Bank guidelines
• Manages the quarterly portfolio review process to ensure all relationships are reviewed and Special Asset Reports are prepared as well as follow up tasks are completed timely
• Accompanies Commercial Relationship Managers on client and prospect calls
• Confirms that the team is reviewing third party reports such as real estate appraisals, property condition and environmental reports, Field Exams and or property inspections and environmental investigations
• Maintains a network of financial and legal professionals to support the knowledge necessary to complete any necessary analysis.

Underwrite and Decision Loans (per applicable segmentation: Corporate, Business Banking, CRE, or Specialty)

• Decision renewals and new complex credit requests after performing appropriate and independent due diligence, risk assessment, analysis of repayment ability and asset quality ratings (AQR)
• Meet quality standards and complete required underwriting guidelines as outlined in ONB loan standards (policies, guidelines, and procedures); third-party evaluation by Loan Review, OCC, as well as ONB Senior Management and/or others will be the focal point on analysis in determining level of underwriting and accuracy of Asset Quality Ratings (AQR)
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume including appropriate turnaround times.
• 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 without sacrificing efficiency in a fast-paced, high-volume environment where multiple credit requests must be prioritized to meet client driven response timelines
• Develop and maintain in depth knowledge of ONB Commercial Online System and covenant libraries
• Maintain an Individual Development Plan (IDP) adjusted annually (minimally) with specific training goals, action plans and long-term guidance.

Partner with respective Relationship Managers (per applicable segmentation: Corporate, Business Banking, CRE, or Specialty) as well as Treasury Management Partners

• Provide credit expertise using a consultative approach; assist in structuring loans applying ONB guidelines and standards, proficient knowledge relating to credit, accounting and legal concepts, and risk assessment and analysis
• Propose options and alternatives based on an exceptional understanding of the ONB credit appetite, repayment risk, client’s request, and competitive landscape
• 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
• Create strong partnerships with team members on revenue generating sales team, support teams and others in Credit to ensure a collaborative team and empowered environment

Monitor Portfolio (per applicable segmentation: Corporate, Business Banking, CRE, or Specialty)

• Manage the portfolio review process and ensures proper asset quality ratings (AQR) are assigned on the loan system
• Work with assigned Relationship Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address covenant violation and default situations, delinquencies, review maturing notes, receipt of financial information, and Borrowing Base Certificate (BBC) reports and other reports as appropriate
• Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned Relationship Managers
• Monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate
• Monitor over advances on borrowing base structures in adherence with ONB guidelines
• Serve as a lead on industry analysis (by segmentation) including industry reviews, AQR projects and others as assigned

Key Competencies for Position

Cultural Leadership

• 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.
• Collaboration – actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.

Execution Leadership

• Drive and Execution - committed to achieving established goals, overcoming obstacles, and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results; consistently achieves performance targets.
• Problem Solving/Decision Making – with minimal oversight, seeks to identify what caused an issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
• Adaptability – flexible and agile (can be a utility player); modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change
• Technical Knowledge – possesses the required technical knowledge to perform the role effectively; continuous learning to adopt current trends or expertise; applies credit and banking expertise, industry knowledge, skills, and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge

Client Leadership

• Client Leadership - Puts the (internal and/or external) client in the forefront; strives to accurately assist 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, while acknowledging impact on Bank and identifying and acting upon needs, and delivering increased value

Qualifications and Education Requirements

• Bachelor’s degree in finance, accounting or related field OR equivalent experience
• Master’s degree preferred
• Tenured Commercial Credit and supervisory/management experience
• Strong organizational and multi-tasking skills
• Demonstrates leadership qualities and strong interpersonal and communication skills, both written and verbal with a willingness to train/mentor peers
• Proven ability to quicky assess issues, apply credit policy, offer options and alternatives, come to an independent, timely and accurate decision on complex credit requests and understand the impact of decisions
• Understand and takes appropriate action related to risks associated with lending to diverse types of industries
• Knowledge of loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines, and standards with full understanding on when to approve policy exceptions with appropriate mitigation
• 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 and confident thinker with an ability and willingness to defend their position

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!