Talent.com
Commercial Underwriter C&I
Commercial Underwriter C&IOld National Bank • Chicago, IL, United States
Commercial Underwriter C&I

Commercial Underwriter C&I

Old National Bank • Chicago, IL, United States
30+ days ago
Job type
  • Full-time
Job description

Commercial Underwriter C&I

Job Locations

US-IL-Chicago | US-IL-Hickory Hills | US-WI-Madison | US-MI-Troy | US-IN-Indianapolis | US-IN-Evansville | US-IL-McHenry | US-IL-Chicago | US-TN-Nashville | US-WI-Milwaukee | US-IL-Sycamore...

Category / Function

Lending / Commercial / Consumer / Credit

Position Type

Regular Full-Time

Requisition ID

2025-17749

Workplace Type

On Site

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

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 / Credit Analysts / Portfolio Managers for C&I. This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. You will assign an appropriate asset quality rating, in a fast-paced, high volume environment completing a detailed financial analysis to obtain a deeper understanding of an application's credit risk. You will collaborate with Relationship Managers, and internal support staff to provide credit expertise to underwrite and monitor the portfolio.

We are an in-office working enviornment with the following locations for you to work with team members; Evansville IN, 8750 W. Bryn Mawr Chicago (near Rosemont and the Cumberland Blue line station), 180 N. LaSalle Chicago, Hickory Hills IL, McHenry IL, Gurnee IL, Sycamore IL, Milwaukee on Capital Drive and 76th, Madison Capital Square, Troy MI, Nashville Gulch TN, and Indianapolis 900 E. 96th at Parkwood.

Key Accountabilities

Underwrite Loans

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 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.

Partner with respective Relationship Managers as well as Treasury Management Partners

  • 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 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
  • Monitor Portfolio

  • Accurately assign asset quality ratings (AQR)
  • Work with assigned Relationship Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default 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
  • Commercial Underwriters may monitor overlines and Treasury Management / ACH risk reports or other trends, as appropriate
  • 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 in order 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 new 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 delight 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, identifying and acting upon needs, and delivering increased value
  • Qualifications and Education Requirements

  • Demonstrate at least 3-7 years progressive experience within Commercial Credit 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 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
  • 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

    Need help finding the right job?

    We can recommend jobs specifically for you! Click here to get started.

    If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)

    Create a job alert for this search

    Commercial Underwriter • Chicago, IL, United States

    Related jobs
    Senior Underwriter / AVP Underwriter-Wholesale Primary Casualty

    Senior Underwriter / AVP Underwriter-Wholesale Primary Casualty

    Everest • Chicago, IL, United States
    Full-time
    Senior Underwriter / AVP Underwriter - Wholesale Primary Casualty.Underwrite select new and renewal accounts according to department standards. Follow underwriting guidelines and referral processes.Bu...Show more
    Last updated: 1 day ago • Promoted
    Senior Underwriter Technical Property

    Senior Underwriter Technical Property

    Starr Insurance • Chicago, IL, United States
    Full-time
    Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginabl...Show more
    Last updated: 4 days ago • Promoted
    Underwriter, E&S Property

    Underwriter, E&S Property

    Ryan Specialty Group • USA, Illinois, Chicago
    Full-time
    Join Our Team of Forward-Thinking Underwriters!.Are you a recent RMI graduate or an industry professional ready to take the next step in your underwriting career? Velocity is looking for driven, co...Show more
    Last updated: 30+ days ago
    Commercial Underwriter C&I

    Commercial Underwriter C&I

    Old National Bank • Hickory Hills, IL, United States
    Full-time
    US-IL-Chicago | US-IL-Hickory Hills | US-WI-Madison | US-MI-Troy | US-IN-Indianapolis | US-IN-Evansville | US-IL-McHenry | US-IL-Chicago | US-TN-Nashville | US-WI-Milwaukee | US-IL-Sycamore.Lending...Show more
    Last updated: 30+ days ago • Promoted
    Senior Production Underwriter - EB

    Senior Production Underwriter - EB

    Munich RE • Schaumburg, IL, United States
    Full-time
    Hartford, United States; Schaumburg, United States;.HSB, a Munich Re company, is a specialty insurer and risk solutions provider known for its industry-leading equipment breakdown coverage.We combi...Show more
    Last updated: 30+ days ago • Promoted
    Senior New Business Underwriter

    Senior New Business Underwriter

    AmTrust Financial Services • Chicago, IL, United States
    Full-time
    The Senior Underwriter will be responsible for the underwriting and servicing of new business for an assigned group of agencies in the Midwest. Maintains effective relationships with agency contacts...Show more
    Last updated: 4 days ago • Promoted
    Senior New Business Underwriter

    Senior New Business Underwriter

    AmTrust Financial • Chicago, IL, United States
    Full-time
    Senior New Business Underwriter.Job Locations : US-IL-Chicago, US-KS-Overland Park.Position Type : Regular Full-Time.The Senior Underwriter will be responsible for the underwriting and servicing of n...Show more
    Last updated: 1 day ago • Promoted
    Senior Wholesale Property Underwriter / Underwriting Specialist

    Senior Wholesale Property Underwriter / Underwriting Specialist

    MSIG USA • Chicago, IL, United States
    Temporary
    MS&AD Insurance Group Holdings, Inc.P&C carriers and a global Class‑15 insurer, with A+ ratings and a reach spanning 40+ countries and regions. Leveraging our 350‑year heritage, MSIG USA brings the ...Show more
    Last updated: 2 days ago • Promoted
    Senior Underwriter

    Senior Underwriter

    AmTrust Financial • Chicago, IL, United States
    Full-time
    The Senior Underwriter will be responsible for the underwriting and servicing of new business for an assigned group of agencies in the Midwest. Maintains effective relationships with agency contacts...Show more
    Last updated: 4 days ago • Promoted
    Senior Underwriter, Construction Owners

    Senior Underwriter, Construction Owners

    MedStar Health • Chicago, IL, United States
    Full-time
    Argo Group International Holdings, Inc.American National, US based specialty P&C companies, (together known as BP&C, Inc. Brookfield Wealth Solutions, Ltd.BWS"), a New York and Toronto-listed public...Show more
    Last updated: 1 day ago • Promoted
    Senior Commercial Lines Underwriter

    Senior Commercial Lines Underwriter

    H. W. Kaufman • Chicago, IL, United States
    Full-time
    Build, maintain, and grow a book of business.Manage agency relationships and serve as lead client contact.Create and execute marketing plan to increase new and renewal business.Rate, quote and bind...Show more
    Last updated: 1 day ago • Promoted
    Senior Underwriter Technical Property

    Senior Underwriter Technical Property

    Starr Companies • Chicago, IL, United States
    Full-time
    Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginabl...Show more
    Last updated: 2 days ago • Promoted
    Senior Underwriter - Energy

    Senior Underwriter - Energy

    Chubb • Chicago, IL, United States
    Full-time
    Chubb's Energy Practice is an exciting and dynamic place for individuals who are seeking career opportunity and advancement. The Commercial Insurance team has an opening for a Senior Underwriter to ...Show more
    Last updated: 30+ days ago • Promoted
    Underwriter / Senior Underwriter II - Asset Based Finance

    Underwriter / Senior Underwriter II - Asset Based Finance

    Bank of America • Chicago, IL, United States
    Full-time
    Underwriter / Senior Underwriter II - Asset Based Finance at Bank of America.This role involves working directly with business development officers, relationship managers, investment bank, capital ma...Show more
    Last updated: 1 day ago • Promoted
    Commercial Underwriter Sponsor Leverage Finance

    Commercial Underwriter Sponsor Leverage Finance

    Old National Bank • Chicago, IL, United States
    Full-time
    Commercial Underwriter Sponsor Leverage Finance.Lending / Commercial / Consumer / Credit.Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we ar...Show more
    Last updated: 30+ days ago • Promoted
    Underwriter

    Underwriter

    Commercial Bank of California • Mundelein, IL, US
    Full-time
    With minimum supervision, provides direct support to Loan Officers to develop and analyze all relevant credit information pertaining to more complex commercial and business loans.Prepares or assist...Show more
    Last updated: 1 day ago • Promoted
    MRSGM NA Underwriter, Cyber

    MRSGM NA Underwriter, Cyber

    Munich RE • Schaumburg, IL, United States
    Full-time
    Munich Re Specialty Global Markets North America (MRSGM N.As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety r...Show more
    Last updated: 30+ days ago • Promoted
    Senior Underwriter / AVP Underwriter-Wholesale Primary Casualty

    Senior Underwriter / AVP Underwriter-Wholesale Primary Casualty

    Everest Re Group, • Chicago, IL, United States
    Full-time
    Title : Senior Underwriter / AVP Underwriter-Wholesale Primary Casualty.Company : Everest Insurance Company.Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enablin...Show more
    Last updated: 4 days ago • Promoted