Special Assets Underwriter

Special Assets Underwriter

Job Locations US-IN-Indianapolis

Category / Function

Lending / Commercial / Consumer / Credit

Position Type

Regular Full-Time

Requisition ID

2024-14713

Workplace Type

On Site

Overview

Old National Bank has been serving clients and communities since 1834. With $48 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 a re 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.

We are currently seeking a Special Assets Portfolio Manager that will report to the Special Assets Director. Together, these individuals will serve the primary responsibility of underwriting, credit analysis and review, assignment of appropriate asset quality ratings in a fast-paced, high-volume environment, often with limited information, completing a detailed financial analysis to obtain a deeper understanding of the credit risk associated with the client.

The Special Assets Portfolio Manager will collaborate with Special Assets Officers and Special Assets Portfolio Manager III to assure timely reporting on credits, including completion of analysis areas of Special Assets Reports (SAR), annual reviews, credit underwriting within the bank's approval system, Asset Quality Rating changes, and verifications and ad-hoc analysis as required for decisions regarding problem loans in the bank's portfolio.

The Special Assets Portfolio Manager will be responsible for support analysis in evaluating complex credits overseen by the Special Assets Portfolio Manager III, in addition to direct analysis as needed.

Key Accountabilities

Provide Financial Analysis Support to SAR documents

Provide financial statement spread and bank template underwriting tables as well as ad hoc analysis to properly evaluate and demonstrate risk to reader.

• Maintain a pipeline of work to assure reporting is completed in a timely manner to allow Special Assets Officers to complete the reports by established deadlines.
• 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)
• 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 Special Assets Officers and Senior Portfolio Manager

Provide credit expertise using a consultative approach; assist in structuring loan workouts applying proficient knowledge, understanding, and application of ONB guidelines / standards / policies, risk assessment and analysis;

effectively communicate risks, questions, and options to Special Assets Officers seeking win-win solutions.

• Organize available information on borrower and obligor entities to assure a balanced and accurate presentation of risks and mitigants is presented within analysis and approvals.
• 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.

Monitor Portfolio

Periodically review Asset Quality Ratings (AQRs) and recommend changes as needed to accurately reflect risk exposure of bank's portfolio.

Perform ad-hoc analysis of AQR as requested by Special Assets Officers in the light of new information or concerns.

Work with assigned Special Assets Officers to monitor the credit portfolio to improve 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.

Underwrite and Decision Loans

• Underwrite and decision renewals and modification 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)
• 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.

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.
• 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.

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

Qualifications and Education Requirements

• Bachelor's degree in finance, accounting or related field OR equivalent experience
• 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.
• Strong 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 manage a varying workload and be flexible to accept new tasks and responsibilities with appropriate level of prioritization to complete needed tasks 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.
• Demonstrate progressive experience within Commercial Credit required with each incremental level of responsibility
• Credit authority level is determined by the Commercial and Corporate Credit Granting Authority Matrix Exhibit 1 / 02A. (attached)

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, 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!

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com (This email will respond to accommodation requests only.)