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Senior Commercial Credit Officer - Healthcare Specialty (Senior Housing/Independent Assistant Living)
Senior Commercial Credit Officer - Healthcare Specialty (Senior Housing/Independent Assistant Living)Old National Bank • St. Louis Park, MN, United States
Senior Commercial Credit Officer - Healthcare Specialty (Senior Housing / Independent Assistant Living)

Senior Commercial Credit Officer - Healthcare Specialty (Senior Housing / Independent Assistant Living)

Old National Bank • St. Louis Park, MN, United States
3 days ago
Job type
  • Full-time
Job description

Senior Commercial Credit Officer - Healthcare Specialty (Senior Housing / Independent Assistant Living)

Job Locations

US-OH-Beachwood | US-IN-Indianapolis | US-IL-Chicago | US-MN-Lake Elmo | US-MN-St Louis Park | US-MN-Maple Grove

Category / Function

Lending / Commercial / Consumer / Credit

Position Type

Regular Full-Time

Requisition ID

2025-18454

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

The Senior Credit Officer will be responsible for the daily activities of the Commercial Underwriters, maintaining an efficient workflow while promoting a collaborative experience between their direct reports, Relationship Managers, segment leadership, and other internal support areas. This individual will manage all activities of the UWs, which will include oversight of all analyst tasks and functions necessary to analyze, decision, and manage credit relationships in the Commercial portfolio, along with credit risk administration duties, orderly flow of credit approvals through the analysis process and productivity for all direct reports. Responsible to maintain loss ratios, accurately assess risk and assign the appropriate risk rating in an efficient manner following established underwriting guidelines and procedures. This position requires strong communication, leadership and critical thinking skills, thorough knowledge of industry and bank underwriting standards, and the confidence to make and support loan decisions

Salary Range

The salary range for this position is $106,100 - $214,600 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

Key Accountabilities

Ensure credit quality targets for the loan portfolio are met

Ensure analyses of underwriters are appropriate and asset quality ratings are accurate

  • Engage with Credit Strategy to leverage portfolio data and industry / market trends to provide administrative oversight of the Commercial loan portfolio
  • Ensure compliance with established corporate standards for Commercial portfolio
  • Understand the state of the loan portfolio, identifying areas of potential concern and growth opportunities

Coach, develop and maintain a competent team of credit professionals

  • Develop Underwriters through appropriate training to ensure analysis on credit approval memorandums is accurate, factually correct and meets bank requirements to make fully informed credit decisions
  • Assist with evaluating, analyzing, and decisioning eligible loan applications while exercising granted loan authority in a responsible manner
  • Lead and coach a team of credit professionals and successfully motivate direct reports to perform at a high level and achieve their own performance and career objectives
  • Maintain and grow analytical skills and industry knowledge through internal and external training and development opportunities
  • Maintain an environment that is collaborative, controlled, monitored, and efficient

  • Collaborate with staff and production peers while executing the Bank's Commercial Strategy
  • Empower team to engage with Commercial Relationship Managers, CBU Agents, and Documentation Specialists as applications progress through internal commercial lending processes and deploy problem solving and critical thinking skills as needed.
  • Complete special projects at the direction of the Bank's credit administrators, which may include action and responses to OCC exams, internal audits, and loan review reports.
  • Key Competencies for Position

    Develops Talent - Optimizes talent within business area to achieve goals

  • Actively supports people development through formal programs as well as targeted stretch assignments
  • Continuously evaluates talent within business area and is quick to take action to remove barriers and close talent gaps through effective feedback and coaching
  • Cultivates an environment of trust and optimizes talents and capabilities within business area through a culture of continuous feedback and coaching
  • Actively seeks to attract and retain best-in-class, diverse talent
  • Makes Decisions & Solves Problems - Proactively sources and analyzes comprehensive data to define and solve complex business problems that leads to sound decisions

  • Proactively analyzes and owns qualitative and quantitative data to define business areas problems and opportunities through effective collaboration
  • Collaborates to compile information needed to create a sound approach by leveraging internal and external resources
  • Considers business area, organizational, and individual realities along with impact on the business before developing solutions and makes sound business decisions based on a blend of analysis, wisdom, experience and judgment
  • Creates plan to meet goals and objectives within business areas diminishing gaps and evaluating progress along the way allowing for adjustments
  • Delights Clients - Builds a best-in-class client experience across the business area

  • Fosters an environment where team members passionately serve internal / external clients with excellence
  • Fosters a growth mindset by keeping current with development and trends in business area and sharing information to build knowledge base of business area and enhance client experience
  • Understands data, metrics and / or financial information and how they tie to business outcomes related to client, business area and organization
  • Fosters a culture of accountability within business areas where business area nurtures client relationships by listening, prioritizing and acting responsibly to meet client needs, mitigate risk and add shareholder value
  • Qualifications and Education Requirements

  • Bachelor's degree in Finance, Accounting, or related area or equivalent experience
  • 10 or more years of experience as a Commercial Underwriter / Analyst or related positions
  • Previous management or leadership experience preferred
  • Ability to analyze and interpret financial statements and understand complex accounting principles
  • Thorough knowledge of risks associated with all types of industries
  • Thorough knowledge of loan structuring, borrowing causes and lending standards to ensure loan applications are evaluated efficiently, effectively, and in accordance with regulations
  • Must possess (or willing to possess in short order) a deep understanding of ONB's Credit culture, loan policies, and loan guidelines and procedures with ability to property mitigate exceptions when granted.
  • Demonstrated proficiency and attention to analysis utilizing qualitative and quantitative detail
  • Key Measures of Success / Key Deliverables :

  • Meet performance targets for the loan portfolio including, but not limited to delinquencies, charge-offs, loan production, and Asset Quality Ratings.
  • Achieve satisfactory designation from OCC examinations and internal loan reviews
  • Maintain an efficient and accurate underwriting channel that supports efforts to achieve speed to market targets.
  • Maintain a high standard within the department for servicing internal customers.
  • 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.

    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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    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.)

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    Senior Credit Officer • St. Louis Park, MN, United States

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