Loan Review Analyst

Credit Risk Review Analyst / Associate

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 Credit Risk Review Analyst / Associate is a key individual contributor within the independent Credit Risk Review function and plays a critical role in assessing the quality of the institution's loan portfolio across multiple lending products. This role is responsible for performing independent, risk-based credit reviews to evaluate underwriting quality, credit administration, risk rating accuracy, policy compliance, and portfolio risk trends. Consistent with the Interagency Guidance on Credit Risk Review Systems, this position operates independently from loan production and underwriting and provides objective, credible challenge and risk insight to management. The role is intentionally structured to accommodate a wide range of experience levels, from developing reviewers building technical expertise to highly experienced individual contributors serving as subject matter experts on complex and higher-risk credits.

Salary Range

The salary range for this position is $60,000/yr. - $121,300/yr.. 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.

Loan Review Analyst may vary between level II, III, or Sr. this position may be filled at a different level depending on the candidate's qualifications and relevant experience.

Independent Credit Risk Review Execution

• Perform independent credit risk reviews across commercial, CRE, consumer, and specialized lending portfolios.
• Evaluate underwriting quality, borrower financial condition, collateral adequacy, credit structure, and credit administration practices.
• Validate assigned risk ratings and identify actual or potential credit weaknesses in accordance with regulatory and internal standards.

Risk-Based Analysis and Judgment

• Participate in risk-based scoping and sample selection informed by portfolio risk characteristics.
• Perform detailed financial analysis including cash flow, leverage, liquidity, repayment capacity, and sensitivity considerations.
• Assess adherence to internal credit policies, underwriting standards, and regulatory expectations.

Documentation, Findings, and Reporting

• Prepare clear, organized, and well-supported workpapers and written review narratives.
• Clearly articulate findings, conclusions, risk rating challenges, and emerging risks.
• Contribute to portfolio-level themes, trends, and management reporting.

Collaboration and Issue Management

• Appropriately escalate material credit issues and emerging risks.
• Engage constructively with first-line credit partners while maintaining independence and objectivity.
• Support tracking and validation of corrective actions and issue remediation, as assigned.

Portfolio Insight and Continuous Improvement

• Develop understanding of portfolio trends, concentrations, and emerging credit risks.
• Contribute ideas to enhance review methodology, efficiency, consistency, and use of data.
• Support special projects, targeted reviews, or horizontal assessments based on department needs.

Qualifications

Required

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
• Minimum two (2) years of experience in credit risk review, credit analysis, commercial lending, underwriting, or credit risk management.
• Strong analytical skills and ability to evaluate borrower performance and repayment capacity.
• Effective written and verbal communication skills.

Preferred

• Five (5) to ten-plus (10+) years of progressive experience in credit risk review, loan review, or commercial credit.
• Experience reviewing complex, specialized, or higher-risk credit portfolios.
• Familiarity with Interagency Guidance on Credit Risk Review Systems and related regulatory expectations.
• Professional certifications such as CRC, CFA, CPA, or similar credentials.

Core Competencies

• Independent credit judgment and professional skepticism
• Financial statement and cash flow analysis
• Risk rating validation and credit quality assessment
• Clear, concise risk communication
• Attention to detail and documentation discipline
• Regulatory awareness and adaptability

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. 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!