Credit Officer

Credit Officer

Credit Officer 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 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

A Credit Officer in the Healthcare Specialty segment has the primary responsibility of underwriting and decisioning applicable segmentation lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign an appropriate asset quality rating, and decision applications with assigned lending authority in a fast-paced, high volume environment completing a detailed financial analysis to obtain a deeper understanding of an application's credit risk. A Credit Officer will collaborate with Relationship Managers, internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.

Key Accountabilities

Underwrite and Decision Loans Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, 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. 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 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 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. Specialty segmentation Commercial Underwriters may monitor overlines and Treasury Management / ACH risk reports or other trends, as appropriate.

Key Competencies for Position

Compelling Communication - Openly and effectively communicates with others. Effectively and transparently shares information and ideas with others. Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain. Unites others towards common goal. Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction. Makes Decisions & Solves Problems - Seeks deeper understanding and takes action. Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency. Collaborates and seeks to understand the root causes of problems. Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time. Takes action that is consistent with available facts, constraints and probable consequences. Delights Clients - Continuously seeks and applies knowledge leading to a best-in-class client experience. Passionately serves internal / external clients with excellence. Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally. Understands data, metrics and / or financial information, and how they tie to client satisfaction and business outcomes related to position, client and / or team. 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 field OR equivalent experience. 7 -10+ years of experience required at a regional or global bank. 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. General banking experience - Commercial Credit experience preferred.