Old National Bank
CRE Commercial Underwriter
Old National Bank, Madison, Wisconsin, us, 53774
CRE Commercial Underwriter
Job Locations
US-IN-Evansville | US-IN-Indianapolis | US-IN-Indianapolis | US-MN-Eden Prairie | US-MN-St Louis Park | US-IL-Hickory Hills | US-MN-Savage | US-MN-St Paul | US-WI-Madison | US-WI-Milwaukee | US-IL-Chicago | ...
Category/Function
Lending/Commercial/Consumer/Credit
Position Type
Regular Full-Time
Requisition ID
2024-15224
Workplace Type
On Site
Overview
Old National Bank has been serving clients and communities since 1834. With $50 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 are 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 have the opportunity to hire someone at the following levels: Commercial Underwriter I, II, or III.
The role is in-office 5 days a week with office locations at 8750 West Bryn Mawr in Chicago (near Rosemont), 180 S. LaSalle Chicago, Hickory Hills IL, Lincoln Park in Chicago, Minneapolis/St. Paul area, Nashville Downtown Gulch, Indianapolis, Evansville IN, Milwaukee, Madison WI, and St Louis (Clayton) MO.We are a relationship-focused financial institution providing a full range of commercial, treasury management, capital markets, equipment leasing, wealth management, trust and private banking products and services.POSITION SUMMARY:You will be responsible for performing financial analysis and underwriting for Commercial Real Estate loan transactions. You are expected to provide clear, concise, and accurate financial analysis and risk assessment for new and existing clients. Effectively interact and build collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.REQUIRED EDUCATION, EXPERIENCE AND SKILLS:Commercial real estate credit, commercial real estate appraisal or credit analysis experience required with expertise appropriate for the job level. T his position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to previous experience, depth and breadth of previous or current institution size.Experience in commercial real estate appraisal or credit analysis with demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans.Proficient with financial spreading softwareStrong analytical, organizational skills along with the ability to prioritize multiple projects.
Pleasant interpersonal skills and effective communication skills, both written and verbal.Occasional travel to other offices or client locations.Ability to clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the BBCRE Manager as appropriate.Bachelor's degree in business with a major in finance or accounting.DUTIES/RESPONSIBILITIES:Conduct in depth review of rent rolls, leases, income statements, CoStar, appraisal reports, environmental reports, guarantor financials, and other financial information to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.Independently prepare well written approval presentations, including what is being requested, why it is being requested, analysis of the property's market and location, the background and history of the sponsor, and key risks and mitigating factors. Such presentations should also justify assigned risk rating and show that the Bank policies, procedures, and regulations are met.Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.A network of financial and legal professionals to support the knowledge necessary for analysis.Maintain controls to ensure compliance with consumer protection regulations in a defined area of responsibility.Review third party reports such as real estate appraisals, CoStar market reports, property condition reports, environmental reports, and/or property inspections.Interact with clients when necessary to ensure receipt of financial information necessary to support the underwriting process of Commercial loans.Tier III levelIndependence in the analysis when underwriting complex transactions, thorough knowledge of accounting and legal principles relating to commercial lending.Review and approve work done by others; act as a mentor and assist in the development of commercial credit analysts and underwriters.Demonstrates ability to engage customers and ask performance related questions without guidance from Relationship ManagersWhen exceptions are proposed, appropriately mitigate them and document the rationale with supporting facts and analytics.We continually seek highly motivated and talented individuals. Our people are critical to our Company's strategy and success. In return we offer competitive compensation with our salary, bonus program, exceptional BC/BS medical, Delta dental all effective day 1, Headspace mental health support and vision insurance, 401k Company "match" dollar for dollar (100%) of the first 5% contributed into the Plan which is 100% vested right away, continuing education support and a unique opportunity with a growing, client-focused and collegial company.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!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.)
Job Locations
US-IN-Evansville | US-IN-Indianapolis | US-IN-Indianapolis | US-MN-Eden Prairie | US-MN-St Louis Park | US-IL-Hickory Hills | US-MN-Savage | US-MN-St Paul | US-WI-Madison | US-WI-Milwaukee | US-IL-Chicago | ...
Category/Function
Lending/Commercial/Consumer/Credit
Position Type
Regular Full-Time
Requisition ID
2024-15224
Workplace Type
On Site
Overview
Old National Bank has been serving clients and communities since 1834. With $50 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 are 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 have the opportunity to hire someone at the following levels: Commercial Underwriter I, II, or III.
The role is in-office 5 days a week with office locations at 8750 West Bryn Mawr in Chicago (near Rosemont), 180 S. LaSalle Chicago, Hickory Hills IL, Lincoln Park in Chicago, Minneapolis/St. Paul area, Nashville Downtown Gulch, Indianapolis, Evansville IN, Milwaukee, Madison WI, and St Louis (Clayton) MO.We are a relationship-focused financial institution providing a full range of commercial, treasury management, capital markets, equipment leasing, wealth management, trust and private banking products and services.POSITION SUMMARY:You will be responsible for performing financial analysis and underwriting for Commercial Real Estate loan transactions. You are expected to provide clear, concise, and accurate financial analysis and risk assessment for new and existing clients. Effectively interact and build collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.REQUIRED EDUCATION, EXPERIENCE AND SKILLS:Commercial real estate credit, commercial real estate appraisal or credit analysis experience required with expertise appropriate for the job level. T his position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to previous experience, depth and breadth of previous or current institution size.Experience in commercial real estate appraisal or credit analysis with demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans.Proficient with financial spreading softwareStrong analytical, organizational skills along with the ability to prioritize multiple projects.
Pleasant interpersonal skills and effective communication skills, both written and verbal.Occasional travel to other offices or client locations.Ability to clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the BBCRE Manager as appropriate.Bachelor's degree in business with a major in finance or accounting.DUTIES/RESPONSIBILITIES:Conduct in depth review of rent rolls, leases, income statements, CoStar, appraisal reports, environmental reports, guarantor financials, and other financial information to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.Independently prepare well written approval presentations, including what is being requested, why it is being requested, analysis of the property's market and location, the background and history of the sponsor, and key risks and mitigating factors. Such presentations should also justify assigned risk rating and show that the Bank policies, procedures, and regulations are met.Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.A network of financial and legal professionals to support the knowledge necessary for analysis.Maintain controls to ensure compliance with consumer protection regulations in a defined area of responsibility.Review third party reports such as real estate appraisals, CoStar market reports, property condition reports, environmental reports, and/or property inspections.Interact with clients when necessary to ensure receipt of financial information necessary to support the underwriting process of Commercial loans.Tier III levelIndependence in the analysis when underwriting complex transactions, thorough knowledge of accounting and legal principles relating to commercial lending.Review and approve work done by others; act as a mentor and assist in the development of commercial credit analysts and underwriters.Demonstrates ability to engage customers and ask performance related questions without guidance from Relationship ManagersWhen exceptions are proposed, appropriately mitigate them and document the rationale with supporting facts and analytics.We continually seek highly motivated and talented individuals. Our people are critical to our Company's strategy and success. In return we offer competitive compensation with our salary, bonus program, exceptional BC/BS medical, Delta dental all effective day 1, Headspace mental health support and vision insurance, 401k Company "match" dollar for dollar (100%) of the first 5% contributed into the Plan which is 100% vested right away, continuing education support and a unique opportunity with a growing, client-focused and collegial company.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!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.)