Old National Bank · 10 hours ago
Commercial Underwriter II
US-IL-Chicago
Full-time
Onsite
Mid Level
$60K/yr - $121K/yr
3+ years expOld National Bank has been serving clients and communities since 1834. They are seeking a Commercial Underwriter who will be responsible for underwriting and decisioning lending opportunities while balancing risk and growth, ensuring loan structures meet bank standards. The role involves collaborating with Relationship Managers and conducting detailed financial analyses to assess credit risk.
BankingFinancial ServicesWealth Management
Responsibilities
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
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
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
Qualification
Required
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
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
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
Preferred
General banking experience – Commercial Credit experience preferred
Benefits
Competitive compensation with our salary and incentive program
Medical, dental, and vision insurance
401K
Continuing education opportunities
Employee assistance program
Company
Old National Bank
Old National Bank is a regional bank providing you with additional provides account choices, expanded convenience, and greater control.
1001-5000 employees
H1B Sponsorship
Old National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (5)
2023 (5)
2022 (5)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
$400M2024-11-25Post Ipo Equity· $400M
1984-12-04IPO
Leadership Team
James Sandgren
CEO - Commercial Banking
Timothy Burke
President & Chief Operating Officer
Recent News
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2026-01-22
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2026-01-20
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