Commercial Underwriter CRE

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

Position may be hired in as a Commercial Underwriter II, or III.  Depending on skills and qualifications.  

 

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.  

 

Salary Range

The salary range for this position is $81,700 - $165,100 per year. Final salary will be determined based on factors such as location, experience, skills and qualifications.

 

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. This 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 software

• Strong 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.