Corporate Dev & Strat Dir

Overview

Old National Bank has been serving clients and communities since 1834. With over $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.   

 

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

We are currently seeking a Corporate Development & Strategy Director that serves in various capacities reporting to the Chief Financial Officer.  Responsible for all aspects of strategic planning support including: 1) financial evaluation of proposed Strategic initiatives, acquisitions, divestitures, etc.; 2) assistance in the coordination, development, documentation and execution of merger related activities (including preliminary assessment, diligence and integration); 3) assistance in the development and coordination of strategic initiatives including working with the various business segments to execute the overall bank strategy. This position has supervisory responsibility, both directly and in project management capacity.  Requires regular interaction with executives and the Board.

 

Key Accountabilities

Strategy and related assignments

• Work with various business segments to identify long-term strategies to drive growth and efficiencies
• Coordinate strategic efforts between external consulting firms and internal business segments, facilitate data requests and information gathering
• Assist the Chief Financial Officer in incorporating a strategic focus within the annual budget and planning process
• Provide periodic updates to Executive Management, the CEO, the President and Board of Directors on strategic initiatives
• Identifies, analyzes and monitors issues that affect profitability, growth and productivity. May also be responsible for recommending financial and non-financial strategic alternatives and developing and maintaining operational plans 

Corporate development and related assignments

• Serve as primary source of contact and support for Corporate Development for all financial and operational analysis requests, including feasibility studies for acquiring and divesting distribution platforms, merger and acquisition activity.
• Compiles and analyzes data regarding companies to be acquired
• Provide evaluation and counsel to General Counsel, CFO and CEO regarding the financial and operational impact of assigned initiatives and strategies; facilitate and/or manages roll-out of foregoing strategies as required
• Manages due diligence and facilitates use of information to develop integrated revenue/expense analyses, projections, reports and presentations regarding the impact of a merger/acquisition on the organization. Identifies trends and developments in competitive environments and presents findings to senior management.
• Assists the internal Legal and outside Legal in the negotiation of definitive merger agreements
• Interface with target bank executive management throughout M&A transaction. Lead update meetings and establish an overall timeline for process.
• Leads M&A meetings with executive team providing updates on M&A activities
• Develop presentations on areas of responsibility in support of Board and regulatory communications
• Maintain relationships with investment bankers and other financial institutions to help foster acquisition opportunities 

Key Competencies for Position

• Strategic Thinking & Execution: Focuses on larger, long-term issues and creates plans and strategies. Translates broad strategies into clear objectives and practical application of plans. Anticipates risks and devises contingency plans to manage them. At the highest levels, develops and helps drive a long-term vision that describes how to organization needs to operate now and in the future in a way