Portfolio Monitoring and Commercial Credit Analysis C&I

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

Salary Range

           The salary range for this position is $60,000 - $165,100 per year plus a bonus. Final compensation will be determined by location, skills, experience, qualifications and the level of career at which the position is filled. 

 

UW  Tier Level

Commercial Credit  Experience Required

Tier II

3-5 Years

Tier III

5-7 Years

 

We are growing and have opportunities for Portfolio Monitoring and Underwriting C&I team. This role has the primary responsibility of managing the loan portfolio through annual credit reviews, required covenant testing, and borrowing base testing when applicable. You will assign appropriate asset quality ratings in a fast-paced, high-volume environment by completing a detailed financial analysis to obtain a deeper understanding of a borrower’s credit risk. You will collaborate with Relationship Managers and internal support staff to provide credit expertise and monitor the portfolio. 

 

We are an in-office working environment with the following locations for you to work with team members; Indianapolis, IN, 8750 W. Bryn Mawr Chicago (near Rosemont and the Cumberland Blue line station), Lincoln Park in Chicago, Hickory Hills IL, McHenry IL, Sycamore IL, Gurnee IL, Milwaukee Capital Drive, Madison, Lake Elmo St Paul, Rochester MN,Troy MI, Indianapolis 900 E. 96th at Parkwood, Louisville Market Street, and Nashville Gulch.. 

 

Key Accountabilities

Portfolio Monitoring

• Complete annual credit reviews and required covenant testing for all existing borrowers in the C&I portfolio.
• Monitor borrowing base lines of credit.  
• Accurately assign asset quality ratings (AQR).
• Work with assigned Relationship Managers to address default situations, payment delinquencies, review maturing notes, monitor the receipt of financial information, and manage other reports as required.
• Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other trends, as appropriate.

Partner with respective Relationship Managers

• Provide credit expertise using a consultative approach; 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  

Underwrite Loans (when needed)

• Underwrite credit requests focusing on appropriate due diligence, 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
• Produce 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.

Key Competencies fo