Commercial Underwriter - ABL

• Underwrite complex ABL transactions due to size, structure, borrower organization or collateral.
• Deep understanding of collateral types and attendant risks in monitoring and disposition.
• Underwrite credit requests focusing on appropriate due diligence including historical financials and projections, collateral performance and expected recoveries, management assessment, industry drivers and competition, risk assessment including strengths and weaknesses and assigning asset quality ratings (AQR).
• Meet quality standards as outlined in ONB underwriting guidelines and policy, evaluation by Loan Review, OCC, and credit approvers.
• Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
• 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.

• Support and promote new business efforts through interaction with Relationship Managers, Portfolio Managers, third party due diligence providers, and Credit Officers to ensure a collaborative team and empowered environment.
• 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.

• Accurately assign asset quality ratings (AQR) consistent with Policy definitions.
• Work as needed with assigned Portfolio 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.

• Communication – effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery methods.
• Collaboration – actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.

• Drive and Execution - committed to achieving established goals, overcoming obstacles, and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results; consistently achieves performance targets.
• Problem Solving/Decision Making – with minimal oversight, seeks to identify what caused an issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
• Adaptability – flexible and agile (can be a utility player); modifies behavior and approach in order to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change
• Technical Knowledge – possesses the required technical knowledge to perform the role effectively; continuous learning to adopt contemporary trends or expertise; applies credit and banking expertise, industry knowledge, skills, and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge.

• Client Leadership - Puts the (internal and/or external) client in the forefront; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifying and acting upon needs, and delivering increased value

• Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.
• Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements.
• Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral.
• 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.
• Must be able to actively listen and 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.
• Proficient with financial projection modelling and Word processing software.
• Bachelor’s degree in finance, accounting, or equivalent experience. Field Exam experience a plus.

Old National Bank