Senior Commercial Underwriter (AVP/VP Level) at Old Second National Bank in Aurora, Illinois, United States; Chicago, Illinois, United States; Downers Grove, Illinois, United States

Job description

• This Senior Commercial Underwriter is responsible for analyzing customer financial information and underwriting commercial loans. This individual is responsible for spreading customer financial data, assigning risk ratings, participating in preparation of exception reports, and complying with company and regulatory lending guidelines.
• The Senior Commercial Underwriter is responsible for performing at the highest levels of productivity, for independently and efficiently spreading the most complex and involved credits, and for resolving problems independently.

Responsibilities

• Spreads and analyzes customer financial information in collaboration with commercial lenders. Is able to work independently to complete nearly all assignments.
• Efficiently and accurately analyzes and assigns loan ratings to credits in bank portfolio.
• Prepares and reviews spreadsheets for monthly exception reports.
• Serves as department resource regarding bank policies and external regulatory requirements as they pertain to lending.
• Proactively partners with Commercial Lenders to go on joint customer calls in order to develop credit and sales skills and/or serves in a leadership role to help develop and educate less experienced analysts.
• Partner with Commercial Lenders to discuss and review complex credits and make financial and covenant recommendations as appropriate.
• Collaborates with lenders as necessary on preparation of customer loan presentations.
• Contributes as requested in on-site inspection of collateral.
• Participate in special projects if required.

Requirements

• Bachelor’s degree in Accounting, Finance, Business or related area of study and three or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience.
• Bachelor’s degree in Accounting, Finance, Business or related area of study and five or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience.
• Strong understanding of balance sheet, leverage, risk ratios
• Proficient in Microsoft Office (Word/Excel/Outlook)
• General banking (credit/debit) knowledge
• Excellent communication skills (verbal/written)
• Demonstrated analytical and problem solving skills
• Time management and ability to work within a fast paced environment
• Five years of more of related experience in credit/commercial banking strongly preferred.
• Completion of formal bank credit training program strongly preferred.
• Experience working within a change management environment.

Skills

Required

• General banking (credit/debit) knowledge

Benefits

• Benefits: How We Support You - Old Second
• AVP Level: $78,000 - $110,000
• VP Level: $96,000 - $130,000
• Officer Bonus Eligible at VP Level: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components.
• Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.