SBA Underwriter

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.

Salary Range

The salary range for this position is $51,700 - $121,300 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

We are currently seeking a SBA Underwriter. Level of position will depending on the skills and experience of the candidate

Key Accountabilities

SBA Credit Underwriting

Underwrites loans with aggregate credit exposure based on complexity limits.
• Compiles, analyzes, and documents loan data and credit risk, borrower and property information, and coordinates activity in support of credit approval process.
• Investigates credit standards and determines credit worthiness and understands financial statements and reports for specific area of business.
• Performs research and analysis related to loan projects, such as industry studies and management reports, when necessary.

Senior SBA Credit Underwriting

• Analyzes most complex financial and credit information for larger commercial business or high net worth customer loans according to business unit standards.
• Underwrites high net worth loans with higher aggregate credit exposure and may manage a more complex portfolio and customer base.
• Negotiates loan provisions, when needed.
• Mentors or reviews analysis of less experienced underwriters

Skills and Qualifications

• Four-year degree with concentration in Finance, Accounting or Economics
• 4+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
• Competence in formal writing, organizational abilities of material, presentation skills, grammatical structure and accuracy, syntax and vocabulary; an ability to construct coherent sentences and paragraphs; technical financial writing experience is a plus.
• Ability to make decisions independently in areas that may not necessarily be clearly defined.
• Ability to successfully manage multiple tasks/projects and deadlines in an independent manner.
• Strong analytical skills with high attention to detail and accuracy
• Demonstrates a strong desire to be an effective member of a team. Characteristics include reliability, accountability, strong interpersonal and communication skills, as well as a willingness to assist others.

Skills and Qualifications for Sr Position

• 6+ years of experience in one of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking or capital markets
• Advanced knowledge of SBA 7a loan documentation and credit collateral procedures desired
• Advanced knowledge of SBA Standard Operating Procedures desired
• Prior SBA training through National Association of Guaranteed Lending (NAGGL) desired

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile.

We are ethical. We are Old National Bank. Join our team!