Commercial Real Estate Underwriter

Commercial Real Estate Underwriter

Old National Bank has been serving clients and communities since 1834, with more than $70 billion in total assets. We are a regional powerhouse committed to helping our clients achieve their goals while investing in our communities through volunteering and charitable giving.

US-MN-Saint Paul, US-ND-Fargo, US-MN-Minneapolis, US-WI-Eau Claire, US-MN-Saint Cloud, US-MN-Rochester, US-MN-Lake Elmo, US-MN-Maple Grove, US-MN-St Louis Park, US-IL-Chicago, US-WI-Milwaukee

We are growing and have an opportunity for a CRE Underwriter. This role is responsible for underwriting lending opportunities, balancing risk and growth, ensuring loan structures are appropriate and consistent with bank lending standards. The Senior Underwriter will assign asset quality ratings, perform detailed financial analysis, collaborate with Relationship Managers and internal support staff, and provide credit expertise in a fast‑paced, high‑volume environment.

Primary responsibility of underwriting lending opportunities, balancing risk and growth, ensuring loan structures are appropriate and compliant with bank lending standards. The Underwriter will assign appropriate asset quality ratings, collaborate with Relationship Managers, and provide credit expertise in a fast‑paced, high‑volume environment.

• Underwrite Loans
  • Focus on due diligence, risk assessment and asset quality ratings (AQR)
  • Meet quality standards per ONB underwriting guidelines and policy; evaluation may identify unacceptable underwriting or inaccurate AQR
  • Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume
  • Produce high‑quality analysis while maintaining efficiency in a fast‑paced environment
• Partner with Relationship Managers and Treasury Management Partners
  • Provide credit expertise and assist in structuring loans using ONB guidelines and standards
  • Deliver exceptional internal customer service and adopt new processes and tools as available
  • Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources
  • Partner well with revenue‑generating sales teams, support teams, and others in Credit
• Monitor Portfolio
  • Accurately assign asset quality ratings (AQR)
  • Work with assigned Relationship Managers to maintain strong asset quality; review trend analysis reports, address default situations, delinquencies, review maturing notes, and other reports as appropriate
  • Prepare credit data in SAAAS and Upgrade Hurdles as necessary
  • Monitor overlines and Treasury Management/ACH risk reports or other trends

• Cultural Leadership
  • Communication – effectively shares information, tailors delivery, and displays self‑awareness
  • Collaboration – actively seeks and maintains trusted relationships
• Execution Leadership
  • Drive and Execution – committed to goals, overcoming obstacles, learning and achieving targets
  • Problem Solving/Decision Making – identifies causes, incorporates input, and makes sound decisions
  • Adaptability – flexible, modifies behavior to handle changing business needs and client demands
  • Technical Knowledge – possesses required knowledge, continuously learns new trends, and applies credit and banking expertise
• Client Leadership
  • Delight clients by becoming a trusted advisor, establishing long‑term relationships, and delivering increased value

• 3–7 years progressive experience in CRE underwriting, commercial real estate appraisal, or commercial credit analysis
• Ability to independently analyze and interpret financial statements
• Understand and manage risks associated with lending to various industries
• Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply with ONB policies and guidelines
• Strong decision‑making and communication skills in a high‑volume, fast‑paced environment
• Collaborative team player and independent thinker
• Bachelor’s degree in finance, accounting, or equivalent experience

$83,300/yr to $177,870/yr. The base salary reflects the compensation range applicable to all levels of the role across the United…