Environmental Risk & Due Diligence Lead (Commercial Lending)

DeKalb County Economic Development Corporation (DCEDC); Lake Elmo (MN); On-site; USD 60,000 - 121,000; Full time

Job summary

Old National Bank seeks an Environmental Risk Specialist to support its environmental risk management program for commercial credit transactions. You will review Phase I/II ESAs, assess liabilities, and coordinate with underwriting, portfolio management, and external consultants to mitigate risks throughout the credit lifecycle.

The role emphasizes due diligence, collaboration across departments, and ensuring compliance with policy and regulatory expectations.

Qualifications

• Bachelor’s degree in environmental science, Environmental Engineering, Geology, Hydrogeology, Chemistry, Risk Management, Finance, or a related field required
• Advanced degree in environmental, engineering, or business-related discipline preferred
• 3–7+ years of relevant experience in environmental risk management, environmental consulting, commercial real estate due diligence, commercial credit, or a related field
• Experience reviewing and interpreting Phase I and Phase II environmental reports required
• Experience supporting environmental due diligence in a commercial banking, credit, lending, or real estate finance environment preferred
• Experience with contaminated properties, remediation monitoring, and environmentally sensitive industries preferred; familiarity with ASTM environmental site assessment standards and CRE due diligence practices

Responsibilities

• Environmental Due Diligence Review for commercial real estate and lending transactions
• Review Phase I and Phase II ESAs, records reviews, regulatory reports, and remediation status
• Assess environmental consultant reports and determine need for additional investigation or risk mitigation
• Provide environmental risk guidance to underwriting, credit approval, and portfolio teams
• Recommend risk mitigation strategies including indemnifications, reserves, or remediation requirements
• Support risk assessment for problem loans with potential environmental liabilities
• Prepare environmental risk summaries for credit files and risk committees
• Maintain organized records of assessments, consultant communications, and approvals
• Stay current on environmental risk trends and regulatory developments

Skills

Environmental risk assessment

Phase I ESAs

Due diligence

Education

Bachelor’s degree

Advanced degree preferred

Tools

Phase I ESA reports

Job description

Old National Bank seeks an Environmental Risk Specialist to support its environmental risk management program for commercial credit transactions. You will review Phase I/II ESAs, assess liabilities, and coordinate with underwriting, portfolio management, and external consultants to mitigate risks throughout the credit lifecycle.

The role emphasizes due diligence, collaboration across departments, and ensuring compliance with policy and regulatory expectations.