Senior Commercial Underwriter (AVP/VP Level)

Old Second National Bank; Chicago (IL); Hybrid; USD 78,000 - 130,000; Full time

Benefits offered by this job

Annual bonus eligibility

Hybrid work model

Competitive compensation

Job summary

Old Second National Bank is seeking a Senior Commercial Underwriter (AVP/VP level) to analyze financial data and underwrite commercial loans. The role involves spreading complex credits, assigning risk ratings, and preparing exception reports in a hybrid Chicago-area setting.

Qualified candidates have a Bachelor's in Accounting/Finance/Business plus 3+ years (AVP) or 5+ years (VP) of related experience. Strong analytical, communication, and banking knowledge are essential for success.

Qualifications

• Bachelor's degree in Accounting, Finance, or related area.
• Three or more years of related experience for AVP or five or more for VP.
• Equivalent combination of education and experience.

Responsibilities

• Spread and analyze customer financial information with lenders.
• Assign loan ratings to credits in the bank portfolio.
• Prepare and review spreadsheets for monthly exception reports.

Skills

Balance sheet analysis

MS Office

Banking knowledge

Communication skills

Analytical thinking

Time management

Education

Bachelor's degree in Accounting, Finance, or Business

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

Who We Are

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

Position Overview

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.

Essential Job Functions

• 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.

Required Qualifications:

AVP level:

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.

VP level:

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.

Competencies - All levels:

• 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

Preferred, but not required:

• 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.

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Onsite work may occur at the Chicago (Wacker), Downers Grove (Highland Ave) or Aurora (Main) location. Actual schedule requirements may vary based upon business needs.

Compensation & Benefits

Base pay:

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.

Benefits:

How We Support You - Old Second

Thanks for considering Old Second!