Senior CRE Underwriter & Portfolio Risk Lead

Old National Bank; Gurnee (IL); On-site; USD 61,000 - 124,000; Full time

Job summary

Old National Bank is seeking a CRE Underwriter to manage credit risk for a diverse commercial portfolio. You will review financial analyses, assess risk, and support portfolio growth on a on-site basis in multiple markets including Chicago and Milwaukee.

The role requires 5+ years of commercial credit experience, strong financial analysis skills, and the ability to collaborate with Relationship Managers and Credit Officers to ensure credit quality and policy compliance.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
• 5+ years of commercial credit, underwriting, portfolio management, or lending experience.
• Strong financial statement analysis and credit risk evaluation skills.
• Working knowledge of commercial lending structures, documentation, and regulatory expectations.
• Ability to make sound risk-based decisions and exercise independent credit judgment.
• Strong organizational, communication, and relationship management skills.
• Ability to manage multiple priorities and deadlines within a dynamic environment.

Responsibilities

• Credit Risk Management & Decisioning: Review analyst-prepared financial analyses, annual reviews, covenant compliance assessments, and credit recommendations.
• Exercise independent credit judgment when approving risk ratings, annual reviews, portfolio management actions, and other credit decisions within authority limits.
• Escalate higher-risk transactions, policy exceptions, and complex credit matters as appropriate.
• Identify developing credit concerns and recommend corrective actions, risk mitigation strategies, or escalation when warranted.
• Maintain a thorough understanding of borrowers' financial performance, industry conditions, and evolving risk profiles.
• Portfolio Monitoring & Administration: Proactively manage exceptions, past-due reviews, documentation deficiencies, and other portfolio management requirements.
• Analyst Oversight & Workflow Management: Assign, prioritize, and oversee analyst workflow to ensure timely completion of portfolio management activities.
• Relationship & Internal Partnership: Partner with Relationship Managers to support client retention, growth initiatives, and ongoing relationship management activities.
• Compliance, Audit & Reporting: Ensure portfolio activities comply with bank policies, regulatory requirements, and established credit standards.

Skills

Credit analysis

Risk assessment

Decision making

Stakeholder mgmt

Education

Bachelor's degree in Finance, Accounting, Economics, Business, or related field

Job description

Old National Bank is seeking a CRE Underwriter to manage credit risk for a diverse commercial portfolio. You will review financial analyses, assess risk, and support portfolio growth on a on-site basis in multiple markets including Chicago and Milwaukee.

The role requires 5+ years of commercial credit experience, strong financial analysis skills, and the ability to collaborate with Relationship Managers and Credit Officers to ensure credit quality and policy compliance.