Commercial Underwriter - ABL

Commercial Underwriter

• ABL Old National Bank vision insurance, 401(k) United States, Minnesota, St. Louis Park Apr 15, 2026 Commercial Underwriter
• ABL Job Locations US-IL-Chicago | US-MN-St Louis Park | US-IN-Indianapolis | US-TN-Nashville | US-MI-Grand Rapids Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition

ID 2026-19471

Workplace Type On Site Overview 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. Responsibilities We are growing and currently have opportunities for Commercial Underwriters for ABL. This role has the primary responsibility of underwriting lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards. You will assign an appropriate asset quality rating, in a fast-paced, high-volume environment, completing a detailed financial analysis to obtain a deeper understanding of an application's credit and collateral risk. You will collaborate with Relationship Managers, and internal support staff to provide credit expertise to underwrite and monitor the portfolio. Salary Range The salary range for this position is $60,000

• $165,100 per year plus bonus.

The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location. We are an in-office working environment with offices located at; 8750 W. Bryn Mawr Chicago (near Rosemont and the Cumberland Blue line station), St Louis Park

MN, 900 E.

96th Street Indianapolis IN, Nashville TN

• Gulch, and Grand Rapids MI.

Key Accountabilities Underwrite Loans Underwrite complex ABL transactions due to size, structure, borrower organization or collateral. Deep understanding of collateral types and attendant risks in monitoring and disposition. Underwrite credit requests focusing on appropriate due diligence including historical financials and projections, collateral performance and expected recoveries, management assessment, industry drivers and competition, risk assessment including strengths and weaknesses and assigning asset quality ratings (AQR). Meet quality standards as outlined in ONB underwriting guidelines and policy, evaluation by Loan Review, OCC, and credit approvers. Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume. Produce a high quality and accurate analysis while also not sacrificing efficiency in a fast-paced, high-volume environment juggling multiple requests while adhering to client driven response timelines. Partner with respective Relationship Managers as well as Treasury Management Partners Support and promote new business efforts through interaction with Relationship Managers, Portfolio Managers, third party due diligence providers, and Credit Officers to ensure a collaborative team and empowered environment. Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win-win solutions. Deliver exceptional internal customer service and adopt new processes and new tools, as available. Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise. Monitor Portfolio Accurately assign asset quality ratings (AQR) consistent with Policy definitions. Work as needed with assigned Portfolio Managers to monitor the credit portfolio to maintain strong asset quality; review trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default and Borrowing Base Certificate (BBC) reports and other reports as appropriate. Key Competencies for

Position Cultural Leadership:

Communication

• effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery methods. Collaboration
• actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.

Execution Leadership:

Drive and Execution

• committed to achieving established goals, overcoming obstacles, and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results; consistently achieves performance targets. Problem Solving/Decision Making
• with minimal oversight, seeks to identify what caused an issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement. Adaptability
• flexible and agile (can be a utility player); modifies behavior and approach in order to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change Technical Knowledge
• possesses the required technical knowledge to perform the role effectively; continuous learning to adopt contemporary trends or expertise; applies credit and banking expertise, industry knowledge, skills, and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge.

Client Leadership:

Client Leadership

• Puts the (internal and/or external) client in the forefront; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifying and acting upon needs, and delivering increased value Qualifications and Education Requirements Demonstrate at least 5-7 years of progressive Asset Based Finance experience within a commercial bank or finance company.

Possess excellent analytical skills to independently (with limited oversight) understand, analyze, and interpret historical and projected financial statements. Identify and mitigate whenever possible, risks associated with lending to diverse types of businesses, industries, and collateral. Ability to comply and conform to ONB lending policies, guidelines, and standards. Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly. Must be able to actively listen and quickly identify issues as well as opportunities when they arise, and problem solve in real-time to move the work accordingly. Must feel comfortable working in a collaborative team environment along with being an independent thinker. Proficient with financial projection modelling and Excel. Bachelor's degree in finance, accounting, or equivalent experience. Field Exam experience a plus. 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! Need help finding the right job? We can recommend jobs specifically for you! Click here to get started. If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)