Commercial Credit Underwriter II

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 The Commercial Underwriter II is responsible for analyzing customer financial information. 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. In addition, this role may assist loan officers with renewals and other portfolio management functions. The Commercial Underwriter II is responsible for an increased level of performance. This role performs at high levels of productivity, reviews a blend of small to increasing larger credits, independently and efficiently underwrites complex credits, and resolves problems independently. Essential Job Functions Accurately completes and reviews financial spreads and covenant testing. Performs basic underwriting, producing thorough and accurate analytical packages that include all relevant risks, trends and industry information. Collaborates with Relationship Managers, to gather and compile information for annual reviews with senior management. Serves as department resource regarding bank policies and external regulatory requirements as they pertain to lending. Analyzes and assigns loan ratings to credits in bank portfolio. Develops a thorough understanding of bank policies and external regulatory requirements. Prepares and reviews monthly exception reports. Reviews collateral due diligence reports. 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. Collaborates with lenders as necessary on preparation of customer loan presentations. Participate in meetings and trainings as required. Required Qualifications Bachelor’s degree in Accounting, Finance, Business or related area of study and two or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience. Competencies Proficient in Microsoft Office (Word/Excel/Outlook) Intermediate understanding of balance sheet, leverage, risk ratios 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: Three to five years underwriting experience preferred Experience underwriting large and/or complex commercial credits Specialty lending underwriting. 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. Actual schedule requirements may vary based upon business needs. Compensation & Benefits Base pay: $62,000.00 - $83,000 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!