Credit Officer In The Healthcare Specialty Segment
A Credit Officer in the Healthcare Specialty segment has the primary responsibility of underwriting and decisioning applicable segmentation lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign an appropriate asset quality rating, and decision applications with assigned lending authority in a fast-paced, high volume environment completing a detailed financial analysis to obtain a deeper understanding of an application's credit risk. A Credit Officer will collaborate with Relationship Managers, internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.
The salary range for this position is $106,100 - $214,600 per year. 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.
Key Accountabilities :
- Underwrite and decision renewals and new credit requests focusing on appropriate due diligent, risk assessment and asset quality ratings (AQR).
- Meet quality standards as outlined in ONB underwriting guidelines and policy; evaluation by Loan Review, OCC, and / or others may identify unacceptable underwriting or inaccurate asset quality ratings (AQR).
- Meet or exceed productivity expectations for annual credit approval memorandum (CAM) volume.
- Make prudent credit decisions balancing risk and growth; utilize assigned lending authority based on approval authority matrix to exercise granted authority confidently, independently via problem solving / sound decision making and with integrity.
- 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, etc.
Partner with respective Relationship Managers :
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.Partner well with associates on revenue generating sales team, support teams and others in Credit to ensure a collaborative, team, and empowered environment.Monitor Portfolio :
Accurately assign asset quality ratings (AQR).Work with assigned Relationship 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.Prepare credit data in Special Assets Assessment and Action Summary (SAAAS) and Upgrade Hurdles, as necessary, working with assigned Relationship Managers.Specialty segmentation Commercial Underwriters may monitor overlines and Treasury Management / ACH risk reports or other trends, as appropriate.Key Competencies for Position :
Compelling Communication Openly and effectively communicates with others.Makes Decisions & Solves Problems Seeks deeper understanding and takes action.Delights Clients Continuously seeks and applies knowledge leading to a best-in-class client experience.Qualifications and Education Requirements :
Bachelor's degree in finance, accounting or related field OR equivalent experience.7 -10+ years of experience required at a regional or global bank.Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements.Understands and takes appropriate action related to risks associated with lending to various types of industries.Basic knowledge of loan structuring, borrowing causes and lending regulations; 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 given the high volume, fast-paced environment.Must be able to actively listen, 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.General banking experience Commercial Credit experience preferred.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.
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!