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COMMERCIAL CREDIT ASSOCIATE
Job Number : 15547
Job Location :  Madison, WI
Job Category : Lending/Commercial/Consumer/Credit
Job Type : Full Time
 

Old National Bank was established in 1834. Today we are the largest financial services holding company headquartered in Indiana. We provide an array of services to our clients which include Retail Banking, Investments, and Wealth Management. At Old National we believe that by helping our associates balance work life with home life, we create a more productive workforce and a stronger company.

 

In 2019, Ethisphere Institute announced Old National Bank as one of the World’s Most Ethical Companies for the eighth consecutive year.

 

Old National Bank has an opportunity for a Commercial Credit Associate in Madison, WI.  The primary purpose of the Commercial Credit Associate is to assist the Portfolio Managers in the timely completion of credit requests for commercial and corporate loan requests and with ongoing portfolio management.  This is an entry-level position into the Commercial Credit Department.

 

Primary Responsibilities:

  • Accurately spread financial statements into Moody’s Financial Analyst database.  Identify and communicate issues regarding the financial statements and other source documents to the Portfolio Manager.

  • Prepare financial statement trend reports, extended ratio analysis sheets, and other analysis to assist Portfolio Managers in identifying and evaluating the need for migration of credit risk grades.

  • Assist Portfolio Managers in the early identification and proactive management of deteriorating credit and other problems.

  • Prepare credit approval materials for annual client reviews, and ensure risk ratings are accurate.

  • Calculate loan covenant requirements.  Assist Portfolio Managers with the analysis, preparation, and approval for all required waivers and amendments.

  • Verify borrowing base information.

  • Provide Experion client searches, personal credit reports, and industry reports as part of the due diligence of new loan requests.

  • Work closely with the Portfolio Managers to ensure the accuracy of credit system data.

  • Demonstrate knowledge and understanding of the bank’s credit policies and procedures.

 

Qualifications:

  • Bachelor’s degree in business, accounting, finance, or economics.

  • Basic understanding of financial statements and financial statement analysis.

  • Basic understanding of formal writing, which would include organization of materials, presentation skills, grammatical structure and accuracy, syntax and vocabulary, and an ability to construct coherent sentences and paragraphs.  Technical financial writing experience preferred.

  • Able to handle multiple tasks and meet deadlines.  Must possess a sense of urgency.

  • Proficient in Microsoft Word and Excel.

 

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 Talent Development Team Lead, VP, to fill a specific position.



 
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