New

AVP/VP Senior Commercial Underwriter

Old Second National Bank
United States, Illinois, Downers Grove
Jul 31, 2025
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 Senior Commercial Underwriter is responsible for analyzing customer financial information and underwriting commercial loans. 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. The Senior Commercial Underwriter is responsible for performing at the highest levels of productivity, for independently and efficiently spreading the most complex and involved credits, and for resolving problems independently. Essential Job Functions Spreads and analyzes customer financial information in collaboration with commercial lenders. Is able to work independently to complete nearly all assignments. Efficiently and accurately analyzes and assigns loan ratings to credits in bank portfolio. Prepares and reviews spreadsheets for monthly exception reports. Serves as department resource regarding bank policies and external regulatory requirements as they pertain to lending. 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. Partner with Commercial Lenders to discuss and review complex credits, and make financial and covenant recommendations as appropriate. Collaborates with lenders as necessary on preparation of customer loan presentations. Contributes as requested in on-site inspection of collateral. Participate in special projects if required. Required Qualifications: AVP level: Bachelor's degree in Accounting, Finance, Business or related area of study and three or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience. VP level: Bachelor's degree in Accounting, Finance, Business or related area of study and five or more years of related experience (commercial banking, finance, credit, etc.); or equivalent combination of education and experience. Competencies- All levels Strong understanding of balance sheet, leverage, risk ratios Proficient in Microsoft Office (Word/Excel/Outlook) 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: Five years of more of related experience in credit/commercial banking strongly preferred. Completion of formal bank credit training program strongly preferred. Experience working within a change management environment. 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. Note: Job levels and hiring decisions are based upon both the business needs of the department and the qualifications of the incumbent. In some cases, an incumbent may meet the requirements of at the VP level, but may be hired in at a lower level based upon department business needs and staffing dynamics. Compensation & Benefits AVP Level Total Compensation is base pay Base Pay: $76,000 - $100,000 VP Level Total compensation is base pay and bonus Base pay: $93,888-$125,000 VP Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components. 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!