Senior Commercial Underwriter (AVP/VP Level)

Old Second Bancorp
Chicago
Workplace: HybridFull timeUSD 78,000 - 130,000 annuallyFunction: Banking, Lending & CreditExperience: 3-5 yearsEducation: bachelorsSkills: ["Communication","Analytical problem-solving","Time management"]

Underwrite complex commercial loans by analyzing customer financial information, spreading data, assigning risk ratings, and producing exception reports. Serve as a lending policy and regulatory resource, partnering with commercial lenders on joint customer calls and recommendations for financial and covenant terms. Independently resolve credit problems and support collateral inspections and loan presentation preparation, including special projects as needed.

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Old Second Bancorp
Old Second Bancorp
18 hours ago

Senior Commercial Underwriter (AVP/VP Level)

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Last checked: 13 minutes agoStatus: Live

Job Summary

Underwrite complex commercial loans by analyzing customer financial information, spreading data, assigning risk ratings, and producing exception reports. Serve as a lending policy and regulatory resource, partnering with commercial lenders on joint customer calls and recommendations for financial and covenant terms. Independently resolve credit problems and support collateral inspections and loan presentation preparation, including special projects as needed.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit

Key Responsibilities

  • •Spread and analyze customer financial information in collaboration with commercial lenders, working independently to complete most assignments.
  • •Analyze and assign loan ratings for credits in the bank portfolio efficiently and accurately.
  • •Prepare and review spreadsheets for monthly exception reports.
  • •Serve as a resource on bank policies and external regulatory requirements related to lending.
  • •Partner with commercial lenders on complex credits and customer calls, including recommendations for financial and covenant terms and contributing to loan presentations and collateral inspections.

Pay and Benefits

Salary: USD 78,000 - 130,000 annually

Key Requirements

  • •For AVP: Bachelor’s degree in Accounting, Finance, Business, or related field plus 3+ years of related experience (commercial banking/finance/credit) or equivalent education and experience.
  • •For VP: Bachelor’s degree in Accounting, Finance, Business, or related field plus 5+ years of related experience (commercial banking/finance/credit) or equivalent education and experience.
  • •Strong understanding of balance sheet, leverage, and risk ratios.
  • •Proficiency in Microsoft Office (Word/Excel/Outlook).
  • •Excellent verbal and written communication, analytical/problem-solving skills, and strong time management in a fast-paced environment.
Experience:3-5 yearsCommercial bankingCreditFinanceLending
Education:Bachelor's in Accounting, Finance, Business
Skills:CommunicationAnalytical problem-solvingTime management
Tech Stack:Microsoft OfficeWordExcelOutlook

Company Brief

Old Second Bancorp
Community-focused bank holding company providing commercial, consumer, and wealth management services through Old Second National Bank. Serves businesses and individuals across Illinois with deposit, lending, treasury management, and digital banking solutions.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 100M to 250M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Aurora, United States
Founded: 1871
WebsiteLinkedIn