Commercial Credit Underwriter II

Old Second Bancorp
Chicago
Workplace: HybridFull timeUSD 62,000 - 83,000Function: Banking, Lending & CreditExperience: 2+ yearsEducation: bachelorsSkills: ["Communication","Analytical thinking","Problem-solving","Time management"]

Analyze customers’ financial information and spread data to assign risk ratings, perform covenant testing, and produce thorough underwriting packages for small to complex commercial credits. Review exception reports and collateral due diligence, and deepen understanding of bank policies and regulatory lending requirements. Partner with Relationship Managers and Commercial Lenders, including joint customer calls, to develop credit and sales skills, and assist with renewals and portfolio management when needed.

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Old Second Bancorp
Old Second Bancorp
2 days ago

Commercial Credit Underwriter II

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Source: Company careers pageValidated by: Fursa AI
Last checked: 9 hours agoStatus: Live

Job Summary

Analyze customers’ financial information and spread data to assign risk ratings, perform covenant testing, and produce thorough underwriting packages for small to complex commercial credits. Review exception reports and collateral due diligence, and deepen understanding of bank policies and regulatory lending requirements. Partner with Relationship Managers and Commercial Lenders, including joint customer calls, to develop credit and sales skills, and assist with renewals and portfolio management when needed.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Accurately complete and review financial spreads and perform covenant testing.
  • •Perform basic underwriting and produce thorough analytical packages covering relevant risks, trends, and industry information.
  • •Collaborate with Relationship Managers to gather and compile information for annual reviews with senior management.
  • •Analyze and assign loan ratings to credits in the bank portfolio, while developing understanding of bank policies and regulatory requirements.
  • •Prepare and review monthly exception reports and review collateral due diligence reports.

Pay and Benefits

Salary: USD 62,000 - 83,000

Key Requirements

  • •Bachelor’s degree in Accounting, Finance, Business, or a related field plus 2+ years of related experience in commercial banking, finance, or credit; or equivalent education and experience.
  • •Intermediate understanding of balance sheet, leverage, and risk ratios.
  • •General banking (credit/debit) knowledge.
  • •Excellent verbal and written communication skills.
  • •Demonstrated analytical and problem-solving skills with strong time management in a fast-paced environment.
Experience:2+ yearsCommercial bankingCredit underwriting
Education:Bachelor's
Skills:CommunicationAnalytical thinkingProblem-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