Job summary
Job post source
This job is directly from Old National Bank
Job overview
The Special Assets Officer at Old National Bank manages troubled loan portfolios to mitigate risk and maximize recovery, playing a key role in the bank's credit division.
Responsibilities and impact
The officer reviews problem assets, assesses bank leverage, develops workout strategies, manages client relationships, meets collection goals, reports to senior management, and handles sensitive client communications professionally.
Compensation and benefits
The salary range is $60,000 to $121,300 annually, with compensation based on location, skills, and experience; benefits include medical, dental, vision insurance, 401K, continuing education, and employee assistance programs.
Experience and skills
Requires minimum three years in commercial lending, workout, or collections, preferably with large commercial CRE and C&I credits; strong negotiation, organizational, communication skills, and ability to meet deadlines are essential; associates degree or equivalent experience required.
Career development
Opportunities include continuing education and skill development through coaching and knowledge sharing within the Special Assets Department.
Work environment and culture
Old National Bank fosters an inclusive, collaborative, ethical, and agile culture rooted in core values, emphasizing diversity, community involvement, and employee engagement through Impact Network Groups.
Company information
Old National Bank is a regional bank with over $70 billion in assets, established in 1834, focused on community service, social responsibility, and client success.
Team overview
The Special Assets Officer works under the Credit Division, collaborating with senior management and various professionals to manage troubled loans and achieve department goals.
Job location and travel
This in-office position can be based in multiple Midwest locations including Evansville IN, Chicago IL, St Louis Park MN, Indianapolis IN, Troy MI, Nashville TN, and Louisville KY.
Unique job features
The role involves managing a dynamic portfolio of troubled loans with a focus on strategic workout solutions and maintaining the bank's reputation through tactful client communication.
Company overview
Old National Bank is a regional bank headquartered in Evansville, Indiana, offering a range of financial services including personal and business banking, wealth management, and mortgage services. Founded in 1834, it has grown through strategic acquisitions and organic growth to become one of the largest banks in the Midwest. The bank generates revenue through interest income from loans, fees for services, and investment income. Notably, Old National Bank emphasizes community involvement and corporate responsibility, making it a significant player in local economic development.
How to land this job
Position your resume to showcase your commercial lending and workout experience, emphasizing your ability to manage troubled loan portfolios and mitigate risk, which aligns directly with Old National Bank's Special Assets Officer role.
Highlight your skills in financial analysis, negotiation, and collateral evaluation, as well as your capability to communicate complex situations tactfully and professionally, reflecting the job's focus on client relationship management and risk resolution.
Apply through multiple platforms including Old National Bank's official career site and LinkedIn to maximize your exposure and ensure your application reaches the right talent acquisition teams.
Connect with current employees in the Credit Division or Special Assets Department at Old National Bank on LinkedIn; use ice breakers like commenting on recent community engagement initiatives by the bank or expressing interest in their approach to managing commercial credit challenges.
Optimize your resume for ATS by incorporating keywords from the job description such as 'commercial lending,' 'portfolio management,' 'financial statement analysis,' 'negotiation skills,' and 'risk mitigation' to improve your chances of passing initial screenings.
Leverage Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple relevant application channels, and find LinkedIn connections to network with, allowing you to focus more on preparing for interviews and refining your skills.
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