Job Application for Commercial Credit Associate at Old Second National Bank

HIRING for Spring 2027

Position Overview

The Commercial Credit Associate will develop a strong foundation in financial analysis, credit underwriting, and portfolio management experience preparing them for a future role in Commercial Banking.

During a 18–24 month rotation, the associate will receive comprehensive training in financial spreading, covenant testing, exception tracking, underwriting smaller credit facilities, appraisal and environmental and participation in ad hoc projects. Upon rotation graduation, the experience will equip the associate with the skills necessary to transition into a full-time Commercial Relationship Banker role.

Additionally, the associate may assist Commercial loan officers with renewals and other portfolio management functions.

Essential Job Functions

Credit Underwriting Functions:

The incumbent is responsible for analyzing customer financial information. The Credit Underwriter is responsible for spreading customer financial data, assigning risk ratings, participating in preparation of exception reports, and complying with company and regulatory lending guidelines.

Analyze customer financial data and assign appropriate risk ratings.
Complete and review financial spreads, borrowing base analyses and covenant tests.
Underwrite basic commercial and/or retail credit requests, producing thorough and accurate credit packages.
Collaborate with Relationship Managers to gather information for annual credit reviews.
Maintain up-to-date knowledge of underwriting guidelines, internal procedures, and regulatory requirements.
Prepare and review monthly exception reports.
Review collateral due diligence reports, determine appropriate actions, and coordinate with borrowers and Loan Servicing.
Maintain accurate documentation and participate in required meetings and training sessions.
Participate in meetings and trainings as required.

Commercial Banking Responsibilities:

Support a community banking team with portfolio management, including financial tracking, covenant testing, and term loan review preparation.
Assist Relationship Managers with client relationship management, focusing on financial analysis and risk monitoring.
Collect and review client financials to support loan renewals and approvals.
Contribute to the preparation of Credit Approval Memos (CAMs) with oversight from Credit.
Monitor and resolve collateral exceptions and track property insurance compliance.
Serve as a liaison between clients, Relationship Managers, Credit, Loan Operations, and internal/external partners.

Secondary Responsibilities:

Partner with Relationship Managers to engage clients and support portfolio management efforts.
Participate in the loan approval process by contributing to the creation of pre-flight presentations.
Attend client meetings with Relationship Managers, as appropriate.
Collaborate with Commercial Banking Assistants (CBAs) to resolve exceptions, onboard new business, and support relationship growth.

Required Qualifications

Bachelor’s degree in Accounting, Finance, Business or related area of study.
Must be able to start in Spring of 2027.

Competencies

Experience utilizing Microsoft Office (Word/Excel/Outlook)
Basic understanding of balance sheet, leverage, risk ratios
Excellent communication skills (verbal/written)
Demonstrated analytical and problem-solving skills
Time management and ability to work independently within a fast-paced environment

Preferred, but not required

Internship experience at Old Second
Prior experience underwriting commercial and/or retail credits a plus
General banking (credit/debit) knowledge
Thorough knowledge of loan documentation

Location Details

Initially this role will require onsite work. Over time, the position will allow for a hybrid schedule. 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.

Department rotations may vary and will require the incumbent to travel and work at various Old Second locations within the Greater Chicago branch network.

Compensation & Benefits

Base pay: $53,500 - $75,000

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

First Name

Last Name

Country

Phone

Resume/CV*

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf

LinkedIn Profile

Website

Old Second National Bank is a United States based employer with locations in the Greater Chicagoland area. In order to work at Old Second, you must reside within a commutable distance to work at our onsite locations; do you reside within a commutable distance to work at our onsite location?

Select...

Are you eligible to work in the United States without sponsorship?

Select...

Do you have any close relatives employed at Old Second National Bank? While not an exhaustive list, close relative is generally defined as: Spouse, Parent, Child, Grandparent, Grandchild, Sibling, Aunt, Uncle or Cousin, or anyone residing in the same household.

Select...

If you have a close relative employed at Old Second, please list their first name, last name and title.

Have you previously worked for Old Second National Bank, or a bank acquired by Old Second (ex. West Suburban, ABC Bank, etc.), or worked at Old Second as a contract worker through an employment firm, or in any other capacity?

Select...

Are you registered with the NMLS?

Select...

If registered with the NMLS, what is your NMLS number?

What is the highest level of education you have completed?

Select...

Should you be hired at Old Second, will your job at Old Second be your only job, or do you plan to have a second job at another employer?

Select...

If you plan to retain another job while working at Old Second, please provide details (Industry, title, hours, etc.)

What are your expectations for total compensation?

Select...

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Old Second National Bank - Career Opportunities’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

Gender

Select...

Are you Hispanic/Latino?

Select...

Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Veteran Status

Select...

Commercial Credit Associate

Apply for this job

Voluntary Self-Identification