Old Second National Bank

Old Second National Bank

VP/ 1st VP/ SVP Relationship Manager, O2 Sponsor Finance

Chicago, Illinois, United States · Vp

Sponsorship not specified$150k-$215kDetected 23 days ago
AccountingBudgetingExcelResearchLeadershipCommunicationCollaborationProblem SolvingTime ManagementMicrosoft OfficeUnderwriting

About the role

  • Primary responsibility is to bring in quality new business relationships and attain or surpass funding and fee goals.
  • Visiting and calling on their specific sponsor relationships is a crucial part of their responsibilities.
  • Reviews models and analyzes financial information in collaboration with sponsor finance relationship managers (RM's) and Associates and O2 Sponsor Finance loan and collateral operations.

Responsibilities

  • Calls on PE sponsors and others to drive pipeline and new business opportunities. Primary responsibility is to bring in quality new business relationships and attain or surpass funding and fee goals.
  • Partner with O2 Sponsor Finance PM's and Associates to discuss and review complex credits and make financial and covenant recommendations as appropriate.
  • How We Support You - Old Second

Requirements

  • 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.)
  • 1stVP/SVP Levels: Bachelor's degree in Accounting, Finance, Business or related area of study and seven or more years of related experience (commercial banking, finance, credit, etc.)
  • Strong understanding of cash flow lending including analyzing debt service, leverage, and balance sheet.
  • Time management and ability to work within a fast-paced environment.
  • Related experience in credit/commercial banking

Nice to have

  • Old Second is committed to fair and equitable pay practices.
  • Completion of formal bank credit training program
  • Experience working within a change management environment.
  • Sponsor Finance cash flow lending experience.
  • Preferred, but not required:

Compensation

  • Dependent upon job level, base pay ranges from $150,000 - $215,000.
  • Officer Bonus Incentives: Eligible to participate in the annual Sponsor Finance Incentive Pool Program.
  • Total Compensation Potential (Base & Bonus): $250,000 - $365,000.
  • Old Second is committed to fair and equitable pay practices.
  • Eligible to participate in the annual Sponsor Finance Incentive Pool Program.

Benefits

  • The Wacker location offers access to the building's gym and golf simulator

Company info

  • 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 O2 Sponsor Finance Relationship Manager is primarily responsible for generating quality new business relationships for O2 Sponsor Finance per set annual funding goals.
  • 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!
  • This role is also responsible for preparing, reviewing and analyzing prospect and customer financial information and underwriting sponsor finance LBO's, recapitalizations & refinance opportunities.
  • This individual is responsible for working with PM's and Associates in modeling financial data, assigning and defending risk ratings, reviewing and analyzing quality of earnings reports, field exams, participating in preparation and resolution of exception reports, and complying with company and regulatory lending guidelines.
  • The incumbent is responsible for performing at the highest levels of productivity, for independently and efficiently analyzing the most complex and involved credits, and for resolving problems independently.
  • This person will also be tasked with training and educating others on the team on cash flow lending.
  • Being a good teacher is a key component of this job.
  • Essential Job Functions
  • Reviews models and analyzes financial information in collaboration with sponsor finance relationship managers (RM's) and Associates and O2 Sponsor Finance loan and collateral operations. When necessary, is also able to work independently to complete most assignments.
  • Provides leadership (and reviews) in underwriting and analyzing funded private equity firms, independent sponsors, wealthy family offices, and mezzanine providers.
  • Efficiently and accurately analyzes and assigns loan ratings to existing and prospective credits. Reviews and analyzes and presents additional commentary during monthly O2 Sponsor Finance portfolio reviews and overall portfolio reporting. Reviews and analyzes base case and downside 5-year borrower projections.
  • Reviews and works with Associates to ensure clearance of all monthly exception reports of all types.
  • Serves as department resources regarding bank policies and external regulatory requirements as they pertain to lending.
  • Proactively partners with O2 Sponsor Finance RM's and Associates to go on joint prospect/customer calls to further develop their credit and sales skills and/or serves in a leadership role to help develop and educate less experienced PM's and Associates. Job includes travel typically once ever other week.
  • Collaborates with PM's and Associates on preparation of customer loan presentations.
  • Provides oversite for preparation of summary pre-flight write-ups including preparation of O2 Sponsor Finance Quick Models and fully underwritten credit committee presentations.
  • Participates in special projects as required including but not limited to monthly portfolio reporting, annual budgeting, overall summary PowerPoint on O2 Sponsor Finance, industry competitive information gathering, industry research, etc.

Visa & Work Authorization

  • Visiting and calling on their specific sponsor relationships is a crucial part of their responsibilities.
  • Reviews models and analyzes financial information in collaboration with sponsor finance relationship managers (RM's) and Associates and O2 Sponsor Finance loan and collateral operations.
  • Reviews and analyzes and presents additional commentary during monthly O2 Sponsor Finance portfolio reviews and overall portfolio reporting.
  • Provides oversite for preparation of summary pre-flight write-ups including preparation of O2 Sponsor Finance Quick Models and fully underwritten credit committee presentations.
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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.