Commercial Underwriter - Healthcare /Senior Living Facilities

Overview Old National Bank is committed to serving clients and communities since 1834. The bank values social responsibility, volunteering, and charitable giving. Competitive compensation with a salary and incentive program; benefits include medical, dental and vision insurance, 401(k), continuing education, and an employee assistance program. Responsibilities Salary range for this position is $61,200/yr - $130,680/yr. This range reflects compensation for all levels across the United States. We are looking for a Commercial Underwriter in the Specialty Healthcare Senior and Assisted Living segment. The primary responsibilities include: Structuring and underwriting healthcare lending opportunities, balancing risk and growth while ensuring loan structures are consistent with bank lending standards. Assigning an appropriate asset quality rating in a fast‑paced, high‑volume environment and completing detailed financial analyses to understand application credit risk. Collaborating with Relationship Managers, internal support staff, and others to provide credit expertise for underwriting and portfolio monitoring. Managing a portfolio of loans, performing credit analysis, spreading, covenant testing, and underwriting new credit requests, renewals, and modifications. Maintaining high‑quality and accurate analysis while meeting efficiency and client‑driven response timelines. Key Accountabilities Focus primarily on senior housing, hospitals and ancillary medical services. Portfolio management, credit analysis, spreading, covenant testing, and underwriting new credit requests, renewals and modifications focusing on appropriate due diligence, risk assessment and asset quality ratings (AQR). Meet quality standards as outlined in ONB underwriting guidelines and policy. Produce high quality and accurate analysis while maintaining efficiency in a fast‑paced, high‑volume environment. Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win‑win solutions. Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise. Partner well with associates on revenue‑generating sales team, support teams and others in Credit to ensure a collaborative, team and empowered environment. Accurately assign asset quality ratings (AQR). Work with assigned RMs to monitor the credit portfolio to maintain strong asset quality; review quarterly trend analysis reports, address default situations, delinquencies, review maturing notes, receipt of financial information, review covenant default and Borrowing Base Certificate (BBC) reports and other reports as appropriate. Prepare cash flows and monitor key metrics to present quarterly to ONB's executive team and internal reviewers as part of the Healthcare Portfolio Review meetings. Key Competencies for Position Cultural Leadership Effective communication: shares information and ideas with individuals and groups; displays organization and self‑management, tailors delivery to audience, and selects suitable delivery methods. Collaboration: actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives. Execution Leadership Drive and Execution: committed to achieving established goals, overcoming obstacles and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results. Problem Solving/Decision Making: with minimal oversight, identifies causes of issues, incorporates input from multiple sources to ensure effective action and shared ownership; decisions are sound based on analysis, wisdom, experience and judgement. Adaptability: flexible and agile; modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges, shifts or change in a "can‑do" way; focuses on the beneficial aspects of change. Technical Knowledge: possesses the required technical knowledge to perform effectively; continuous learning to adopt new trends or expertise; applies credit and banking expertise, industry knowledge, skills and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge. Client Leadership Client Leadership: puts the client in the forefront; strives to delight clients/partners by becoming a trusted advisor, establishes long‑term productive relationships by viewing and understanding outcomes and operations through the eye of the client, identifying and acting upon needs, and delivering increased value. Qualifications and Education Requirements At least 2‑7 years of progressive experience in Commercial Credit; each incremental level of responsibility. Healthcare underwriting experience with senior and assisted living facilities is preferred. Bachelor's degree in finance, accounting or a related field. Ability to independently understand, analyze and interpret financial statements. Ability to independently build cash flows to determine borrower’s overall ability to repay debt. Understanding and appropriate action related to risks associated with lending to healthcare borrowers. Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply with and conform to ONB lending policies, guidelines and standards. Proficiency in Excel and a firm understanding of key bank underwriting metrics. Ability to make sound independent decisions and communicate them clearly and effectively to internal/external clients quickly in a high‑volume, fast‑paced environment. Active listening, quick identification of issues and opportunities, problem solving in real time to move work accordingly. Comfortable working in a collaborative team environment while being an independent thinker. Key Measures of Success / Key Deliverables Meet or exceed CAM production expectations. Ensure acceptable quality and accuracy of work as assessed by loan review, OCC, and/or management. Maintain strong asset quality demonstrating sound underwriting and credit monitoring. Contribute to the bank's financial success by achieving targets for credit quality and supporting the bank's growth goals. Equal Opportunity Employment Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position. Our culture is firmly rooted in our core values: optimistic, collaborative, inclusive, agile, ethical. We are Old National Bank. Join our team! #J-18808-Ljbffr Old National Bank