Commercial Line Underwriter (Full time)

Commercial Underwriter II
Lending/Commercial/Consumer/Credit
Regular Full-Time
On Site
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
We are growing and have an opportunity for a Commercial Underwriter in the Specialty Healthcare Senior and Assisted Living segmentation. This role has the primary responsibility of structuring and underwriting healthcare lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assigning an appropriate asset quality rating in a fast-paced, high-volume environment completing a detailed financial analysis to obtain a deeper understanding of an application's credit risk. A Commercial Underwriter will collaborate with Relationship Managers ("RM"), internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.

We are an in-office culture. Structure and Underwrite Loans

• 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 also not sacrificing efficiency in a fast-paced, high volume environment juggling multiple requests while adhering to client driven response timelines, etc.

assist in structuring loans applying proficient knowledge, understanding, and application of ONB guidelines/standards/policies, risk assessment and analysis; effectively communicate risks, questions, and options to RM seeking win-win solutions.

• 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

lines of business, subject matter experts, data, policies, procedures, etc.) decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
* Adaptability - flexible and agile (can be a utility player); accepts new challenges/shifts/change in a "can-do" way; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifying and acting upon needs, and delivering increased value

Demonstrate at least 2-7 years' progressive experience within Commercial Credit experience is required with each incremental level of responsibility.

• Healthcare Underwriting with senior and assisted living facilities preferred.
• Bachelor's degree in finance, accounting or related field.
• Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements.
• Demonstrated ability to independently (with limited oversight), build out cash flows to determine borrower's overall ability to repay debt.
• Understands and takes 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.
• Proficient in excel and a firm understanding of key bank underwriting metrics.
• 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

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 are agile.