Commercial Underwriter II

Old National Bank•Minneapolis, MN

3d•$61,200 - $130,680•Onsite

About The Position

Old National Bank is seeking a Commercial Underwriter for its Specialty Healthcare Senior and Assisted Living segmentation. This role is responsible for structuring and underwriting healthcare lending opportunities, balancing risk and growth, ensuring loan structures align with bank standards, and assigning appropriate asset quality ratings. The position involves detailed financial analysis in a fast-paced, high-volume environment and collaboration with Relationship Managers and internal staff to provide credit expertise for underwriting and portfolio monitoring.

Requirements

At least 2-7 years of progressive experience within Commercial Credit.
Healthcare Underwriting with senior and assisted living facilities is preferred.
Bachelor’s degree in finance, accounting, or related field.
Demonstrated ability to independently understand, analyze, and interpret financial statements with limited oversight.
Demonstrated ability to independently build out cash flows to determine borrower’s overall ability to repay debt with limited oversight.
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.
Proficient 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.
Ability to actively listen, quickly identify issues and opportunities, and problem-solve in real-time.
Comfortable working in a collaborative team environment and being an independent thinker.

Nice To Haves

Healthcare Underwriting with senior and assisted living facilities

Responsibilities

Structure and Underwrite Loans, focusing primarily on senior housing, hospitals, and ancillary medical services.
Manage the portfolio, including credit analysis, spreading, covenant testing, and underwriting new credit requests, renewals, and modifications.
Ensure due diligence, risk assessment, and asset quality ratings are appropriate.
Meet quality standards outlined in ONB underwriting guidelines and policy.
Produce high-quality and accurate analysis efficiently in a fast-paced, high-volume environment, managing multiple requests and adhering to client-driven timelines.
Partner with respective Relationship Managers to provide credit expertise and structure loans.
Apply knowledge of ONB guidelines, standards, policies, risk assessment, and analysis.
Effectively communicate risks, questions, and options to RMs to seek win-win solutions.
Develop and enhance knowledge of assigned segmentation and portfolio using internal and external resources.
Collaborate with associates on the revenue-generating sales team, support teams, and others in Credit.
Accurately assign asset quality ratings (AQR).
Work with assigned RMs to monitor the credit portfolio and maintain strong asset quality.
Review quarterly trend analysis reports, address default situations, delinquencies, maturing notes, receipt of financial information, covenant default and Borrowing Base Certificate (BBC) reports, and other relevant reports.
Prepare cash flows and monitor key metrics for quarterly presentations to ONB’s executive team and internal reviewers during Healthcare Portfolio Review meetings.