Commercial Underwriter III - Healthcare/ Sr Living Facilities

Old National Bank•Nashville, TN

13d•$61,200 - $165,100•Onsite

About The Position

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

Requirements

At least 3-7 years of progressive experience within Commercial Credit, with each incremental level of responsibility.
Healthcare Underwriting experience required.
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.
Must be able to make sound independent decisions and communicate those decisions clearly and effectively to the internal/external client quickly given the high volume, fast-paced environment.
Must be able to actively listen, quickly identify issues as well as opportunities when they arise, and problem-solve in real-time to move the work accordingly.
Must feel comfortable working in a collaborative team environment along with being an independent thinker.

Nice To Haves

Senior and assisted living facilities preferred.

Responsibilities

Structure and Underwrite Loans, focusing primarily on senior housing, hospitals, and ancillary medical services.
Underwrite new credit requests, renewals, and modifications, focusing on due diligence, risk assessment, and asset quality ratings (AQR).
Meet quality standards outlined in ONB underwriting guidelines and policy.
Produce high-quality and accurate analysis efficiently in a fast-paced, high-volume environment, juggling multiple requests while adhering to client-driven response timelines.
Partner with respective Relationship Managers, providing credit expertise using a consultative approach.
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 RMs, 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 the 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.
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.