Commercial Underwriter-Middle Market

Old National Bank•Minneapolis, MN

21h•Onsite

About The Position

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. We continually seek highly motivated and talented individuals as our people are critical to our success. 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.

Requirements

Bachelor’s degree in finance, accounting or related field OR equivalent experience
Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements
Understands and takes appropriate action related to risks associated with lending to various types of industries.
Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines and standards
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.
Demonstrate progressive experience within Midde Market C&I Credit required with each incremental level of responsibility
Demonstrated expertise in financial modeling, legal documentation, and complex deal structuring.
Strong understanding of market trends and regulatory frameworks across specialty segments.
General banking experience – At least five years of Middle Market C&I Credit experience

Responsibilities

Underwriter is responsible for evaluating, structuring, and underwriting complex bilateral and syndicated credit facilities for Middle Market clients across general industries.
This role requires advanced knowledge of credit risk analysis and structuring, deep understanding of legal documentation, and active participation in negotiations.
Underwriters manage a portfolio of clients with a focus on credit quality and risk mitigation, acting as internal credit experts while partnering closely with Relationship Managers and external stakeholders.
Conduct comprehensive due diligence including financial statement review, third-party reports, and industry analysis.
Build and interpret advanced financial models (e.g., cash flow lending, projection modeling).
Assess borrower risk, ownership structure, and management capabilities.
Prepare credit approval materials including opportunity memos, term sheets, and CAMs.
Develop and evaluate capital structures, sources and uses of funds, and collateral packages.
Participate in legal documentation review and negotiations, ensuring alignment with credit policy and risk appetite.
Identify risks and propose mitigants tailored to specialty segment nuances.
Monitor asset quality, covenant compliance, and financial performance of assigned clients.
Collaborate with Relationship Managers to ensure ongoing credit health and proactive risk management.
Support internal and external audits and regulatory reviews.
Serve as a subject matter expert in underwriting, providing consultative support to internal teams.
Engage with clients and legal counsel to validate business plans and transaction terms.
Partner with Treasury Management and other internal teams to support client needs.