Senior Commercial Underwriter

Old National Bank • Beachwood, OH

1d

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. A Senior Commercial Underwriter in the Specialty Healthcare segmentation. You will review work done by others; act as a mentor and assist in the development of commercial credit analysts and underwriters. You will be responsible for underwriting, large, complex lending opportunities, balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assign asset quality rating, in a fast-paced, high-volume environment. You will collaborate with Relationship Managers, internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio. We offer a wide range of possible office locations including Evansville, Cleveland, Minneapolis St Paul, Troy MI and throughout the Chicago land area.

Requirements

• Senior level of Healthcare/Senior Living Facilities Commercial Credit expertise required.
• 7 -10+ years of Commercial Credit experience required.
• Proven ability to quickly assess issues, apply credit policy, offer options and alternatives, come to an accurate and timely decision, and understand impact of decisions.
• Viewed as a resource and mentor by other Underwriters and RMs due to communication, leadership skills, and knowledge of systems (CML, loan standards, approval authorities) through extensive banking and credit 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 healthcare borrowers
• Expert skills with loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines and standards
• 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 be comfortable working in a collaborative team environment along with being an independent thinker.
• Bachelor’s degree in finance, accounting or related field

Responsibilities

• Underwrite Loans
• Focus primarily on senior housing, hospitals and ancillary medical services
• Underwrite 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 a 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.
• Partner with respective Relationship Managers
• Provide 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 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
• Monitor Portfolio
• Serve as a lead on industry analysis including industry reviews, AQR projects and others as assigned.
• 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

Benefits

• competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance
• 401K
• continuing education opportunities
• employee assistance program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior