Commercial Underwriter - Healthcare​/Senior Living Facilities

Overview

Old National Bank is committed to serving clients and communities since 1834. The bank values social responsibility, volunteering, and charitable giving.

Competitive compensation with a salary and incentive program; benefits include medical, dental and vision insurance, 401(k), continuing education, and an employee assistance program.

Salary range for this position is $61,200/yr - $130,680/yr. This range reflects compensation for all levels across the United States.

We are looking for a Commercial Underwriter in the Specialty Healthcare Senior and Assisted Living segment. The primary responsibilities include:

• Structuring and underwriting healthcare lending opportunities, balancing risk and growth while ensuring loan structures are consistent with bank lending standards.
• Assigning an appropriate asset quality rating in a fast‑paced, high‑volume environment and completing detailed financial analyses to understand application credit risk.
• Collaborating with Relationship Managers, internal support staff, and others to provide credit expertise for underwriting and portfolio monitoring.
• Managing a portfolio of loans, performing credit analysis, spreading, covenant testing, and underwriting new credit requests, renewals, and modifications.
• Maintaining high‑quality and accurate analysis while meeting efficiency and client‑driven response timelines.

• 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 maintaining efficiency in a fast‑paced, high‑volume environment.
• Provide credit expertise using a consultative approach; assist in structuring loans applying proficient knowledge 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.
• 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.

Cultural Leadership

• Effective communication: shares information and ideas with individuals and groups; displays organization and self‑management, tailors delivery to audience, and selects suitable delivery methods.
• Collaboration:
  
  actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.

Execution Leadership

• Drive and Execution: committed to achieving established goals, overcoming obstacles and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results.
• Problem Solving/Decision Making: with minimal oversight, identifies causes of issues, incorporates input from multiple sources to ensure effective action and shared ownership; decisions are sound based on analysis, wisdom, experience and judgement.
• Adaptability: flexible and agile; modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges,…