Senior Commercial Underwriter

Senior Commercial Underwriter Job Location s

US-OH-Beachwood, US-IN-Evansville, US-IL-Chicago, US-MI-Troy, US-MN-Minneapolis, US-MN-Lake Elmo, US-IL-DeKalb, US-IL-Hickory Hills, US-IL-Deerfield

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.

Job Summary

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, assigning 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 area.

Key Accountabilities

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

Key Competencies for Position

Cultural Leadership:

• Communication – effectively shares information and ideas with individuals and groups; displays organization and self‑management, tailors delivery to the audience, and selects suitable…