Role OverviewWe are seeking a Commercial Underwriter III in the Specialty Healthcare Senior and Assisted Living segmentation. This role has the primary responsibility of structuring and underwriting healthcare lending opportunities balancing risk and growth ensuring loan structures are appropriate and consistent with bank lending standards, assigning an appropriate asset quality rating in a fast-paced, high-volume environment completing a detailed financial analysis to obtain a deeper understanding of an application’s credit risk. A Commercial Underwriter will collaborate with Relationship Managers (“RM”), internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.
What You Will Do
Structure and underwrite loans, partner with Relationship Managers, and monitor portfolio. Key accountabilities include structuring and underwriting loans, meeting quality standards, producing high-quality and accurate analysis, partnering with associates, and monitoring portfolio.
Why It Might Be a Fit
We are looking for a highly motivated and talented individual with at least 3-7 years of progressive experience within Commercial Credit experience, healthcare underwriting experience, and a bachelor’s degree in finance, accounting, or a related field.
Requirements
- At least 3-7 years of progressive experience within Commercial Credit experience
- Healthcare Underwriting experience required; senior and assisted living facilities preferred
- Bachelor’s degree in finance, accounting or related field
- Demonstrated ability to independently understand, analyze and interpret financial statements
- Demonstrated ability to independently build out cash flows to determine borrower’s overall ability to repay debt
- Understanding and taking 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
Benefits
- Competitive compensation with salary and incentive program
- Medical, dental, and vision insurance
- 401K
- Continuing education opportunities
- Employee assistance program
- Impact Network Groups
- Unique opportunity to join a growing, community and client-focused company
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