Commercial Underwriter - Healthcare /Senior Living Facilities

Responsibilities

• Salary Range: $61,200/yr. - $130,680/yr.
• Primary Responsibility: 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.
• Collaboration: Collaborate with Relationship Managers (“RM”), internal support staff, and others to provide credit expertise to underwrite and monitor the portfolio.
• Key Accountabilities: Structure and Underwrite Loans, Portfolio Management, Credit Analysis, Spreading, Covenant Testing, and Underwriting New Credit Requests, Renewals, and Modifications.
• Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise; applies credit and banking expertise, industry knowledge, skills and abilities to demonstrate and sustain a depth and breadth of applicable technical underwriting knowledge.

Requirements

• Experience: At least 2-7 years’ progressive experience within Commercial Credit experience is required with each incremental level of responsibility. Healthcare Underwriting with senior and assisted living facilities preferred.
• Education: Bachelor’s degree in finance, accounting or related field.
• Financial Analysis: Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements. Demonstrated ability to independently (with limited oversight), build out cash flows to determine borrower’s overall ability to repay debt.
• Risk Assessment: Understands and takes appropriate action related to risks associated with lending to healthcare borrowers.
• Structuring and Regulations: Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply with and conform to ONB lending policies, guidelines and standards.
• Excel Proficiency: Proficient in excel and a firm understanding of key bank underwriting metrics.
• Decision Making: Ability 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.
• Listening and Problem Solving: 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.
• Team Environment: Must feel comfortable working in a collaborative team environment along with being an independent thinker.

Qualifications

• Client Leadership: Puts the client in the forefront; strives to delight clients/partners by becoming a trusted advisor, establishes long-term productive relationships by viewing and understanding outcomes and operations through the eyes of the client, identifies and acts upon needs, and delivers increased value.