Commercial Underwriter - Healthcare, Sr Living Facilities

Responsibilities

• Structure and 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 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
• 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

Qualifications

• Demonstrate at least 3-7 years’ progressive experience within Commercial Credit experience is required with each incremental level of responsibility.
• Healthcare Underwriting experience required; senior and assisted living facilities preferred.
• Bachelor’s degree in finance, accounting or related field.
• 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.
• Understands and takes 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.
• 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
• Feel comfortable working in a collaborative team environment along with being an independent thinker.