Commercial Underwriter II

Responsibilities

• Salary Range: The salary range for this position is $61,200/yr. - $130,680/yr.
• Primary Responsibility: Structure and underwrite loans focusing on senior housing, hospitals, and ancillary medical services.
• Portfolio Management: Complete detailed financial analysis to assess credit risk, spread, covenant testing, and underwrite new credit requests, renewals, and modifications.
• Collaboration: Partner with Relationship Managers to provide credit expertise, structure loans, and apply knowledge of ONB guidelines and policies.
• Monitor Portfolio: Assign asset quality ratings, review quarterly trend analysis reports, address default situations, delinquencies, and review maturing notes.
• Prepare Reports: Present quarterly cash flows and key metrics to ONB's executive team and internal reviewers during Healthcare Portfolio Review meetings.

Key Competencies for Position

• Cultural Leadership: Shares information and ideas with individuals and groups; demonstrates organization and self-management; tailors delivery to audience; selects suitable delivery methods.
• Collaboration: Actively seeks, develops, and maintains trusted relationships with others to achieve business goals and objectives.
• Execution Leadership: Drives and executes; committed to achieving established goals; modifies behavior and approach to deal with changing business needs; flexible and agile; modifies behavior and approach to deal with changing business needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change.
• Problem Solving/Decision Making: Identifies what caused an issue; incorporates input from multiple sources to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.

Qualifications and Education Requirements

• Experience: At least 2-7 years’ progressive experience within Commercial Credit, with Healthcare Underwriting in senior and assisted living facilities preferred.
• Education: Bachelor’s degree in finance, accounting, or related field.
• Financial Analysis: Ability to independently understand, analyze, and interpret financial statements; build out cash flows to determine borrower’s overall ability to repay debt.
• Risk Awareness: Understands and takes appropriate action related to risks associated with lending to healthcare borrowers.
• Technical Knowledge: Basic knowledge of loan structuring, borrowing causes, and lending regulations; ability to comply with and conform to ONB lending policies, guidelines, and standards; proficiency in Excel.

Key Measures of Success/Key Deliverables

• Production Expectations: Meet or exceed CAM production expectations.
• Quality and Accuracy: Maintain acceptable quality and accuracy of work as assessed by loan review, OCC, and/or management.
• Asset Quality: Demonstrate strong underwriting and credit monitoring, maintaining strong asset quality.
• Financial Success: Contribute to the bank’s financial success by achieving targets for credit quality and supporting the bank’s growth goals.