Middle Market Commercial Underwriter

Responsibilities

Salary Range: The salary range for this position is $81,700/yr. - $165,100/yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Underwriter is responsible for evaluating, structuring, and underwriting complex bilateral and syndicated credit facilities for Middle Market clients across general industries. This role requires advanced knowledge of credit risk analysis and structuring, deep understanding of legal documentation, and active participation in negotiations. Underwriters manage a portfolio of clients with a focus on credit quality and risk mitigation, acting as internal credit experts while partnering closely with Relationship Managers and external stakeholders.

We are an in-office culture and have great locations in Indianapolis, Evansville, Louisville and Nashville.

Key Accountabilities

• Conduct comprehensive due diligence including financial statement review, third-party reports, and industry analysis.
• Build and interpret advanced financial models (e.g., cash flow lending, projection modeling).
• Audit and negotiate legal documentation to ensure alignment with credit policy and risk appetite.
• Identify risks and propose mitigants tailored to specialty segment nuances.
• Monitor asset quality, covenant compliance, and financial performance of assigned clients.
• Collaborate with Relationship Managers to ensure ongoing credit health and proactive risk management.
• Support internal and external audits and regulatory reviews.
• Serve as a subject matter expert in underwriting, providing consultative support to internal teams.
• Engage with clients and legal counsel to validate business plans and transaction terms.
• Partner with Treasury Management and other internal teams to support client needs.

Qualifications And Education Requirements

• Bachelor’s degree in finance, accounting or related field OR equivalent experience.
• Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements.
• Understands and takes appropriate action related to risks associated with lending to various types of industries.
• Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply and conform to ONB lending policies, guidelines and standards.
• 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.
• Feel comfortable working in a collaborative team environment along with being an independent thinker.
• Progressive experience within Midde Market C&I Credit required with each incremental level of responsibility.
• Demonstrated expertise in financial modeling, legal documentation, and complex deal structuring.
• Strong understanding of market trends and regulatory frameworks across specialty segments.
• General banking experience – At least five years of Middle Market C&I Credit experience.

Key Competencies for Position

• Compelling Communication – Openly and effectively communicates with others. Effectively and transparently shares information and ideas with others. Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain. Unites others towards common goal. Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.
• Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time. Takes action that is consistent with available facts, constraints and probable consequences.
• Seeks deeper understanding and takes action. Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency. Collaborates and seeks to understand the root causes of problems.
• Promotes Change – Seeks to understand and embrace change. Actively seeks information to understand the rationale, implications and impact for changes. Remains agile by quickly modifying daily behavior, leveraging resources, and trying new approaches to effectively embrace change. Willing to act quickly, learn and adjust as needed. Identifies and recommends changes to leadership to improve performance.