Commercial Underwriter - Healthcare, Sr Living Facilities

August 29, 2026

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Overview Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. Responsibilities We are growing and have an opportunity for 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. We are an in-office culture. You could be based in any of the following: 8750 W Bryn Mawr Avenue, Chicago (close to Rosemont and the Blue Line Cumberland station), Buffalo Grove IL, 10635 Ewing Ave Chicago, Gurnee IL, Sycamore IL, Palos Heights IL, Deerfield IL, Nashville Gulch TN, Evansville IN, Beachwood OH, and Minneapolis /St. Paul, MN. Salary Range The salary range for this position is $61,200 - $165,100 per year plus bonus. 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. Key Accountabilities Structure and Underwrite Loans <ul><li> Focus primarily on senior housing, hospitals and ancillary medical services</li><li> Underwrite new credit requests, renewals, and modifications focusing on appropriate due diligence, risk assessment and asset quality ratings (AQR)</li><li> Meet quality standards as outlined in ONB underwriting guidelines and policy</li><li> 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. </li></ul>Partner with respective Relationship Managers <ul><li> 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.</li><li> Develop and enhance knowledge of assigned segmentation and portfolio by leveraging internal and external resources and expertise</li><li> Partner well with associates on revenue generating sales team, support teams and others in Credit to ensure a collaborative, team, and empowered environment </li></ul>Monitor Portfolio <ul><li> Accurately assign asset quality ratings (AQR)</li><li> 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.</li><li> 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 </li></ul>Key Competencies for Position Cultural Leadership <ul><li> Communication – effectively shares information and ideas with individuals and groups; displays organization and self-management, tailors the delivery to the audience, and selects suitable delivery methods.</li><li> Collaboration – actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives. </li></ul>Execution Leadership <ul><li> Drive and Execution - committed to achieving established goals, overcoming obstacles, and continuously learning; focuses on ways to succeed by changing strategies, increasing effort, using varying approaches; seeks and leverages opportunities to collaborate with others to achieve results</li><li> Problem Solving/Decision Making – with minimal oversight, seeks to identify what caused an issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) 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.</li><li> Adaptability – flexible and agile (can be a utility player); modifies behavior and approach to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change; accepts new challenges/shifts/change in a "can-do" way; focuses on the beneficial aspects of change</li><li> 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 </li></ul>Client Leadership <ul><li> 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, identifying and acting upon needs, and delivering increased value </li></ul>Qualifications And Education Requirements <ul><li> Demonstrate at least 3-7 years’ progressive experience within Commercial Credit experience is required with each incremental level of responsibility.</li><li> Healthcare Underwriting experience required; senior and assisted living facilities preferred.</li><li> Bachelor’s degree in finance, accounting or related field.</li><li> Demonstrated ability to independently (with limited oversight), understand, analyze and interpret financial statements.</li><li> Demonstrated ability to independently (with limited oversight), build out cash flows to determine borrower’s overall ability to repay debt.</li><li> Understands and takes appropriate action related to risks associated with lending to healthcare borrowers</li><li> Basic knowledge of loan structuring, borrowing causes and lending regulations; ability to comply with and conform to ONB lending policies, guidelines and standards.</li><li> Proficient in excel and a firm understanding of key bank underwriting metrics.</li><li> 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</li><li> 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</li><li> Must feel comfortable working in a collaborative team environment along with being an independent thinker. </li></ul>Key Measures of Success/Key Deliverables <ul><li> Meet or exceed CAM production expectations</li><li> Ensure acceptable quality and accuracy of work as assessed by loan review, OCC, and/or management</li><li> Maintain strong asset quality demonstrating sound underwriting, and credit monitoring</li><li> Contribute to the bank’s financial success by achieving targets for credit quality and supporting the bank’s growth goals </li></ul>Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position. Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team!

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