Commercial Underwriter Middle Market

Commercial Underwriter Middle Market Job Locations US-OH | US-OH-Beachwood | US-IN-Indianapolis | US-PA Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition ID 2026-20699 Workplace Type On Site 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 Job Summary 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 including enterprise value, cash flow analysis and heavily asset reliant, a 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. Possible office locations include Beachwood OH (Cleveland area), Pittsburgh PA, and Indianapolis IN. Salary Range The salary range for this position is $ 81,700 - $ 165,100 per year plus annual incentive bonus. Final compensation will be determined by location, skills, experience, qualifications and the level of career at which the position is filled. Position is eligible for an annual incentive bonus. Key Accountabilities Underwriting & Credit Analysis - 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). - Assess borrower risk, ownership structure, and management capabilities. - Prepare credit approval materials including opportunity memos, term sheets, and formal credit approval memo. Transaction Structuring - Develop and evaluate capital structures, sources and uses of funds, and collateral packages. - Participate in legal documentation review and negotiations, ensuring alignment with credit policy and risk appetite. - Identify risks and propose mitigants tailored to specialty segment nuances. Portfolio Management 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