Leveraged Finance Director

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.

Job Summary

The Leveraged Finance Director leads Old National's leveraged lending strategy and execution activities, with a focus on sponsor-backed transactions, healthcare finance opportunities, leveraged buyouts, recapitalizations, refinancings, and other complex debt structures. This role is responsible for business development, portfolio growth, credit quality, and strategic market expansion while serving as a subject matter expert to Corporate Banking and Commercial Banking teams. The Director partners closely with relationship managers, capital markets, credit, and risk leaders to originate, structure, and execute transactions that support client growth and deliver profitable portfolio performance.

Salary Range

The salary range for this position is $127,900. - $258,600. 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

Business Development & Market Leadership

• Lead the growth and strategic direction of the leveraged finance business.
• Originate and execute sponsor-backed, leveraged healthcare, and other complex financing transactions.
• Develop relationships with private equity sponsors, healthcare operators, advisors, and referral sources to drive new business opportunities.
• Identify market trends and opportunities to expand ONB's leveraged finance capabilities and market presence.
• Collaborate with Credit, Risk, Capital Markets, Treasury Management, and other business partners to execute client solutions.
• Present complex opportunities and recommendations to senior management and credit committees.
• Monitor industry, sponsor, and portfolio trends to proactively identify emerging risks and opportunities.

Transaction Structuring & Portfolio Leadership

• Provide expertise in structuring and underwriting complex leveraged transactions.
• Partner with Corporate Banking and Commercial Banking teams to deliver customized financing solutions for clients.
• Oversee portfolio performance, asset quality, and risk-adjusted returns across leveraged finance relationships.
• Ensure transactions align with credit policy, regulatory expectations, and portfolio objectives.

Leadership & Talent Development

• Lead, mentor, and develop team members while fostering a culture of accountability, collaboration, and client excellence.
• Serve as the enterprise subject matter expert on leveraged finance products, structures, and market developments. 

Key Competencies for Position

Develops Talent - Maximizes capabilities within team.

• Develops team members' effectiveness in their current and future roles through development activities.
• Identifies issues, continuously provides coaching, mentoring, feedback and support to aid in building trust, development and promotability.
• Cultivates an environment of trust and optimizes talents and capabilities of team.
• Identifies the right people for the right role while leveraging diversity.

Strategy in Action – Fosters strategic capability in self and others.

• Connects work to the broader goals (i.e., team, line of business) and communicates team member's role in contributing to Old National's strategy and goals.
• Demonstrates awareness and understanding of environmental factors influencing their role.
• Anticipates, identifies, and articulates potential issues and opportunities and effectively responds.
• Identifies immediate, near-term opportunities required for business impact while exploring multiple viewpoints to generate and implement new ideas improving performance.
• Inspires others to personally contribute to the organization’s success for the long term.

Delights Clients - Consistently seeks and leverages knowledge creating a best-in-class experience for clients and team members.

• Supports an environment for passionately serving internal/external clients with excellence.
• Nurtures a growth mindset by staying current with developments and trends related to role and sharing information with team identifying potential client impact.
• Understands data, metrics and/or financial information and how they tie to business outcomes related to client, team and business area.
• Creates an environment of accountability where team nurtures client relationships by listening, prioritizing and acting responsibly to meet client needs, mitigate risk and add shareholder value.

Makes Decisions & Solves Problems - Seeks deeper understanding, identifies alternative solutions, and drives sound decisions.

• Identifies, evaluates, and owns problems and opportunities along with possible solutions through effective collaboration.
• Collaborates and seeks to identify what caused the issue, comparing data from different sources within Old National to draw conclusions.
• Uses effective approaches for choosing a course of action or developing appropriate solutions resulting in sound decisions.
• Implements appropriate solutions and evaluates results within team. 

Qualifications and Education Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business, or related field; Master's degree preferred.
• 10+ years of corporate, commercial, leveraged finance, sponsor finance, investment banking, or structured finance experience.
• Demonstrated experience originating and structuring leveraged transactions, including sponsor-backed and healthcare finance deals.
• Strong knowledge of credit underwriting, financial analysis, risk management, and banking regulations.
• Proven ability to develop business, influence senior stakeholders, and build trusted client and sponsor relationships. 

Key Measures of Success/Key Deliverables

• Achieve team and personal goals for new loan/deposit production and average portfolio target.
• Achieve team and personal goals for new fee production and average loan delinquency.

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!