Commercial Underwriter

Busey Bank; Creve Coeur (MO); On-site; USD 75,000 - 106,000; Full time

Benefits offered by this job

401(k) match

profit sharing

employee stock purchase plan

paid time off

medical

dental

vision

company-paid life insurance

long-term disability

short-term disability

wellness incentives

employee assistance program

Job summary

Busey Bank in Creve Coeur, MO is seeking a Commercial Underwriter to provide timely and precise credit underwriting to support the bank’s portfolio and new business development. You will perform financial analysis, prepare CCAR memos, evaluate collateral, and assist in portfolio management and relationship-building activities.

The ideal candidate will have a Bachelor's degree in Business or Finance and at least 3 years of Commercial Credit experience, with strong communication and multi-tasking

Qualifications

• Bachelor’s degree in Business or Finance.
• 3+ years Commercial Credit experience.
• Strong communication skills.
• Ability to multi-task and work independently.
• Knowledge of financial accounting.

Responsibilities

• Financial statement analysis and ratio calculations per Busey guidelines.
• Assess cash flow, liquidity, profitability and leverage to evaluate credit risk.
• Prepare Commercial Credit Approval Request (CCAR) memos with findings and recommendations.
• Evaluate collateral and industry data.
• Assist with portfolio management and monitoring activities.
• Assist Relationship Managers with opportunity memos for new and existing relationships.
• Maintain knowledge of loan policy and systems (nCino).
• Support sales process by accompanying Relationship Managers on calls.
• Participate in pipeline meetings and special projects.

Skills

Financial analysis

Communication skills

MS Office

Financial accounting

Problem solving

Time management

Education

Bachelor’s degree in Business or Finance

Tools

Microsoft Office Suite

Job description

Position Summary

The Commercial Underwriter provides accurate, timely, and succinct credit underwriting to support the company’s portfolio management and new business development efforts.

Duties & Responsibilities

• Financial statement spreading and analysis, including calculation of Debt Service Coverage or Fixed Charge Coverage Ratios per Busey guidelines.
• Use financial data such as cash flow, liquidity, profitability, and leverage to determine and minimize the overall risk of extending credit to businesses and individuals.
• Work with Commercial Relationship Managers or other Lending staff to prepare clear and concise Commercial Credit Approval Request (CCAR) memos that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of the Borrower.
• Evaluate collateral, industry data, and other relevant credit information.
• Assist with Portfolio Management duties to include testing financial covenants, monitoring monthly borrowing base reports, preparing portfolio reviews and sensitive asset reports, as assigned.
• Assist Commercial Relationship Managers with the preparation of opportunity memos for new and existing relationships.
• Maintain a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
• Assist in the sales process, including accompanying Relationship Managers on customer and prospect calls.
• Approve loans that are within defined authority levels; recommend loans for approval that are in excess of defined authority levels.
• Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals.
• Assist with other duties or special projects as assigned.

Education & Experience

• Knowledge of: Strong oral and written communication skills
• Proficiency in Microsoft Office Suite
• Knowledge of financial accounting
• Ability to: Multi-task and work independently
• Analyze and solve problems
• Take independent action within established guidelines and develop new procedures and approaches when needed
• Perform duties under frequent time pressures

Education and Training: Requires Bachelor’s degree with a concentration in Business or Finance.

Requires 3 or more years of Commercial Credit experience.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $75,000-$106,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results.

Your personal and professional well-being—now and in the years to come—are important to us.

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance
• long-term disability
• supplemental voluntary life insurance
• short-term disability
• long-term disability
• wellness incentives
• employee assistance program

• pre-tax health savings accounts
• flexible spending accounts

Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.

Busey is an Equal Opportunity Employer including Disability/Vets.

Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

Every day, our associates live Busey’s core values, doing better business, building stronger relationships and creating thriving communities—while delivering meaningful value to shareholders.