Commercial Underwriter

Busey; Edwardsville (IL); 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 insurance

Dental insurance

Vision insurance

Life insurance

Disability coverage

Wellness incentives

Employee assistance program

Job summary

Busey is seeking a Commercial Underwriter in Edwardsville, IL to provide accurate credit underwriting for portfolio management and new business development. You will analyze financial data, prepare concise CCAR memos, and assist with portfolio monitoring and relationship manager support.

The role requires a Bachelor’s degree in Business or Finance and 3+ years of commercial credit experience, with solid communication and MS Office skills.

Qualifications

• Bachelor’s degree in Business or Finance is required.
• 3+ years of Commercial Credit experience.
• Strong oral and written communication skills.
• Proficiency in Microsoft Office Suite.

Responsibilities

• Spread and analyze financial statements to assess credit risk.
• Evaluate cash flow, liquidity, profitability, and leverage for risk before lending.
• Prepare CCAR memos with loan risk assessment and borrower strengths/weaknesses.
• Assess collateral and industry data for credit decisions.
• Support portfolio management: monitor covenants and borrowing base reports.
• Assist relationship managers with opportunity memos and sales activities.
• Maintain knowledge of loan policy and NCINO systems.
• Recommend loans for approval within authority levels.

Skills

Credit analysis

Financial statement analysis

Microsoft Office proficiency

Communication

Education

Bachelor’s degree in Business or Finance

Tools

nCino

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 overal 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 sensative 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. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and 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.