Commercial Underwriter - CRE

Experience Champaign Urbana; Champaign (IL); On-site; USD 71,000 - 91,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical, dental, vision

Job summary

Busey Bank is seeking a Commercial Underwriter focused on CRE loans to provide accurate, timely credit underwriting for portfolio management and new business development. The role emphasizes thorough analysis of financial statements and collateral.

Responsibilities include preparing CCAR memos, evaluating risk, and supporting relationship managers. Requires a Bachelor's in Business/Finance and 3+ years of Commercial Credit experience.

Qualifications

• Bachelor's degree in Business or Finance required.
• 3+ years of Commercial Credit experience preferred.
• Strong written and verbal communication skills.
• Ability to multi-task and meet tight deadlines.

Responsibilities

• Spread and analyze financial statements, compute DSCR/FCCR per guidelines.
• Assess cash flow, liquidity, profitability, and leverage to evaluate credit risk.
• Prepare CCAR memos with key borrower strengths and weaknesses.
• Evaluate collateral and industry data for credit decisions.
• Support portfolio management, monitor covenants and borrowing bases.
• Assist relationship managers with opportunity memos and sales calls.
• Maintain knowledge of loan policy and systems (including nCino).
• Participate in pipeline meetings and assist with special projects.

Skills

Oral & written communication

Financial analysis

Credit underwriting

MS Office proficiency

Education

Bachelor's in Business or Finance

Tools

nCino

Microsoft Office

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. This role focuses on CRE loans.

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.

Benefits and Compensation

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.

Champaign, IL location base pay: $71,000 - $91,000 annual

Carmel, IN location base pay: $75,000 - $110,000 annual

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.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (“Agreement”). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.