Commercial Underwriter: Credit & Portfolio Specialist

Busey Bank; 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

Job summary

Busey Bank is seeking a Commercial Underwriter to provide accurate and timely credit underwriting to support portfolio management and new business development. The role involves financial statement spreading, ratio analysis, and preparing credit memos to summarize risks and opportunities.

Key duties include evaluating collateral, monitoring covenants, and assisting with portfolio reviews. Requires a Bachelor’s degree in Business/Finance and at least 3 years of commercial credit experience, with

Qualifications

• Strong oral and written communication skills.
• Proficiency in Microsoft Office Suite.
• Knowledge of financial accounting.

Responsibilities

• Spread and analyze financial statements including Debt Service Coverage/Fixed Charge Coverage.
• Assess cash flow, liquidity, profitability and leverage to determine credit risk.
• Prepare CCAR memos with relevant risk information and recommendations.
• Evaluate collateral and industry data to support loan decisions.
• Assist portfolio management with covenant testing and monthly reporting.
• Support Relationship Managers with opportunity memos for new/existing relationships.

Skills

Communication skills

Analytical ability

Independent work

Education

Bachelor’s degree in Business or Finance

3+ years Commercial Credit experience

Tools

Microsoft Office Suite

nCino

Job description

Busey Bank is seeking a Commercial Underwriter to provide accurate and timely credit underwriting to support portfolio management and new business development. The role involves financial statement spreading, ratio analysis, and preparing credit memos to summarize risks and opportunities.

Key duties include evaluating collateral, monitoring covenants, and assisting with portfolio reviews. Requires a Bachelor’s degree in Business/Finance and at least 3 years of commercial credit experience, with