Commercial Underwriter Team Lead

Busey; Phoenix (AZ); On-site; USD 98,000 - 140,000; 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

Long-term disability

Wellness incentives

Employee assistance program

Job summary

Busey is seeking a Commercial Underwriter in Phoenix to provide accurate, timely underwriting for a growing portfolio supporting Relationship Managers. The role focuses on financial analysis, risk assessment, and clear CCAR memos to inform lending decisions.

Candidates should have extensive commercial credit experience, strong communication, and proficiency with MS Office. Base pay ranges with bonus potential and a comprehensive benefits package are offered.

Qualifications

• Requires Bachelor’s degree in Business or Finance.
• Requires 5+ years Commercial Credit experience.
• Requires 5+ years of experience in a Commercial Underwriter role.
• Requires direct experience in Commercial and/or C&I.

Responsibilities

• Spread and analyze financial statements per Busey guidelines.
• Use cash flow, liquidity, profitability and leverage data to assess credit risk.
• Prepare CCAR memos with strengths/ weaknesses of the borrower.
• Evaluate collateral and other relevant credit information.
• Assist with portfolio management duties and testing financial covenants.
• Assist Relationship Managers with opportunity memos for new/existing relationships.
• Maintain knowledge of the Commercial Banking Loan Policy and nCino.
• Assist in the sales process with customer/prospect calls.
• Approve loans within defined authority or recommend adjustments.
• Attend pipeline meetings to learn about opportunities and renewals.

Skills

Communication skills

Microsoft Office

Financial accounting knowledge

Education

Bachelor's degree in Business or Finance

5+ years Commercial Credit experience

5+ years Commercial Underwriter experience

Commercial and/or C&I experience

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 for the Relationship Managers they are assigned to support.

Duties & Responsibilities

Commercial Underwriter Duties

• 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 including 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 loan approval outside 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
• 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 5 or more years of Commercial Credit experience.
• Requires 5 or more years of experience in a Commercial Underwriter role.
• Requires direct experience in Commercial and/or C&I.

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. (Base Pay Range: $98,000 - $140,000 /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.

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.