Credit & Audit Review Analyst IV

Busey Bank; Champaign (IL); On-site; USD 98,000 - 125,000; 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

Job summary

Busey Bank is seeking a Credit and Audit Review Analyst IV to assess credit risk and overall loan portfolio quality. The role involves loan file and portfolio examinations, stress testing, and timely reporting to the Director of Loan Review.

Responsibilities include supporting 3rd party reviews, preparing periodic loan reports, participating in risk grade changes, and mentoring junior analysts. Strong background in credit fundamentals and 10+ years of experience are required.

Qualifications

• Bachelor's degree in finance, accounting, or economics.
• 10+ years of commercial loan review and/or credit analysis experience including training/supervising junior.
• Knowledge of basic accounting and financial statement concepts.
• Understanding of credit fundamentals including loan structures and analytic ratios.
• Familiarity with loan documentation and MS Office tools.

Responsibilities

• Support 3rd party review consultants: project setup, access requests, training, materials, and quality control of financial exceptions.
• Prepare monthly/quarterly loan reports for testing and analytics.
• Participate in risk grade change meetings with Commercial Lending and Credit Administration.
• Collaborate with committees or project groups and mentor junior staff.
• Develop training programs and provide mentoring to Credit/Audit Review Analysts I–III.
• Perform quality control reviews and feedback to Directors.
• Manage projects including sample selection and status reporting.
• Present management summaries for Loan Review and special projects.
• Attend quarterly management meetings and support due diligence for acquisitions.

Skills

Basic accounting

Understanding of financial statements

Credit fundamentals

Loan structures & credit analytics

Microsoft Word & Excel

Education

Bachelor's degree in finance, accounting, or economics

Job description

Position Summary

The Credit and Audit Review Analyst IV is responsible for assessing, identifying, and reporting on credit risks and the overall quality of the Bank's loan portfolio through loan file and portfolio examinations, stress testing, and timely submission of reports to the Director of Loan Review.

Duties & Responsibilities

• Support 3rd party review consultants - project set-up; requesting system/hardware access; providing system training and request materials; researching questions & requests related to financials & documentation; and perform quality control review of financial exception reporting
• Preparation of monthly/quarterly loan reports that supplement testing and analytics
• Participate in risk grade change meetings with Commercial Lending and Credit Administration
• Collaborate with various committees or special project groups as needed
• Develop training programs/materials, provide training for new Credit/Audit Review Analysts, and provide mentoring to Credit/Audit Review Analysts
• Provide process and procedural improvement recommendations to the Director
• Completing scheduled reviews for any size borrowers with a focus on the largest borrowers/relationships and complex transactions with limited support from the Director
• Perform 1st level quality control reviews for 3rd party reviews to assess reasonableness of conclusion and provide feedback on quality of review to the Director prior to the Director's quality control review
• Perform project management tasks include sample selection and/or assignment and monitoring and reporting project status
• Perform quality control reviews to provide detailed feedback and support to Credit/Audit Review Analysts I through III
• Facilitate risk grade change meetings with Commercial Lending and Credit Administration
• Prepare and present management summary reports for Loan Review or special projects
• Attend & present at quarterly management meetings
• Develop training programs/materials, provide training for new Credit & Audit Review Analysts, and provide mentoring to other Credit/Audit Review Analysts II and III
• Perform due diligence reviews for potential acquisitions
• Loan Review System administration

Knowledge of:

• Basic accounting skills
• Basic understanding of financial statements
• Credit fundamentals including loan structures and credit analytic ratios (i.e. balance sheet, cash flow, and other performance ratios/metrics)
• General loan & collateral documentation
• Basic Microsoft Office skills - focused on Word and Excel

Education and Training:

• Bachelors degree in finance, accounting, or economics
• 10+ years of commercial loan review and/or credit analysis experience including training/supervising junior

Education & Experience

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.

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: $98,000 - $125,000/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 extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.