Credit Monitoring Analyst II

Busey Bank; Fort Worth (TX); Hybrid; USD 69,000 - 96,000; Full time

Benefits offered by this job

401(k) match

Employee stock purchase plan

Paid time off

Medical, dental, vision

Job summary

Busey Bank is seeking a Credit Monitoring Analyst II to support commercial credit monitoring and portfolio management by reviewing borrower financials, testing covenants, and ensuring alignment between loan approval, documentation, and tracking systems. The role involves analyzing financial statements, communicating results to the team, and providing back-up support during peak times.

A bachelor’s degree in Finance, Accounting or Business is required, with at least two years in credit monitoring

Qualifications

• Bachelor's degree in Finance, accounting or business.
• Minimum 2 years of experience with credit loan documents and credit monitoring in financial services.
• Experience in nCino and Jack Henry preferred but not required.
• Proficiency in Microsoft Office tools.

Responsibilities

• Accurately calculate financial ratios and monitor borrower covenants for compliance.
• Communicate borrower performance and trend analyses to relevant teams.
• Complete post-booking reviews to ensure accuracy of loan documents and covenants.
• Analyze and assess financial statements and credit history of clients.
• Support Credit Administration on special projects as assigned.
• Prepare ad hoc reports as requested.
• Provide back-up support during peak times and review Borrowing Base Certificates.
• Mentor junior Credit Monitoring Analysts.

Skills

Communication skills

Credit analysis

Financial statements

Loan documents

Analytical skills

Education

Bachelor's degree in Finance, accounting or business

Tools

nCino

Jack Henry

Microsoft Office

Job description

Position Summary

The Credit Monitoring Analyst II supports the commercial credit monitoring and portfolio management for the Bank through the review and analysis of borrower and guarantor financial information, testing of financial covenants, and post-closing loan review to ensure alignment between loan approval, documentation, and tracking system.

Duties & Responsibilities

• Accurately calculate financial ratios and monitor Borrower's covenants for compliance as outlined in loan documents.
• Effectively communicate all internal communication of the borrower's performance and trend analysis to the appropriate parties.
• Completes post booking reviews on commercial loans to ensure accuracy of loan documents as outlined in the credit approval and ensure internal tracking of covenants are accurately built for internal tracking purposes.
• Analyze and assess financial statements and credit history of existing and potential clients.
• Provide additional support to Credit Administration as it relates to special projects as assigned.
• Comply with all credit administration policies and procedures.
• Prepare ad hoc reports as requested.
• Provide back-up assistance to other team members at peak volume times, including but not limited to reviewing and analyzing Borrowing Base Certificates and reviewing financial statements for accuracy and advancement of next due date.
• Mentorship of less experienced Credit Monitoring Analysts.
• Complete Moody's Credit Modules, as assigned.
• Comply with all credit administration policies and procedures.
• Maintain the highest level of confidentiality of all information.
• Provide extraordinary service while complying with all Bank policies and procedures.
• Adhere to Busey Bank policies and procedures; comply with laws, regulations and industry best practices.
• Reliable and predictable attendance; both onsite and remote.

Education & Experience

Knowledge of:

• Strong oral, written and interpersonal communication skills
• Intermediate understanding of credit analysis and financial statements.
• Full understanding of balance sheets, income statements and cash flow statements
• Full understanding of loan and collateral documents, including attorney prepared documentation
• Strong problem solving and analytical skills

Ability to:

• Read and comprehends credit write-ups and loan documentation
• Prioritize workflow, multi-task and work independently
• Perform duties under frequent time pressures with high degree of accuracy and attention to detail

Education and Training:

• Requires bachelor's degree in Finance, accounting or business
• Minimum 2 years of experience with credit loan documents and credit monitoring experience in the financial services industry.
• Experience in nCino and Jack Henry preferred, but not required
• Requires knowledge of Microsoft Office

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:$69,000.00 - $96,000.00/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 BuseyTotal Rewardsfor 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. VisitBusey.com/Careersto learn more about Busey's Equal Opportunity Employment.