Credit Monitoring Analyst II

Busey Bank; Frisco (TX); Hybrid; USD 69,000 - 96,000; 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

Short-term and long-term disability

Wellness incentives

Employee assistance program

Job summary

Busey Bank is seeking a Credit Monitoring Analyst II to support corporate credit monitoring and portfolio management. You will review borrower financials, test covenants, and perform post-closing reviews to ensure alignment of loan approval, documentation and tracking systems.

You will analyze financial statements, communicate trends to stakeholders, and provide back-up support during peak periods. The role requires a Bachelor’s in Finance/Accounting, 2+ years of relevant experience, and

Qualifications

• Bachelor’s degree in Finance, accounting or business is required.
• Minimum 2 years of credit monitoring or credit loan documents experience.
• Proficiency with Microsoft Office; experience with nCino/Jack Henry preferred.

Responsibilities

• Accurately calculate financial ratios and monitor borrower covenants for compliance.
• Communicate performance analysis to internal stakeholders clearly.
• Complete post-booking loan reviews to ensure documentation aligns with approvals.
• Analyze financial statements and credit history of clients.
• Support special credit administration projects as needed.
• Adhere to credit policies and procedures and provide ad hoc reports.

Skills

Credit analysis

Financial statements

Communication skills

Problem solving

Microsoft Office

Education

Finance degree

Tools

nCino

Jack Henry

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.