Regional Credit Officer

Busey-Bank-2; Naperville (IL); On-site; USD 160,000 - 190,000; 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

Disability insurance

Wellness programs

Job summary

Busey is seeking a Regional Credit Officer to oversee underwriting and portfolio management across designated markets. You will lead Commercial Credit Officers, Underwriters, and Analysts, ensuring timely decisions and strong borrower relationships.

You will evaluate cash flow, leverage, and covenants to manage risk, while supporting Relationship Managers in structuring opportunities and maintaining policy compliance. A strong leadership presence and deep credit knowledge are essential.

Qualifications

• Bachelor’s degree in Business or Finance.
• 10+ years of Commercial Credit experience with single signature approval.
• 5+ years in progressive management role.
• Experience with middle market sized loans ($10–$100M).

Responsibilities

• Manage a team of Commercial Credit Officers, Commercial Underwriters and Credit Analysts, including hiring, training, mentoring, and on-going professional development.
• Ensure timely underwriting through regular communication with your team and with Regional/Market leadership.
• Use financial data to determine and minimize credit risk for businesses and individuals.
• Review prospective loan grades to align with policy definitions and regulatory requirements.
• Assist Portfolio Management with reviewing covenants, portfolio reviews, and reporting.
• Structure loan opportunities with Relationship Managers and review covenants for new and existing relationships.
• Maintain knowledge of loan policy, playbook, and lending technology platform.
• Assist in sales process and accompany Relationship Managers on calls.
• Approve loans within authority; participate in pipeline meetings for opportunities and renewals.
• Communicate with Senior RCO and leadership about personnel, pipeline, and credit migration/deterioration.

Skills

Credit analysis

Portfolio management

Leadership

Regulatory knowledge

Communication skills

Microsoft Office

Education

Bachelor’s in Business or Finance

Tools

Microsoft Office

Job description

Position SummaryThe Regional Credit Officer (RCO) oversees commercial credit underwriting and portfolio management for designated markets and lines of business, playing a critical role in developing sound borrower relationships, monitoring portfolio performance, and identifying and managing associated credit risks.Duties & ResponsibilitiesResponsibilities:Manage a team of Commercial Credit Officers, Commercial Underwriters and Credit Analysts, including hiring, training, mentoring, and on-going professional developmentEnsure that timely underwriting is being achieved through regular communication with your team. Additionally communicate with Regional/Market leadership to ensure awareness of priorities for workflowUse financial data such as cash flow, liquidity, profitability, and leverage to determine and minimize the overall risk of extending credit to businesses and individualsReview the prospective loan grade of each approval to ensure it aligns with regulatory and policy definitionsAssist with Portfolio Management duties that include reviewing financial covenants, annual/quarterly portfolio reviews, sensitive asset reports, exceptions reporting and monitoring borrowing basesAssist Commercial Relationship Managers with structuring loan opportunities through the preparation and review of opportunity memos, including establishing appropriate financial covenant structures, for new and existing relationshipsMaintain a working knowledge of the Commercial Banking Loan Policy, playbook and commercial lending technology platformAssist in the sales process, including accompanying Relationship Managers on customer and prospect callsApprove loans that are within defined authority levels; recommend loans for approval that are in excess of defined authority levelsParticipate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewalsCommunicate upstream with the Senior RCO and other Regional/Market leadership regularly to maintain an open dialogue regarding personnel matters, pipeline updates, credit migration/deterioration, including raising potential solutions to identified issuesServe as the Subject Matter Expert on Commercial & Industrial (C&I) borrowers and prospects for the Northern Illinois region.Assist with other duties or special projects as assignedEducation & ExperienceKnowledge of:Excellent oral and written communication skillsStrong interpersonal, organizational, analytical, presentation, and critical thinking skillsComprehensive knowledge of the overall departmental function, including expert knowledge in Busey’s Commercial/Credit line of businessAbility to:Provide accurate and timely Commercial Analysis and ApprovalTake independent action within established options and develops new procedures and approaches to problems when necessaryAnalyze situations and solve problemsPerform duties and make decisions under frequent time pressuresEducation and Training:Requires Bachelor’s degree with a concentration in Business or FinanceRequires 10 or more years of Commercial Credit experience with prior single signature approval authorityRequires 5 or more years experience in a progressive management/leadership roleRequires 5 or more years of prior experience with middle market-sized businesses with loan relationships of $10-$100 millionRequires proficient knowledge of Microsoft OfficeCompensation and BenefitsSalary 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: $160,000-$190,000/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 OpportunityBusey 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.Unsolicited ResumesBusey 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.