Senior Commercial Underwriter II — Risk & Growth

Busey Bank; Phoenix (AZ); On-site; USD 90,000 - 128,000; 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

Company-paid life insurance

Long-term disability

Short-term disability

Wellness incentives

Employee assistance program

HSAs / FSAs

Job summary

Busey Bank is seeking a Commercial Underwriter to provide accurate, timely credit underwriting in support of portfolio management and new business development for Relationship Managers.

Responsibilities include preparing memos, analyzing financial data, and evaluating loan risk with attention to market conditions and collateral. Requires 5+ years in commercial credit and a Bachelor's degree in Business or Finance.

Qualifications

• Requires Bachelor's degree in Business or Finance.
• 5+ years Commercial Credit experience.
• 2+ years in the Commercial Underwriter role.
• Strong oral and written communication, teamwork, and MS Office proficiency.
• Experience analyzing financial data, market trends, and evaluating risk factors.

Responsibilities

• Assist Commercial Relationship Managers with preparation of opportunity memos for new and existing relationships.
• Prepare clear Commercial Credit Approval Request (CCAR) memos with pertinent loan risk information.
• Spread and analyze financial statements including Debt Service Coverage Ratios per Busey guidelines.
• Use cash flow, liquidity, profitability and leverage to assess credit risk.
• Evaluate repayment sources considering market conditions and cash flow projections.
• Examine loan applications for commercial properties including financial statements and third party reports.
• Assist with portfolio management tasks including testing covenants and portfolio reviews.
• Maintain knowledge of Commercial Banking Loan Policy and systems (nCino).
• Assist in the sales process and accompany Relationship Managers on calls.
• Approve loans within authority and propose approvals outside authority when needed.
• Participate in pipeline meetings and supporting renewals.

Skills

Strong communication

Teamwork

Microsoft Office

Financial accounting

CoStar

Financial data analysis

Education

Bachelor's degree in Business or Finance

Tools

CoStar

Job description

Busey Bank is seeking a Commercial Underwriter to provide accurate, timely credit underwriting in support of portfolio management and new business development for Relationship Managers.

Responsibilities include preparing memos, analyzing financial data, and evaluating loan risk with attention to market conditions and collateral. Requires 5+ years in commercial credit and a Bachelor's degree in Business or Finance.