Senior Special Assets Commercial Underwriter II

Busey Bank; Schaumburg (IL); On-site; USD 85,000 - 110,000; Full time

Job summary

Busey Bank seeks an experienced Special Assets Commercial Underwriter II to provide precise underwriting for the Special Assets portfolio, supporting Relationship Managers with timely risk assessment and concise CCAR memos.

The role involves analyzing cash flow, collateral, and industry data, while collaborating with Special Assets staff and maintaining knowledge of loan policies. Strong communication and independent problem solving are essential.

Qualifications

• Bachelor’s degree in Business or Finance.
• 5+ years of Commercial Credit experience.
• 2+ years of experience in the Commercial Underwriter role.

Responsibilities

• Provide accurate, timely underwriting for the Special Assets portfolio.
• Analyze financial statements and calculate DSCR/FCCR per guidelines.
• Prepare CCAR memos with key loan risk information and borrower strengths/weaknesses.
• Evaluate collateral, industry data, and other credit information.
• Assist with portfolio management, monitoring covenants and monthly reports.
• Maintain knowledge of Commercial Banking Loan Policy and systems (nCino).
• Assist in workout processes with Relationship Managers and customers.
• Participate in meetings to learn about potential line transfers to Special Assets.
• Support other duties or special projects as assigned.
• Perform duties with minimal supervision and independent problem solving.

Skills

Strong oral and written communication

Microsoft Office

Financial accounting

Education

Bachelor's degree in Business or Finance

5+ years Commercial Credit experience

2+ years Commercial Underwriter experience

Tools

nCino

Job description

Busey Bank seeks an experienced Special Assets Commercial Underwriter II to provide precise underwriting for the Special Assets portfolio, supporting Relationship Managers with timely risk assessment and concise CCAR memos.

The role involves analyzing cash flow, collateral, and industry data, while collaborating with Special Assets staff and maintaining knowledge of loan policies. Strong communication and independent problem solving are essential.