Special Assets Commercial Underwriter II

Busey Bank; Champaign (IL); On-site; USD 80,000 - 105,000; Full time

Job summary

Busey Bank is seeking an experienced Special Assets Commercial Underwriter II to deliver precise underwriting for the Special Assets portfolio. You will analyze cash flow, liquidity, and leverage to gauge risk while preparing clear CCAR memos and coordinating with Relationship Managers.

Responsibilities include collateral evaluation, portfolio reviews, and assisting with workout processes. Requires 5+ years in commercial credits and 2+ years in underwriting, with strong communication and MS

Qualifications

• Bachelor’s degree with a concentration in Business or Finance.
• 5+ years of Commercial Credit experience.
• 2+ years of Commercial Underwriter experience.
• Strong oral and written communication skills.
• Proficiency in Microsoft Office.

Responsibilities

• Perform financial statement spreading and ratio calculations per Busey guidelines.
• Use financial data (cash flow, liquidity, profitability, leverage) to assess risk.
• Prepare CCAR memos with key borrower risk information.
• Evaluate collateral, industry data and other credit information.
• Assist portfolio management with covenants testing and reporting.
• Maintain knowledge of Commercial Banking Loan Policy and ncino.
• Assist in the workout process with Relationship Managers.
• Participate in meetings about potential line transfers to Special Assets.
• Handle other duties or special projects as assigned.
• Demonstrate independent thinking in complex issues.

Skills

Communication skills

MS Office

Financial accounting

Independent work

Problem solving

Time management

Education

Bachelor’s degree in Business or Finance

Job description

Position Summary

The Special Assets Commercial Underwriter II provides accurate, timely, and succinct credit underwriting to support the company’s Special Assets portfolio management efforts for the Relationship Managers they are assigned to support.

Duties & Responsibilities

• Financial statement spreading and analysis, including calculation of Debt Service Coverage or Fixed Charge Coverage Ratios per Busey guidelines.
• Use financial data such as cash flow, liquidity, profitability, and leverage to determine and minimize the overall risk of the existing outstanding obligations to businesses and individuals.
• Work with Special Asset Relationship Managers or other Special Assets staff to prepare clear and concise Commercial Credit Approval Request (CCAR) memos including pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of the Borrower.
• Evaluate collateral, industry data and other relevant credit information.
• Assist with Portfolio Management duties to include testing financial covenants, monitoring monthly borrowing base reports, preparing portfolio reviews and sensitive asset reports, as assigned.
• Maintain a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
• Assist in the workout process, including accompanying Relationship Managers on customer calls and/or meetings.
• Participate in applicable meetings to develop knowledge of potential line managed credits being transferred to the Special Assets Group.
• Assist with other duties or special projects as assigned.
• Performs all outlined duties under minimal supervision.
• Demonstrates independent thinking and handles complex issues.

Education & Experience

• Knowledge of:
• Strong oral and written communication skills
• Proficiency in Microsoft Office
• Knowledge of financial accounting
• Ability to:
• Multi-task and work independently
• Analyze and solve problems
• Take independent action within established guidelines and develop new procedures and approaches when needed
• Perform duties under frequent time pressures
• Education and Training:
• Requires Bachelor’s degree with a concentration in Business or Finance.
• Requires 5 or more years of Commercial Credit experience.
• Requires 2 or more years of experience in the Commercial Underwriter role.

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

• Dallas/ KC/ St. Louis/ Schaumburg locations: $85,000 - $110,000 annual
• Champaign/ Summerlin locations: $80,000 - $105,000 annual

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 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. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.