Special Assets Commercial Underwriter II

Busey; Denver (CO); On-site; USD 85,000 - 115,000; Full time

Job summary

Busey in Denver seeks a Special Assets Commercial Underwriter II to provide accurate, timely credit underwriting to support portfolio management and new business development for the Relationship Managers they assist.

Key duties include financial statement spreading, ratio analysis, cash flow and collateral evaluation; preparation of CCAR memos; portfolio reviews and covenant monitoring; and assisting Relationship Managers with opportunity memos and loan approvals.

Qualifications

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

Responsibilities

• Financial statement spreading and ratio analysis (DSCR/FCCR) per guidelines.
• Evaluate cash flow, liquidity, profitability, and leverage to assess credit risk.
• Prepare CCAR memos with relevant risk information for loans.
• Assess collateral, industry data, and other credit information.
• Assist with portfolio management tasks including covenant testing and reviews.
• Assist Relationship Managers with opportunity memos and loan approvals.
• Maintain knowledge of loan policy and systems (nCino).
• Support sales process with customer calls as needed.

Skills

Strong oral and written communication

Microsoft Office

Knowledge of financial accounting

Education

Bachelor’s degree in Business or Finance

Tools

nCino

Job description

Position Summary

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

Duties & Responsibilities

Commercial Underwriter Duties

• 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 extending credit to businesses and individuals.
• Work with Commercial Relationship Managers or other Lending 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.
• Assist Commercial Relationship Managers with the preparation of opportunity memos for new and existing relationships.
• Maintain a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
• Assist in the sales process, including accompanying Relationship Managers on customer and prospect calls.
• Approve loans that are within defined authority levels; recommend loan approval outside of defined authority levels.
• Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals.
• Assist with other duties or special projects as assigned.
• Commercial Underwriter II:
• 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/ Denver/ PHX locations: $85,000 - $115,000 annual
• Champaign/ Summerlin locations: $80,000 - $105,000 annual

Job application deadline is October 20, 2026.

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.