Special Assets Commercial Underwriter II

Busey Bank; Phoenix (AZ); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical

Dental

Vision

Life insurance and long-term/short‑t1

Job summary

Busey Bank is seeking an experienced Special Assets Commercial Underwriter II to provide accurate, timely credit underwriting in support of portfolio management and new business development for assigned Relationship Managers.

The role requires a Bachelor’s in Business or Finance, 5+ years of commercial credit experience, and strong financial analysis skills. You will spread statements, assess risk, prepare CCAR memos, and help manage the loan portfolio.

Qualifications

• Requires Bachelor's degree with a concentration in Business or Finance.
• Requires 5+ years of Commercial Credit experience.
• Requires 2+ years of Commercial Underwriter experience.

Responsibilities

• Financial statement spreading and analysis, including Debt Service Coverage/Fixed Charge Coverage ratios.
• Use financial data (cash flow, liquidity, profitability, leverage) to assess credit risk.
• Prepare Commercial Credit Approval Request memos with risk information for Relationship Managers.

Skills

Credit underwriting

Financial analysis

Communication

Microsoft Office

Financial accounting

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 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: $80,000 - $110,000 annually)

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.

• 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


• an employee assistance program


• pre-tax health savings accounts


• flexible spending accounts

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. VisitBusey.com/Careersto learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey 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.