Special Assets Commercial Underwriter II

Busey-Bank-2; Phoenix (AZ); On-site; USD 85,000 - 115,000; Full time

Job summary

Busey Bank is seeking a Special Assets Commercial Underwriter II in Phoenix to deliver precise credit underwriting for the Commercial Banking team. You will spread financial statements, analyze cash flows, and prepare concise CCAR memos highlighting borrower strengths and weaknesses.

Engage with Relationship Managers, evaluate collateral and industry data, and support portfolio management through covenant testing and monthly reviews.

Qualifications

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

Responsibilities

• Perform financial statement spreading and ratio analysis per guidelines.
• Prepare clear Commercial Credit Approval Request (CCAR) memos with risk analysis.
• Evaluate collateral, industry data and other credit information.
• Assist with portfolio management tasks including covenant testing and portfolio reviews.
• Assist Relationship Managers with opportunity memos for new and existing relationships.
• Maintain knowledge of the Commercial Banking Loan Policy and nCino."
• Assist in the sales process by accompanying Relationship Managers on customer calls.
• Approve loans within defined authority levels; escalate outside those levels.
• Participate in pipeline meetings to develop opportunity awareness.

Skills

Oral and written communication

Microsoft Office

Financial accounting

Education

Bachelor’s degree in Business or Finance

Tools

Microsoft Office

Job description

Position SummaryThe 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 & ResponsibilitiesCommercial 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 supervisionDemonstrates independent thinking and handles complex issuesEducation & ExperienceKnowledge of:Strong oral and written communication skillsProficiency in Microsoft OfficeKnowledge of financial accountingAbility to:Multi-task and work independentlyAnalyze and solve problemsTake independent action within established guidelines and develop new procedures and approaches when neededPerform duties under frequent time pressuresEducation 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 BenefitsSalary 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 annualJob 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 OpportunityBusey 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.Unsolicited ResumesBusey 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.