Strategic Special Assets Commercial Underwriter II

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

Benefits offered by this job

Total Rewards package

Job summary

Busey Bank in Denver, CO seeks an experienced Special Assets Commercial Underwriter II to deliver accurate credit underwriting supporting portfolio management and business development for assigned Relationship Managers.

Responsibilities include financial statement analysis, CCAR memo preparation, collateral evaluation, portfolio monitoring, and collaboration with lenders. A Bachelor's in Business/Finance and 5+ years of commercial credit experience are required.

Qualifications

• 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.

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 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.

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 in Denver, CO seeks an experienced Special Assets Commercial Underwriter II to deliver accurate credit underwriting supporting portfolio management and business development for assigned Relationship Managers.

Responsibilities include financial statement analysis, CCAR memo preparation, collateral evaluation, portfolio monitoring, and collaboration with lenders. A Bachelor's in Business/Finance and 5+ years of commercial credit experience are required.