What are the responsibilities and job description for the Commercial Underwriter III position at Busey?
Position Summary
The Commercial Underwriter III provides accurate, timely, and succinct credit underwriting to support the company's portfolio management and new business development efforts.
Duties & Responsibilities
Education & Experience
Knowledge of:
Ability to:
Education and Training
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.
The Commercial Underwriter III provides accurate, timely, and succinct credit underwriting to support the company's portfolio management and new business development efforts.
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 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 that include all 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 sensative 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 loans for approval that are in excess 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.
Education & Experience
Knowledge of:
- Strong oral and written communication skills
- Proficiency in Microsoft Office Suite
- Knowledge of financial accounting
Ability to:
- Prioritize work flow, multi-task and work independently
- Analyze and solve problems
- Take independent action within established guidelines
- Perform duties under frequent time pressures with a high degree of accuracy and attention to detail
Education and Training
- Requires Bachelor's degree with a concentration in Business or Finance
- Requires 7 or more years of Commercial Credit experience
- Requires 2 or more years of experience in Commercial Underwriter role
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.
