Commercial Underwriter II - CRE

Busey Bank • Phoenix, AZ

7d

About The Position

The Commercial Underwriter 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. This role performs all outlined duties under minimal supervision, demonstrates independent thinking, and handles complex issues.

Requirements

• Strong oral and written communication skills
• Proficiency in Microsoft Office
• Knowledge of financial accounting
• Ability to multi-task and work independently
• Ability to analyze and solve problems
• Ability to take independent action within established guidelines and develop new procedures and approaches when needed
• Ability to perform duties under frequent time pressures
• Bachelor’s degree with a concentration in Business or Finance
• 5 or more years of Commercial Credit experience
• 2 or more years of experience in the Commercial Underwriter role

Responsibilities

• Assist Commercial Relationship Managers with the preparation of opportunity memos for new and existing relationships.
• 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.
• Financial statement spreading and analysis, including calculation of Debt Service 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 Borrowers or Sponsors.
• Evaluate repayment sources, considering factors such as market conditions, tenant creditworthiness, and cash flow projections.
• Analyze cash flow and repayment capacity to assess credit risk and support sound lending decisions.
• Examine loan application requests for commercial properties, including reviewing financial statements and projections, assessing the borrower’s financial strength, evaluating property characteristics, and reviewing third party reports (Appraisals, Property Condition Assessments, and Phase I Environmental Site Assessments).
• Assist with Portfolio Management duties to include testing financial covenants, preparing portfolio reviews and sensitive asset reports, as assigned.
• 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.

Benefits

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance
• long-term disability
• supplemental voluntary life insurance
• short-term disability
• wellness incentives
• employee assistance program
• pre-tax health savings accounts
• flexible spending accounts

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level