Commercial Underwriter - CRE

Busey Bank • Champaign, IL

5d

About The Position

The Commercial Underwriter provides accurate, timely, and succinct credit underwriting to support portfolio management and new business development, with a focus on commercial real estate (CRE) loans. The role evaluates borrowers, collateral, industry data, and other relevant credit information to assess and minimize lending risk. It works closely with Commercial Relationship Managers and other lending staff on credit approvals and new-business opportunities, and supports ongoing portfolio management.

Requirements

• Bachelor’s degree with a concentration in Business or Finance.
• Three or more years of Commercial Credit experience.
• Strong oral and written communication skills.
• Proficiency in Microsoft Office Suite.
• Knowledge of financial accounting.
• Ability to multitask 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.

Responsibilities

• Spread and analyze financial statements, including calculating Debt Service Coverage or Fixed Charge Coverage Ratios according to Busey guidelines.
• Evaluate cash flow, liquidity, profitability, leverage, and other financial data to assess and minimize credit risk.
• Work with Commercial Relationship Managers and other lending staff to prepare clear, concise Commercial Credit Approval Request (CCAR) memos identifying borrower strengths and weaknesses and describing the overall loan risk.
• Evaluate collateral, industry data, and other relevant credit information.
• Assist with portfolio management, including testing financial covenants, monitoring monthly borrowing base reports, and preparing portfolio reviews and sensitive asset reports as assigned.
• Assist Commercial Relationship Managers in preparing opportunity memos for new and existing relationships.
• Maintain 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 within defined authority levels and recommend loans exceeding those levels for approval.
• Participate in pipeline meetings to learn about prospective opportunities and upcoming renewals.
• Perform other duties and special projects as assigned.

Benefits

• 401(k) match
• Profit sharing
• Employee stock purchase plan
• Paid time off
• Medical, dental, and vision coverage
• Company-paid life insurance and long-term disability
• Supplemental voluntary life insurance
• Short-term and long-term disability
• Wellness incentives
• Employee assistance program
• Pre-tax health savings accounts and flexible spending accounts for eligible associates
• Potential bonus or incentives based on company and individual performance

What This Job Offers

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