Commercial Underwriter

Busey Bank•Creve Coeur, MO

2d•Onsite

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.

Requirements

Strong oral and written communication skills
Proficiency in Microsoft Office Suite
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
3 or more years of Commercial Credit experience

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 overal 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.