Regional Credit Officer

Busey Bank•Schaumburg, IL

2d•Onsite

About The Position

The Regional Credit Officer (RCO) oversees commercial credit underwriting and portfolio management for designated markets and lines of business, playing a critical role in developing sound borrower relationships, monitoring portfolio performance, and identifying and managing associated credit risks.

Requirements

Excellent oral and written communication skills
Strong interpersonal, organizational, analytical, presentation, and critical thinking skills
Comprehensive knowledge of the overall departmental function, including expert knowledge in Busey’s Commercial/Credit line of business
Ability to provide accurate and timely Commercial Analysis and Approval
Ability to take independent action within established options and develops new procedures and approaches to problems when necessary
Ability to analyze situations and solve problems
Ability to perform duties and make decisions under frequent time pressures
Requires Bachelor’s degree with a concentration in Business or Finance
Requires 10 or more years of Commercial Credit experience with prior single signature approval authority
Requires 5 or more years experience in a progressive management/leadership role
Requires 5 or more years of prior experience with middle market-sized businesses with loan relationships of $10-$100 million
Requires proficient knowledge of Microsoft Office

Responsibilities

Manage a team of Commercial Credit Officers, Commercial Underwriters and Credit Analysts, including hiring, training, mentoring, and on-going professional development
Ensure that timely underwriting is being achieved through regular communication with your team. Additionally communicate with Regional/Market leadership to ensure awareness of priorities for workflow
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
Review the prospective loan grade of each approval to ensure it aligns with regulatory and policy definitions
Assist with Portfolio Management duties that include reviewing financial covenants, annual/quarterly portfolio reviews, sensitive asset reports, exceptions reporting and monitoring borrowing bases
Assist Commercial Relationship Managers with structuring loan opportunities through the preparation and review of opportunity memos, including establishing appropriate financial covenant structures, for new and existing relationships
Maintain a working knowledge of the Commercial Banking Loan Policy, playbook and commercial lending technology platform
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
Communicate upstream with the Senior RCO and other Regional/Market leadership regularly to maintain an open dialogue regarding personnel matters, pipeline updates, credit migration/deterioration, including raising potential solutions to identified issues
Serve as the Subject Matter Expert on Commercial & Industrial (C&I) borrowers and prospects for the Northern Illinois region.
Assist with other duties or special projects as assigned