POSITION SUMMARY

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.

EDUCATION & EXPERIENCE

Knowledge of:

• Strong oral and written communication skills
• Proficiency in Microsoft Office
• Knowledge of financial accounting

Ability to:

• Multi-task and work independently
• Analyze and solve problems
• Take independent action within established guidelines and develop new procedures and approaches when needed
• Perform duties under frequent time pressures

Education and Training:

• Requires Bachelor’s degree with a concentration in Business or Finance.
• Requires 5 or more years of Commercial Credit experience.
• Requires 2 or more years of experience in the Commercial Underwriter role.

Commercial Underwriter Duties:

• 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 including 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 sensitive 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 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.
• Commercial Underwriter II:
• Performs all outlined duties under minimal supervision
• Demonstrates independent thinking and handles complex issues