CRE Commercial Underwriter III

Position Summary

The Commercial Underwriter III provides accurate, timely, and succinct credit underwriting to support the company’s portfolio management and new business development efforts.

Duties & Responsibilities

• Manage and provide leadership and guidance to Commercial Underwriters, including hiring, training, mentoring and on-going professional development efforts.
• Motivate and lead a high performing team; attract, recruit, and retain team members.
• Review loan presentations for accuracy and completeness and coach Commercial Underwriters on any errors or areas for improvement.
• Cleary communicate performance expectations to team members and address any deficiencies in a timely manner.
• Conduct meetings with team to discuss emerging issues, pipeline management, and workloads.
• 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 that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of the Borrower and/or collateral.
• Assist with Portfolio Management duties to include testing financial covenants and 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 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.
• Provide recommendations and day-to-day guidance on new and existing workflow processes, policies, and procedures.
• Assist with other duties or special projects as assigned.

• CRE focus:

  • Examine loan application requests for non-owner-occupied 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).
  • Evaluate repayment sources, considering factors such as market conditions, tenant creditworthiness, and cash flow projections.
  • Cash flow analysis, including calculation of Debt Service Coverage Ratios per Busey guidelines.

Education & Experience

Knowledge of:

• Leadership skills
• Strong oral and written communication skills
• Teamwork and collaboration skills
• Proficiency in Microsoft Office Suite
• Knowledge of financial accounting
• Experience utilizing CoStar
• Strong ability to analyze financial data, market trends, and evaluate risk factors

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 & Training:

• Requires Bachelor’s degree with a concentration in Business or Finance
• Requires 7 or more years of Commercial Credit experience
• Requires 2 or more years of experience in Commercial Underwriter role

Compensation and Benefits 

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. 

  

(Base Pay Range: $92,000.00 - $125,000.00/year) 

  

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre