Commercial Underwriter - CRE

About the role

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

Responsibilities

• Perform 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 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, including 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 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.

Requirements

• Strong oral and written communication skills.
• Proficiency in Microsoft Office Suite.
• Knowledge of financial accounting.
• Ability to multi-task and work independently.
• Analytical and problem-solving skills.
• Ability to take independent action within established guidelines and develop new procedures and approaches when needed.
• Ability to perform duties under frequent time pressures.

Qualifications

• Bachelor’s degree with a concentration in Business or Finance.
• 3 or more years of Commercial Credit experience.

Pay

Champaign, IL location base pay: $71,000 - $91,000 annual

Carmel, IN location base pay: $75,000 - $110,000 annual

The role may be eligible for bonus or incentives based on company and individual performance.

Benefits

• 401(k) match
• Profit sharing
• Employee stock purchase plan
• Paid time off
• Medical, dental, and vision insurance
• 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