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Commercial Credit Officer

Company: First Busey Corporation
Location: Belleville
Posted on: May 31, 2021

Job Description:

Duties and Responsibilities

  • Manage the analysis, credit underwriting and loan structure of new loan and renewal requests to best align risk with the bank's policies and risk tolerances to support the company's commercial portfolio management and new business development efforts.
  • Manage the work flows necessary to maintain the timeliness of the underwriting needed for both existing and new relationships.
  • Provide commercial credit approval.
  • Assist with developing and maintaining the processes used for the forgoing.
  • Supervise, direct, train, and evaluate Commercial Underwriters/Credit Analysts.

Specific to Underwriting:

  • 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 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.

What You'll Bring

Knowledge of:

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

Ability to:

  • Provide accurate and timely Credit Real Estate Analysis and Approval
  • Take independent action within established options and develops new procedures and approaches to problems when necessary
  • Analyze situations and solve problems
  • Perform duties and make decisions under frequent time pressures

Education and Training

C & I/Owner Occupied:

  • Requires Bachelor's degree with a concentration in Business or Finance.
  • Requires 7 or more years of Commercial Real Estate Credit experience.

Commercial Real Estate:

  • Requires Bachelor's degree with a concentration in Business or Finance.
  • Requires 7 or more years of Commercial Real Estate Credit experience.

Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors. Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Keywords: First Busey Corporation, Belleville , Commercial Credit Officer, Other , Belleville, Illinois

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