Busey
Position Summary
Credit Analyst III provides accurate, timely, and succinct credit analysis to support Busey’s portfolio management and new business development efforts.
Duties & Responsibilities
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.
Perform file reviews of assigned requests to ensure complete information, communicating with loan team to discuss missing information, applicable questions and any loan structure suggestions or concerns.
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 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.
Develop a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
Assist with other duties or special projects as assigned.
Education & Experience
Requires Bachelor’s degree with a concentration in Business or Finance.
Requires 3 or more years of Commercial Credit experience.
Requires knowledge of Microsoft Office.
Knowledge & Skills
Strong oral and written communication skills.
Proficiency in Microsoft Office Suite.
Knowledge of financial accounting.
Abilities
Prioritize work flow, multi-task and work independently.
Analyze and solve problems.
Take independent action within established guidelines.
Perform duties under frequent time pressures with a high degree of accuracy and attention to detail.
Benefits & Compensation Salary is based on factors including 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: $82,000 - $101,000 per year.
Busey provides a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, life insurance, long-term disability, wellness incentives, ESPP, flexible spending, health savings accounts, and more. Visit Busey Total Rewards for more information.
Equal Opportunity Employment Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
Unsolicited Resumes Busey Bank and its subsidiaries do not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency. Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidates without any financial obligation to the Agency, unless an agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.
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Duties & Responsibilities
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.
Perform file reviews of assigned requests to ensure complete information, communicating with loan team to discuss missing information, applicable questions and any loan structure suggestions or concerns.
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 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.
Develop a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
Assist with other duties or special projects as assigned.
Education & Experience
Requires Bachelor’s degree with a concentration in Business or Finance.
Requires 3 or more years of Commercial Credit experience.
Requires knowledge of Microsoft Office.
Knowledge & Skills
Strong oral and written communication skills.
Proficiency in Microsoft Office Suite.
Knowledge of financial accounting.
Abilities
Prioritize work flow, multi-task and work independently.
Analyze and solve problems.
Take independent action within established guidelines.
Perform duties under frequent time pressures with a high degree of accuracy and attention to detail.
Benefits & Compensation Salary is based on factors including 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: $82,000 - $101,000 per year.
Busey provides a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, life insurance, long-term disability, wellness incentives, ESPP, flexible spending, health savings accounts, and more. Visit Busey Total Rewards for more information.
Equal Opportunity Employment Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
Unsolicited Resumes Busey Bank and its subsidiaries do not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency. Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidates without any financial obligation to the Agency, unless an agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.
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