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.

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: $103,000 - $150,000 annually)

Application Deadline: June 8, 2026

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-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.


Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. 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, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) 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.