Commercial Casualty Insurance Underwriter

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

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 sensative 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.

Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals.

Assist with other duties or special projects as assigned.

Proficiency in Microsoft Office Suite

Knowledge of financial accounting

Education And Training

Requires Bachelor’s degree with a concentration in Business or Finance.

Requires 3 or more years of Commercial Credit experience.

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.

(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. Busey is an Equal Opportunity Employer including Disability/Vets.