Busey Bank
Credit Analyst
Busey Bank, Schaumburg, Illinois, us, 60159
Position SummaryThe Credit Analyst provides accurate, timely, and succinct credit analysis to support the company'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.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
Knowledge of:Strong oral and written communication skillsProficiency in Microsoft Office SuiteKnowledge of financial accountingAbility to:Prioritize work flow, multi-task and work independentlyAnalyze and solve problemsTake independent action within established guidelinesPerform duties under frequent time pressures with a high degree of accuracy and attention to detailEducation and Training:Level IRequires Bachelor's degree in Business with an emphasis in Accounting, Economics, and/or Finance. Completed coursework must include at a minimum: one finance and two accounting classes.Prior Commercial Credit experience and/or banking experience preferred.Requires knowledge of Microsoft Office.Level IIRequires Bachelor's degree with a concentration in Business or Finance.Requires 2 - 3 or more years of Commercial Credit experience.Requires knowledge of Microsoft Office.Level IIIRequires Bachelor's degree with a concentration in Business or Finance.Requires 3 or more years of Commercial Credit experience.Requires knowledge of Microsoft Office.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.
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 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
Knowledge of:Strong oral and written communication skillsProficiency in Microsoft Office SuiteKnowledge of financial accountingAbility to:Prioritize work flow, multi-task and work independentlyAnalyze and solve problemsTake independent action within established guidelinesPerform duties under frequent time pressures with a high degree of accuracy and attention to detailEducation and Training:Level IRequires Bachelor's degree in Business with an emphasis in Accounting, Economics, and/or Finance. Completed coursework must include at a minimum: one finance and two accounting classes.Prior Commercial Credit experience and/or banking experience preferred.Requires knowledge of Microsoft Office.Level IIRequires Bachelor's degree with a concentration in Business or Finance.Requires 2 - 3 or more years of Commercial Credit experience.Requires knowledge of Microsoft Office.Level IIIRequires Bachelor's degree with a concentration in Business or Finance.Requires 3 or more years of Commercial Credit experience.Requires knowledge of Microsoft Office.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.