Position Summary

The Special Assets Commercial Underwriter II provides accurate, timely, and succinct credit underwriting to support the company’s portfolio management and new business development efforts for the Relationship Managers they are assigned to support.

Duties & Responsibilities

Commercial Underwriter Duties:

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 including 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.
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 loan approval outside of defined authority levels.
Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals.
Assist with other duties or special projects as assigned.
Commercial Underwriter II:
Performs all outlined duties under minimal supervision
Demonstrates independent thinking and handles complex issues

Education & Experience

Knowledge of:

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

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 and Training:

Requires Bachelor’s degree with a concentration in Business or Finance.
Requires 5 or more years of Commercial Credit experience.
Requires 2 or more years of experience in the 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:

- Dallas/ KC/ St. Louis/ Schaumburg/ Denver/ PHX locations: $85,000 - $115,000 annual

- Champaign/ Summerlin locations: $80,000 - $105,000 annual

Job application deadline is October 20, 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.

About the company

Busey Bank is a community-focused bank offering deposits, loans, and digital banking for individuals and local businesses. Customers place funds in deposits, which the bank uses to fund loans and other services, accessible through branches, ATMs, and online platforms. It differentiates itself through its long-standing community ties and a growth strategy that includes acquisitions, such as the 2025 purchase of CrossFirst Bankshares, to broaden its geographic reach while keeping local decision-making. Its goal is to support communities with reliable financial services and steady growth that strengthens its ability to serve customers across its expanded footprint.

Company Size

501-1,000

Company Stage

IPO

Headquarters

Champaign, Illinois

Founded

1868

Get referred to Busey Bank

See people who can refer or advise you

Simplify's Take

What believers are saying

Q2 2026 net income rose to $63.2 million, improving from Q1 2026.
Denver Cherry Creek opened August 18, 2026, extending growth into affluent Colorado markets.
Deposit inflows cut borrowings by $185 million sequentially, lowering funding pressure in Q2 2026.

What critics are saying

Illinois franchise-tax lawsuits seek over $28 million and stayed litigation leaves overhang.
Q1 2026 restructuring expenses tied to CrossFirst synergies signal integration friction persists.
Hallmark v. Busey Bank filed March 2, 2026, adds fresh legal distraction.

What makes Busey Bank unique

1868 heritage and Busey Bank brand support trust with Midwest commercial clients.
CrossFirst closed March 2025, creating an $18.04 billion regional franchise across ten states.
Wealth management reached $16.51 billion AUC in Q2 2026, diversifying earnings beyond lending.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Company Match
Profit Sharing
Employee Stock Purchase Plan
Wellness Program
Mental Health Support
Phone/Internet Stipend

Company News

Yahoo Finance

Oct 27th, 2026

First Busey Q3 net income falls to $55.8M as single loan charge-off lifts provision to $9.6M

First Busey Corporation (Nasdaq: BUSE) reported third quarter 2026 net income of $55.8 million, or $0.61 per diluted share, down from $63.2 million in the second quarter and $57.1 million a year earlier. Adjusted net income was $57.2 million, or $0.63 per share. A single commercial relationship in the Central region was partly charged off and moved to non-accrual. Provision expense rose to $9.6 million from $2.2 million in the prior quarter. Operating revenue held steady at $194.3 million, and wealth management revenue rose 15.5% from the prior year. Deposits grew at an annualised rate of 11% for the second straight quarter, while the loan-to-deposit ratio improved to 82.5% from 87.2%. The bank repurchased $59.6 million of shares in the quarter, bringing the year-to-date total to $188.4 million.

Coleman Report

Aug 27th, 2026

Movers & shakers: Brian Babcock, Carly Lovenguth & Erin Haldeman.

Movers & shakers: Brian Babcock, Carly Lovenguth & Erin Haldeman. August 27, 2026 Bob Coleman Founder & Publisher Brian Babcock Joins Ameris Bank as VP of Government Guaranteed Lending Brian Babcock has joined Ameris Bank as Vice President, Government Guaranteed Lending Business Development Officer after more than 11 years with Live Oak Bank. In his new role, Babcock will focus on SBA 7(a) and 504 lending nationwide. Babcock brings more than a decade of experience financing SBA 7(a) and 504 projects. He works with business owners on financing for acquisitions, commercial real estate, expansions, construction and other growth opportunities. At Ameris, he will continue working with automotive and car wash relationships he has developed throughout his career while expanding his lending across a broader range of industries. Babcock joined Live Oak Bank in 2015 as a Business Analyst before becoming a Credit Underwriter in 2017. He moved into a Loan Officer role in 2019 and became Vice President, Senior Loan Officer in January 2025. His work at Live Oak included financing for independent and franchise auto repair shops, collision centers and car washes using SBA 7(a), Express, 504 and conventional lending products. Carly Lovenguth Promoted to Director of SBA Operations at Busey Carly Lovenguth has been promoted to Director of SBA Operations at Busey, marking a new chapter in her more than two-decade career with the bank. Lovenguth currently serves as Senior Vice President and has held a number of SBA, commercial lending, compliance and operations roles during her 23 years with Busey. Lovenguth joined Busey as a bank teller in 2003 before moving into data entry, post-closing and compliance roles. She later served as Vice President - Commercial Documentation Manager and Vice President - SBA Portfolio Manager before taking on responsibility for SBA administration, documentation and closing. Announcing the promotion, Lovenguth expressed gratitude for the trust placed in her and said she looks forward to continuing to grow, lead and make a positive impact in her new role. Erin Haldeman Named SBA Business Development Associate at Fulton Bank Erin Haldeman has started a new position as SBA Business Development Associate at Fulton Bank, continuing her career with the bank after spending the past year in its Management Trainee program. Haldeman joined Fulton Bank as a Management Trainee in June 2025. Before joining the bank, she worked as a Customer Service Sales Assistant with University of Pittsburgh Athletics and completed a New Business Development internship with Clark National Accounts. Haldeman earned a Bachelor of Business Administration in Finance and Marketing from the University of Pittsburgh in 2024. Announcing her new role, she expressed gratitude to those who contributed to her development during the Management Trainee program and said she is excited to continue her career at Fulton Bank.

Yahoo Finance

Aug 26th, 2026

First Busey stock draws options attention amid unusual volatility spike

First Busey has attracted investor attention after unusual options activity showed high implied volatility on a September 2026 call option. This surge suggests expectations for significant share price movement, possibly linked to a company event or complex trading strategies. The stock has performed strongly, rising 10.57% over 90 days and 26.07% year to date. Three-year total shareholder return stands at 69.56%. The stock closed at $30.13, whilst analyst targets sit near $33.29. First Busey trades at a P/E ratio of 11.7x, slightly above its estimated fair P/E of 11.1x but below peers at 13.9x and the US Banks industry average of 11.8x. Net profit margins improved to 27.1% from 13.9% last year.

Ingrams

Jun 25th, 2026

Busey Bank names Mike Daley chief strategy officer, former CrossFirst exec.

Busey Bank names Mike Daley chief strategy officer, former CrossFirst exec. By Will Crow Posted June 25, 2026 First Busey Corporation announced that Mike Daley has been named chief strategy officer. Prior to this promotion, Daley previously served as Busey's director of finance & business line strategy since its integration of CrossFirst Bank last year. While at CrossFirst Bank, Daley served as the chief accounting officer for 2.6 years. "He was instrumental through our integration of CrossFirst Bank into Busey, and has done a terrific job helping align our teams and businesses," Amy Randolph, chief operating officer at Busey Bank, said in the release. "Expanding his role to lead the development and execution of the bank's long-term strategic plan across all business segments, in collaboration with the executive leadership team, is a natural progression." Daley succeeds Mark Trembacki, who retired in September. As CSO, Daley will oversee enterprise project management and enterprise sales and business development offices, as well as the corporate insights and pricing & profitability teams. Daley brings with him more than 20 years worth of experience in financial services, including his time with Busey and CrossFirst. He held several leadership positions at Waddell & Reed, such as senior vice president and chief accounting officer. Before that, he held another chief accounting officer position at National Bank Holdings Corporation. First Busey Corporation is the holding company of Champaign, Illinois-based Busey Bank. In March 2025, the handling company officially relocated its headquarters to Lenexa, KS, occupying the former CrossFirst Bank headquarters. The First Busey Corporation and CrossFirst Bankshares, Inc. merger was valued at $917 million. As of March 31, 2026, First Busey Corporation has a total of $18.04 billion in assets, according to its LinkedIn page. Busey Bank operates with 80 banking centers across Illinois, Texas, Missouri, Kansas, Florida, Oklahoma, Colorado, Indiana and New Mexico.

Champaign Park District

Jun 5th, 2026

Champaign Park District and Busey Bank teamed up to increase access to swim lessons.

Champaign Park District and Busey Bank teamed up to increase access to swim lessons. June 5, 2026 This week, Champaign Park District wrapped up a series of free swim lessons at Sholem Aquatic Center. The new initiative, called Project Swim, was established in partnership with Busey Bank to help bridge the gap of swim inequity among people of color in the Champaign community. According to the Centers for Disease Control and Prevention (CDC), drowning is the second leading cause of unintentional injury or death for children ages 5-14. For Black Americans, children ages 5-9 drown at rates 2.6 times higher, and children ages 10-14 drown at rates 3.6 times higher. Project Swim aimed to address barriers to swim lessons that some families may face by offering free, short-term lessons that covered swimming fundamentals. Free lessons were available to 80 children and 20 adults. However, Project Swim extended beyond the lessons themselves. "One barrier to swim lessons is access to proper swim attire," said Ryan Hays, Aquatics Manager at Champaign Park District. "We determined that, in addition to free lessons, we needed to offer free swimsuits and goggles in case some participants couldn't purchase their own." Swimsuits for participants were donated by Kiefer Aquatics and Champaign Park District. Goggles were donated by the Sholem family. "We are humbled to have been able to launch Project Swim this year and help so many children and adults access swim lessons for the first time," said Sarah Sandquist, Executive Director of Champaign Park District. "Teaming up with community partners to make this happen has been a privilege, and we look forward to revisiting the program again next summer." Over 90 individuals signed up for Project Swim thanks to community organizations like First String and DREAAM distributing information about the program to area families. Champaign Park District's Project Swim program was sponsored by Busey Bank, the DICK'S Sporting Goods "Sports Matter" Grant, Kiefer Aquatics, and the Sholem family.

Busey Bank

Special Assets Commercial Underwriter 2

About the job