Credit Monitoring Analyst 3

Position Summary

The Credit Monitoring Analyst III supports the commercial credit monitoring and portfolio management for the Bank through the review and analysis of borrower and guarantor financial information, testing of financial covenants, and post-closing loan review to ensure alignment between loan approval, documentation, and tracking system.

Duties & Responsibilities

• Maintain in-depth knowledge of Credit Monitoring and industry best practices.
• Review financial spreads, financial indicator covenants, borrowing base reviews, post-closing reviews and other assigned job functions, for accuracy and completeness.
• Provide input and recommendations on new and existing workflow processes, policies, and procedures involving the Credit Monitoring Team.
• Work independently the majority of the time and complete work with little supervision.
• Serve as Credit Monitoring subject matter expert and on the Bank’s financial tracking system (nCino) to include any upgrades, training, or new resources.
• Provide accurate and consistent loan portfolio management and monitoring of our commercial loan portfolio.
• Make independent recommendations regarding credit risk supported by comprehensive ongoing risk analysis.
• Analyze Borrowing Base Certificates, accounts receivable aging, inventory listings, liquidity, and collateral positions.
• Review financial reporting to ensure accuracy and maintain internal tracking for all commercial clients.
• Mentorship of less experienced Credit Monitoring Analysts.
• Comply with all credit administration policies and procedures.
• Prepare ad hoc reports as requested.
• Complete Moody’s Credit Modules, as assigned.
• Maintain the highest level of confidentiality of all information.
• Provide extraordinary service while complying with all Bank policies and procedures.
• Adhere to Busey Bank policies and procedures; comply with laws, regulations and industry best practices.
• Reliable and predictable attendance; both onsite and remote.

Education & Experience

Knowledge of:

• Strong oral, written and interpersonal communication skills
• Advanced understanding of credit analysis and financial statements.
• Thorough knowledge of financial statement analysis and demonstrated ability to identify and mitigate key risks
• Full understanding of loan and collateral documents, including attorney prepared documentation
• Strong problem solving and analytical skills

Ability to:

• Read and comprehends credit write-ups and loan documentation
• Prioritize workflow, multi-task and work independently
• Perform duties under frequent time pressures with high degree of accuracy and attention to detail

Education and Training:

• Requires bachelor’s degree in Finance, accounting or business
• 5 or more years of experience as a successful credit analyst or similar role in a commercial bank.
• Experience in nCino and Jack Henry preferred, but not required
• Requires knowledge of Microsoft Office

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:  $80,000 - $114,000/year) 

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.