Position Summary
The SBA Credit Analyst II provides accurate, timely, and succinct credit analysis while ensuring compliance with SBA loan program regulations to support new loan originations and portfolio management of the company's SBA Lending Division.
Duties & Responsibilities
• Responsible for the evaluation and underwriting of SBA loan applications to determine creditworthiness, compliance, and eligibility.
• Financial statement spreading and analysis, including calculation of Debt Service Coverage Ratios per Busey Bank and SBA guidelines.
• Review and analyze all customer financial data such as cash flow, potential impacts to repayment ability, liquidity, profitability, and leverage to determine and minimize the overall risk of extending credit to business applicants.
• Evaluate collateral, industry data and other relevant credit information.
• Communicate with borrowers (active and prospective) to facilitate the gathering and assimilation of all relevant information needed for complete analysis.
• Collaborate with SBA BDOs or other Lending Staff to prepare Opportunity Memos (OM) and Commercial Credit Approval Requests (CCAR). CCARs should be clear, concise, identify strengths and weaknesses of the transaction, document SBA eligibility and requirements (to include conditions to close), and contain pertinent information associated with the overall risk of the loan.
• Work with the Closing team for a smooth hand-off of the borrower to the next level in the SBA Process (submission and closing). If needed, assist in screen-out responses, credit addendums, and memos to the file.
• Assist with Portfolio Management duties to include monitoring monthly borrowing base reports and preparing quarterly portfolio reviews and sensitive asset reports (SARs), as assigned.
• Participate in pipeline meetings to discuss status of loans in Underwriting and Closing stages as well as to develop knowledge of prospective opportunities.
• Maintain a working knowledge of Busey Bank Commercial Loan Policy, SBA SOP, and bank/SBA systems (nCino, CAFS, E-Tran).
• Assist with other duties or special projects as assigned.
Education & Experience
Knowledge of:
• Strong oral and written communication skills.
• Knowledge of financial accounting.
• Proficiency in Microsoft Office Suite.
Ability to:
• Prioritize workflow, multi-task and work independently.
• Analyze and solve problems.
• Take independent action within established guidelines.
• Perform duties under frequent time pressures with a high degree of accuracy and attention to.
Education & Training:
• Requires bachelor's degree with a concentration in Business, Finance, Accounting, or related field.
• Requires 2 or more years of Commercial Credit analysis experience.
• Working knowledge of and experience with current SBA SOP and loan programs is preferred.
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 - $135,000 annual)
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.
