Regional Credit Officer

Regional Credit Officer The Regional Credit Officer (RCO) oversees commercial credit underwriting and portfolio management for designated markets and lines of business, playing a critical role in developing sound borrower relationships, monitoring portfolio performance, and identifying and managing associated credit risks. Duties & Responsibilities Responsibilities: Manage a team of Commercial Credit Officers, Commercial Underwriters and Credit Analysts, including hiring, training, mentoring, and on-going professional development Ensure that timely underwriting is being achieved through regular communication with your team. Additionally communicate with Regional/Market leadership to ensure awareness of priorities for workflow 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 Review the prospective loan grade of each approval to ensure it aligns with regulatory and policy definitions Assist with Portfolio Management duties that include reviewing financial covenants, annual/quarterly portfolio reviews, sensitive asset reports, exceptions reporting and monitoring borrowing bases Assist Commercial Relationship Managers with structuring loan opportunities through the preparation and review of opportunity memos, including establishing appropriate financial covenant structures, for new and existing relationships Maintain a working knowledge of the Commercial Banking Loan Policy, playbook and commercial lending technology platform Assist in the sales process, including accompanying Relationship Managers on customer and prospect calls Approve loans that are within defined authority levels; recommend loans for approval that are in excess of defined authority levels Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals Communicate upstream with the Senior RCO and other Regional/Market leadership regularly to maintain an open dialogue regarding personnel matters, pipeline updates, credit migration/deterioration, including raising potential solutions to identified issues Serve as the Subject Matter Expert on Commercial & Industrial (C&I) borrowers and prospects for the Northern Illinois region. Assist with other duties or special projects as assigned Education & Experience Knowledge of: Excellent oral and written communication skills Strong interpersonal, organizational, analytical, presentation, and critical thinking skills Comprehensive knowledge of the overall departmental function, including expert knowledge in Busey's Commercial/Credit line of business Ability to: Provide accurate and timely Commercial Analysis and Approval Take independent action within established options and develops new procedures and approaches to problems when necessary Analyze situations and solve problems Perform duties and make decisions under frequent time pressures