Position Summary
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 & ResponsibilitiesResponsibilities:
- 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
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
Education and Training:
- Requires Bachelor’s degree with a concentration in Business or Finance
- Requires 10 or more years of Commercial Credit experience with prior single signature approval authority
- Requires 5 or more years experience in a progressive management/leadership role
- Requires 5 or more years of prior experience with middle market-sized businesses with loan relationships of $10-$100 million
- Requires proficient knowledge of Microsoft Office
Skills Required
- Bachelor's degree with a concentration in Business or Finance
- 10 or more years of Commercial Credit experience
- Prior single signature approval authority
- 5 or more years of experience in a progressive management or leadership role
- 5 or more years of experience with middle-market businesses having loan relationships of $10-$100 million
- Proficient knowledge of Microsoft Office
- Excellent oral and written communication skills
- Strong interpersonal, organizational, analytical, presentation, and critical thinking skills
- Comprehensive knowledge of commercial credit and commercial banking functions
- Ability to provide accurate and timely commercial analysis and approvals
- Ability to analyze situations and solve problems
- Ability to make decisions under frequent time pressures
Busey Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Busey and has not been reviewed or approved by Busey.
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Retirement Support — Retirement programs include a 401(k) with company match alongside a profit‑sharing plan, creating multiple employer‑supported savings channels. This structure strengthens long‑term financial security beyond base pay.
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Equity Value & Accessibility — An Employee Stock Purchase Plan is available, adding an ownership pathway that complements traditional retirement benefits.
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Leave & Time Off Breadth — Paid time off, paid holidays, paid parental leave, and volunteer time off are included, supporting time away for family and community. Flexible scheduling features in some materials further support practical use of time off.
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What We Do
As of September 30, 2023, First Busey Corporation (Nasdaq: BUSE) was a $12.26 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $12.23 billion as of September 30, 2023, and is headquartered in Champaign, Illinois. Busey Bank currently has 46 banking centers serving Illinois, eight banking centers serving Missouri, three banking centers serving southwest Florida, and one banking center in Indianapolis, Indiana. Through Busey’s Wealth Management division, the Company provides asset management, investment, and fiduciary services to individuals, businesses, and foundations. Assets under care totaled $11.55 billion as of September 30, 2023. Busey Bank’s wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. More information about FirsTech can be found at firstechpayments.com. Busey Bank is honored to be named among America’s Best Banks by Forbes magazine for the second consecutive year. Ranked 26th overall in 2023, compared to 52nd in last year's rankings. Busey was named among DiversityInc’s Top Regional Companies. The DiversityInc Top 50 survey is the external validator for large U.S. employers that model fairness in their talent strategy, workplace and supplier diversity practices, and philanthropic engagement. We are honored to be consistently recognized nationally and locally for our engaged culture of integrity and commitment to community development. For more information about us, visit busey.com.
