Position Summary
The Audit Review Analyst II is responsible for assessing, identifying, and reporting on credit risks and the overall quality of the Bank's loan portfolio through loan file and portfolio examinations, stress testing, and timely submission of reports to the Director of Loan Review.
Duties & Responsibilities
- Complete process reviews and data collection as appropriate.
- Support 3rd party review consultants - project set-up; requesting system/hardware access; providing system training and request materials; researching questions & requests related to financials & documentation; and perform quality control review of financial exception reporting.
- Oversee related administrative tasks including project set-up through close, documentation of procedures/templates, draft report & response management, and uploading final data & reports
- Preparation of monthly/quarterly loan reports that supplement testing and analytics.
- Completing Level 2 and 3 audit procedures for scheduled reviews for all borrowers with the appropriate level of support based on the complexity of the review from a Credit/Audit III or Director.
- Attend quarterly management & Reserve meetings.
- Collaborate with various committees or special project groups as needed
- Develop training programs/materials, provide training for new Audit Review Analysts, and provide mentoring to Audit Review I Analysts
- Provide process and procedural improvement recommendations to the Director.
Education & Experience
Knowledge of:
- Basic understanding of financial statements
- General loan & collateral documentation
- Basic Microsoft Office skills - focused on Word and Excel
Education and Training:
- Minimum Associates Degree in finance, accounting, or economics
- In lieu of a degree, 3+ years of commercial loan experience (i.e. loan coordinator, loan documentation, commercial post-closing) or audit experience.
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.
Top Skills
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.
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