Underwriter II, CML

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration innovation adaptability and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE:

The Commercial Credit Underwriter II underwrites and monitors a portfolio of medium complexity business banking to large commercial and industrial (C&I) loans ranging in size from $to $. Assigned portfolio may also include Owner Occupied and/or small investor Commercial Real Estate loans. Will partner with Business Advisors to propose and negotiate lending solutions on new opportunities and underwrite credit risk. Responsible for determining the credit worthiness of borrowers and/or sponsors and recommending credit decisions. Monitors assigned portfolio credit relationships for covenant compliance collateral monitoring and credit deterioration as applicable. Keeps apprised of industry related issues to analyze and determine their impact on specific industries clients or Alerus C&I portfolios. Performs all duties in accordance with policies procedures and regulatory requirements.

WHAT YOULL BE DOING:

• Supports the loan decision making process by providing quality in-depth credit analysis for medium complexity business banking to large C&I and OO commercial RE loans.
• Develops thorough understanding of customer financial needs and project feasibility. Works collaboratively with Business Advisors and RCO regarding loan structure monitoring and servicing loan relationship.
• Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay.
• Writes cogent credit narratives and perform risk assessments of products policy structure terms and financial strength with minimal to moderate guidance/feedback.
• Attends loan committee and support Business Advisors in addressing questions on submitted requests.
• Completes quarterly/annual loan reviews and renewals within required timeframes.
• Ensures loan requests adhere and comply with applicable bank regulations policies and procedures.

WHAT YOU SHOULD HAVE:

• Bachelors degree or equivalent education including upper-level courses in finance and accounting.
• 3-5 years of experience in a previous commercial underwriter position.
• 2 years of experience working with business banking commercial and small commercial real estate and at least one year of exposure to large complex commercial and industrial loans.
• In-depth knowledge of medium complexity loan documentation banking laws and regulations preferred but not required.
• Self-motivated and demonstrates strong written and oral communication skills.
• Problem-solving capabilities.

WHAT WE BRING TO THE TABLE:

• Competitive compensation including base salary bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits including medical dental vision life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off company-paid holidays parental and bereavement leave.
• Learning and development resources for personal and professional career development and advancement opportunities.
• Access to financial experts for guidance financial wellness tools and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally the employee must occasionally lift or move supplies and materials up to 20 pounds.

BASE PAY RANGE:

$72000 - $100000 per year

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities duties and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion color national origin gender sexual orientation age marital status veteran status or disability status.