Senior Institutional Investment Advisor

Senior Institutional Investment Advisor

Join Alerus, a commercial wealth bank and national retirement provider, as a Senior Institutional Investment Advisor. This role focuses on business development with commercial banking, nonprofit organizations and government entities in Minneapolis and Phoenix metro areas.

• Develop and execute a regional business development strategy targeting nonprofit organizations, foundations, endowments, and government entities.
• Build and maintain strong relationships with key decision-makers, boards, and finance committees.
• Serve as a trusted advisor, providing guidance on investment strategy, fiduciary oversight, governance, and financial planning.
• Collaborate with internal teams across retirement, investment, wealth, and banking services to deliver integrated solutions.
• Represent Alerus at industry events, conferences, and community engagements to enhance visibility and generate leads.
• Prepare and present customized proposals, RFP responses, and investment reviews.
• Maintain accurate records of business development activities and pipeline management using CRM tools.

• Bachelor's degree in Finance, Economics, Business, or related field.
• Professional designations strongly preferred: CFA, CFP, CPA.
• Licensing preferred: MSRB Series 50 or 54.
• Minimum 7 years of experience in institutional advisory, investment consulting, or related financial services.
• Proven track record of successful business development with commercial, nonprofit or public sector clients.
• Deep understanding of fiduciary standards, investment policy consultation, regulatory requirements and portfolio construction.
• Exceptional communication, presentation, and interpersonal skills.
• Ability to work independently and collaboratively in a fast‑paced, client‑focused environment.
• Passion for serving mission‑driven organizations and public institutions.
• Strong understanding of nonprofit governance, public finance and regulatory frameworks.
• Entrepreneurial mindset with proactive client acquisition.
• High ethical standards and commitment to client service.
• Experience with OCIO services, public finance or nonprofit investment management is a plus.

Competitive base salary ($100,000–$140,000 annually) plus bonus and/or incentive opportunities. Comprehensive benefits package includes medical, dental, vision, life and long‑term disability insurance, 401(k) and ESOP for retirement savings, generous paid time off, parental and bereavement leave, learning and development resources, and community support through paid volunteer time and donation match.

Position typically performed in an office setting. Requires sitting for extended periods and occasional lifting or moving supplies up to 20 pounds. Ergonomic safeguards are used to ensure safety.

Alerus is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Alerus is a protected veteran, women, minority or disabled applicant.