Underwriter II, CRE

Underwriter II, CRE

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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 skill媲 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< contato s>
The Underwriter II, CRE is accountable for a portfolio of commercial loans generally varying in loan relationships size of $750,000 to $3,500,000, including underwriting credit risk and granting credit approval within prescribed level of loan authority in conjunction with Lead or Senior Underwriters, or presenting credit recommendation to Loan Committee; facilitating loan closing; and servicing booked loans. Contributes to faldig effective risk management through ordering and execution of loan documentation and ongoing monitoring of customer-supplied information and collateral administration.

What you'll be doing

• Provide in-depth credit and risk analysis and communicate underwriting results with Financial Guide and customer.
• Approve or decline commercial credit applications to contribute to sound loan portfolio management.
• Develop a comprehensive understanding hunter customer's financial needs and formulate a plan for loan structure and servicing.
• Perform financial statement forecasting and sensitivity analysis to determine borrower's capacity to repay debt.
• Write credit narratives and perform risk assessments of product, policy, structure, terms, and customer financial strength.
• Independently grade all credits in accordance with the bank's credit classification system.
• Ensure proper documentation and closing of loan transactions and conduct ongoing account monitoring.
• Meet with customers to close loan transactions and maintain consulting credit relationships.
• Identify potential new lending needs in existing relationships and suggest solutions.
• Participate in research projects and maintain industry knowledge.

What you should have

• Bachelor's degree or equivalent education to include upper-level courses in finance and accounting.
• 5-7 years of experience working with Ag or commercial loans.
• In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred.
• Experience assessing, selling, and closing all types of agricultural, commercial, and commercial real estate loans.

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-preflect 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-flow move supplies and materials up to 20 pounds.

Base Pay Range

$80,000 - $110,000 annually

Th above information in this description has been designed to indicate the general nature and level of work performed…