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Underwriter, Business Banking III

The Business Banking Underwriter III is accountable for underwriting and monitoring a portfolio of business banking level commercial and industrial (C&I) loans ranging in size from $1,000,000 to $5,000,000. The portfolio may also include owner occupied and / or small investor commercial real estate loans. Will partner with Commercial & Business Bankers 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 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 YOU'LL BE DOING :

• Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay.
• Develop a comprehensive understanding of customer's financial needs and formulate a plan for loan structure and servicing.
• Writes cogent credit narratives and perform advanced risk assessments of products, policy, structure, terms and financial strength with minimal to moderate guidance / feedback.
• Collaborate with bankers and Regional Credit Officers to structure loan terms that align with the bank's risk appetite and client needs.
• Independently grades all credits in accordance with Bank's credit classification system.
• Monitor existing loan portfolio performance and proactively identify early warning signs of credit deterioration or covenant breaches.
• Ensures loan requests adhere and comply with applicable bank regulations, policies and procedures.
• Stay updated on economic trends, industry developments, and regulatory changes impacting credit underwriting and commercial lending practices.

WHAT YOU SHOULD HAVE :

WHAT WE BRING TO THE TABLE :

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.

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.

BASE PAY RANGE : $70,000 - $82,000 per year