Commercial Banking Associate

Commercial Banking Associate

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 Banking Associate position is pre-closing fulfillment of commercial lending transactions through assisting, coordinating, and reinforcing the sales efforts of the commercial banking staff. Managing the administrative work and due diligence related to commercial banking and lending to ensure adherence to the approved transaction. It will be expected to maintain a customer focus and will partner with underwriting, relationship management and loan operations to deliver superior customer experience.

What you'll be doing :

• Manage commercial loans through Commercial Lending Delivery (CLD) workflow system from application through post-closing and completion.
• Enters complete and accurate applications, performs pre-closing and post-closing due diligence, coordinates loan closing with title companies and attorney, and submits request for preparation of loan documentation.
• Works closely with Business Advisors to contact clients to obtain required items for submission to underwriting and / or ongoing tickler file monitoring.
• Manage loan closing pipeline and coordinate loan closing dates with Business Advisor.
• Indexes financial and supporting documentation for loan files to Nautilus.
• Responsible for obtaining KYC, CIP, CDD and Beneficial Ownership for commercial loan and deposit clients.
• Opens commercial depository accounts for assigned Business Advisors and collaborates with Treasury Management, Private Banking or Retail teams to facilitate client needs.
• Provides general customer service and acts as a point person in resolving client issues for assigned Business Advisor portfolio.
• Coordinates with Business Advisor and enters business overdraft and refund decisions. Escalates decision approvals according to credit policy's approval limit authority.

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.

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.