Alerus · 5 months ago
Special Credit Services Officer II
Grand Forks, ND
Full-time
Onsite
Mid, Senior Level
$82K/yr - $114K/yr
5+ years expAlerus is a commercial wealth bank and national retirement provider dedicated to helping clients achieve their financial goals. The Special Credit Services Officer is responsible for managing a portfolio of problem loans and ensuring compliance with banking regulations while maximizing value and minimizing loss.
BankingFinancial ServicesVenture Capital
Responsibilities
Negotiating and implementing action plans and workouts with borrowers
Documenting action plans and recommendations utilizing standardized credit underwriting packages and problem loan reports
Communicating workout strategies with senior management, credit underwriters, participating banks and government agencies
Maintaining a proficient knowledge of applicable banking rules and regulations as well as bankruptcy, foreclosure, and collection law
Serving as subject matter expert and providing guidance and recommendations for loans not assigned to SCS as requested
Engaging real estate brokers, auctioneers and other third parties to liquidate foreclosed and repossessed assets as necessary
Supporting internal and external audits or examinations of the assigned portfolio
Qualification
Required
Bachelor's degree in business administration, finance, or accounting or equivalent work experience
5-7 years of commercial loan experience with an emphasis on commercial lending, underwriting, and/or workout
Ability to analyze credit records, financial statements, and legal documentation
Ability to adhere to established governmental compliance regulations, bank policies and procedures
Ability to prioritize and meet deadlines on multiple tasks through effective time management and organizational skills
Ability to work independently and in a team-oriented environment
Ability to accept, support, and implement continuous change
Effective written and verbal communication skills
Preferred
Experience working with SBA 7a and 504 loans
Benefits
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.
Company
Alerus
Alerus (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2019-09-12IPO
Leadership Team
Al Villalon
Executive Vice President, Chief Financial Officer at Alerus (NASDAQ: ALRS)
Kris Compton
Chief Operating Officer
Recent News
2026-01-05
Morningstar.com
2025-12-30
2025-09-02
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