Alerus · 3 months ago
Underwriter II, CRE
Fargo, ND
Full-time
Onsite
Mid, Senior Level
$80K/yr - $110K/yr
5+ years expAlerus is a commercial wealth bank and national retirement provider focused on helping clients achieve their financial goals. The Underwriter II, CRE is responsible for underwriting credit risk for a portfolio of commercial loans, facilitating loan closings, and servicing booked loans while contributing to effective risk management.
BankingFinancial ServicesVenture Capital
Responsibilities
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 of 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
Qualification
Required
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
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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