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Alerus · 3 months ago

Underwriter III, CML

Grand Forks, ND

Full-time

Onsite

Senior Level

$95K/yr - $150K/yr

5+ years exp

Alerus is a commercial wealth bank and national retirement provider focused on helping clients achieve their financial goals. The Commercial Credit Underwriter III is responsible for underwriting and monitoring a portfolio of complex commercial and industrial loans, determining credit worthiness, and ensuring compliance with bank regulations.

BankingFinancial ServicesVenture Capital

Responsibilities

Supports the loan decision making process by providing quality, in-depth credit analysis for complex C&I as well as OO and/or commercial RE loans

Develops comprehensive understanding of customer financial needs and project feasibility Recommends a plan of action while working collaboratively with Business Advisors and RCO regarding loan structure, monitoring and servicing loan relationship

Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay

Writes cogent credit narratives and perform advanced risk assessments of products, policy, structure, terms and financial strength with minimal to moderate guidance/feedback

Attends loan committee and support Business Advisors in addressing questions on submitted requests

Completes quarterly/annual loan reviews and renewals within required timeframes and with minimal guidance

Ensures loan requests adhere and comply with applicable bank regulations, policies and procedures

Qualification

Credit analysisCommercial underwritingFinancial analysisLoan documentationWritten communicationOral communicationProblem-solving

Required

Bachelor's degree or equivalent education, including upper-level courses in finance and accounting

5-8 years of experience in a previous commercial underwriter position

4+ years of experience working with large, complex business banking and commercial and industrial loans

Self-motivated and demonstrates strong written and oral communication skills

Problem-solving capabilities

Preferred

In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred, but not required

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.