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Alerus · 1 month ago

Commercial Banking Associate

Hopkins, MN

Full-time

Onsite

Entry Level

$24.50/hr - $30/hr

1+ years exp

Alerus is a commercial wealth bank and national retirement provider dedicated to helping clients achieve their financial goals. The Commercial Banking Associate will manage the pre-closing fulfillment of commercial lending transactions and coordinate efforts with the commercial banking staff to ensure a superior customer experience.

BankingFinancial ServicesVenture Capital

Responsibilities

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

Qualification

Commercial lending experienceBank operations knowledgeFinancial documentation indexingCustomer service skillsEffective communicationOrganizational skillsFlexibilityAdaptabilityAttention to detail

Required

Bachelor's degree or equivalent combination of education and/or related experience in the financial industry

1+ year of commercial lending and/or deposit experience

Understanding of commercial lending and deposits, bank operations, products and services, business entity structure and documentation

Capacity to manage and stay organized while working with high volume, time sensitive transactions and portfolios

Ability to be flexible, implement continuous change and demonstrate a positive attitude

High level of commitment to accuracy and detail

Effective written and verbal communication skills

Benefits

Comprehensive benefits package provides 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.