Underwriter II, CRE

Description

WHO ARE WE : 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 Underwriter II, CRE is accountable for portfolio of commercial loans generally varying in loan relationships size of $750,000 to $3,500,000, including underwriting credit risk and granting credit approval within prescribed level of loan authority in conjunction with Lead or Senior Underwriters, or presenting credit recommendation to Loan Committee; facilitating loan closing; and servicing booked loans. Contributes to effective risk management through ordering and execution of loan documentation and ongoing monitoring of customer-supplied information and collateral administration.

WHAT YOU'LL BE DOING :

• 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.

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.

BASE PAY RANGE :

$80,000 - $110,000 annually

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.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.