Senior Institutional Advisor

Institutional Advisor

Alerus is a commercial wealth bank and national retirement provider with one core purpose : helping clients achieve their financial goals. 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.

About The Role

Alerus is seeking a strategic and relationship-driven Institutional Advisor to lead business development efforts with commercial banking, nonprofit organizations and government entities in the Minneapolis and Phoenix metro areas. This role is ideal for a seasoned professional with deep financial expertise and a passion for serving mission-driven institutions and public sector organizations. The successful candidate will be responsible for identifying new opportunities, cultivating long-term relationships, and delivering tailored investment and advisory solutions that align with client objectives and fiduciary responsibilities.

What You'll Be Doing

• Develop and execute a regional business development strategy targeting nonprofit organizations, foundations, endowments, and government entities.
• Build and maintain strong relationships with key decision-makers, boards, and finance committees.
• Serve as a trusted advisor, providing guidance on investment strategy, fiduciary oversight, governance, and financial planning.
• Collaborate with internal teams across retirement, investment, wealth, and banking services to deliver integrated solutions.
• Represent Alerus at industry events, conferences, and community engagements to enhance visibility and generate leads.
• Prepare and present customized proposals, RFP responses, and investment reviews.
• Maintain accurate records of business development activities and pipeline management using CRM tools.

What You Should Have

What We Bring To The Table

Competitive compensation including base salary, bonus and / or incentive opportunities. 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.

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 - $120,000 annually plus incentive compensation.

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.