Commercial Quality Assurance Associate III

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.

Passion for Excellence ::
Success is Never Final ::
Do the Right Thing ::
One Alerus

The Commercial Quality Assurance Associate III is responsible for reviewing commercial loan documentation to ensure accurate and complete closing packages relative to credit approvals, documentation standards, processes, and regulatory compliance. The review of loan documentation occurs prior to loan closing to ensure the loan fulfillment process is duly authorized and completed accurately and completely. The incumbent is responsible for presenting documentation errors or deficiencies for resolution and correction.

Post‑closing this position will provide commercial portfolio management, and onboard necessary tracking items for the relationship. This position will also conduct post‑closing review tasks to ensure accuracy of tracking systems, coding, risk ratings, annual review tracking, and perfection review. The position is expected to perform job functions within service level agreements to meet client closing expectations and deadlines. This position is considered a subject matter expert in in‑house and legally prepared loan packages.

The incumbent of this position will be responsible for writing procedures and training team members.

• Review drafted loan documentation packages for accuracy and completion relative to credit approvals, documentation standards, process requirements, and regulatory compliance
• Read and review the credit approval and various borrower and collateral due diligence documents and the commercial loan origination system data inputs to assess accuracy of documentation package
• Confirm accuracy of loan agreements and guarantees relative to required monitoring and covenants
• Communicate any documentation or system inaccuracies to the appropriate team members
• Onboard necessary tracking items
• Commercial portfolio management, including but not limited to, insurance follow up, annual review file preparation, and paid loan processing
• Confirm accuracy of core and tracking items
• Perform perfection review
• Write procedures and train as needed

• Bachelor's degree in business related field or equivalent experience in the financial industry.
• 5-7 years of commercial loan documentation experience
• Prior experience in a quality control review function of loan documentation preferred
• High attention to detail
• Strong ability to focus and concentrate
• Ability to prioritize tasks and manage time
• Ability to work independently and in a team‑oriented environment
• Professional appearance and attitude
• Commitment to continued learning

• 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 is typically performed in an office setting. The employee is regularly required to sit for extended…