Underwriter II, CRE

Overview

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The Underwriter II, CRE is accountable for a portfolio of commercial loans generally varying in loan size from $750,000 to $3,500,000, including underwriting credit risk and granting credit approval within prescribed loan authority in conjunction with Lead or Senior Underwriters, or presenting credit recommendations 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.

• 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.

• Bachelor's degree or equivalent education to include upper-level courses in finance and accounting.
• 5-7 years of experience working with agricultural or commercial loans.
• In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred.
• Experience assessing, selling, and closing all types of agricultural, commercial, and commercial real estate loans.

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.

EEO Statement: 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.

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. The employee may occasionally lift or move supplies and materials up to 20 pounds.