Commercial Banking Associate

We are Alerus, a commercial wealth bank and national retirement provider that helps clients achieve their financial goals. We value integrity, collaboration, and growth, and we are looking for a Commercial Banking Associate to support pre‑closing and post‑closing activities for commercial lending transactions.

• Manage commercial loans through the Commercial Lending Delivery (CLD) workflow system from application to post‑closing completion.
• Enter complete and accurate applications, perform pre‑closing and post‑closing due diligence, and coordinate loan closing with title companies and attorneys.
• Submit requests for preparation of loan documentation and coordinate with Business Advisors to obtain required items for underwriting or ongoing tickler file monitoring.
• Manage the loan closing pipeline and coordinate closing dates with Business Advisors.
• Index financial and supporting documentation for loan files into Nautilus.
• Obtain KYC, CIP, CDD, and Beneficial Ownership information for commercial loan and deposit clients.
• Open commercial depository accounts for assigned Business Advisors and collaborate with Treasury Management, Private Banking, or Retail teams to facilitate client needs.
• Provide general customer service and act as a point person in resolving client issues for assigned Business Advisor portfolios.
• Coordinate with Business Advisors and enter business overdraft and refund decisions.
• Escalate decision approvals according to credit policy approval limits.

• Bachelor’s degree or equivalent combination of education and experience in the financial industry.
• Minimum of 1 year of commercial lending and/or deposit experience.
• Understanding of commercial lending and deposit products, bank operations, 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.

• Competitive compensation, including base salary, bonus, and/or incentive opportunities.
• Comprehensive benefits package: medical, dental, vision, life and long‑term disability insurance, plus 401(k) and ESOP for retirement savings.
• Generous paid time off: 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, wellness tools, and discounts on Alerus products and services.
• Support for community engagement through paid volunteer time and company donation match opportunity.

Work is typically performed in an office setting. Employees are regularly required to sit for extended periods of time, occasionally move about the office using ergonomic safeguards, and may lift or move supplies up to 20 lbs.

$24.50 – $30.00 per hour

Alerus is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities.