Commercial Banking Associate

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 Banking Associate position is pre‑closing fulfillment of commercial lending transactions through assisting, coordinating, and reinforcing the sales efforts of the commercial banking staff. Managing the administrative work and due diligence related to commercial banking and lending to ensure adherence to the approved transaction. It will be expected to maintain a customer focus and will partner with underwriting, relationship management and loan operations to deliver superior customer experience.

• Manage commercial loans through Commercial Lending Delivery (CLD) workflow system from application through post‑closing and completion.
• Enter complete and accurate applications, perform pre‑closing and post‑closing due diligence, coordinate loan closing with title companies and attorney, and submit request for preparation of loan documentation.
• Work closely with Business Advisors to contact clients to obtain required items for submission to underwriting and/or ongoing tickler file monitoring.
• Manage loan closing pipeline and coordinate loan closing dates with Business Advisor.
• Index financial and supporting documentation for loan files to Nautilus.
• Responsible for obtaining KYC, CIP, CDD and Beneficial Ownership 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 portfolio.
• Coordinate with Business Advisor and enter business overdraft and refund decisions. Escalate decision approvals according to credit policy's approval limit authority.

• Bachelor's degree or equivalent combination of education and/or related experience in the financial industry.
• 1+ year of commercial lending and/or deposit experience.
• Understanding of commercial lending and deposits, bank operations, products and services, 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 provides 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 periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic…