Commercial Lending Operations Associate

Alerus; Saint Paul (MN); On-site; USD 34,000 - 41,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Paid time off

401(k) and ESOP

Volunteer time and donation match

Job summary

Alerus is seeking an organized Commercial Banking Administrative Associate to support bankers with pre-closing fulfillment and ongoing administrative tasks for loan and deposit relationships in Saint Paul, MN.

You will manage loan applications and due diligence, coordinate closings, maintain documents in Nautilus and internal systems, and partner with underwriting and relationship managers to deliver accurate, high-quality client service.

Qualifications

• Bachelor’s degree or equivalent combination of education and/or related experience in the financial industry.
• Minimum of 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.

Responsibilities

• Manage commercial loans through the loan origination workflow system from application through post-closing and completion.
• Enter complete and accurate loan applications; perform pre-closing and post-closing due diligence, and documentation review.
• Coordinate loan closing with title companies, attorneys, and internal partners; submit requests for loan documentation preparation.
• Work closely with Bankers and clients to obtain required information for submission to underwriting and/or ongoing tickler file monitoring.
• Manage loan closing pipelines and assist with coordinating loan closing timelines and client communications with Bankers.
• Indexes and maintain financial and supporting documentation within Nautilus and other internal systems.
• Responsible for obtaining and maintaining required KYC, CIP, CDD and Beneficial Ownership for commercial loan and deposit clients.
• Assist with opening commercial depository accounts for assigned Bankers, collaborating with Commercial Deposit Specialists, Treasury Management, Private Banking or Retail partners as needed.
• Provide superior customer service and acts as a point person in resolving client issues for assigned Banker portfolios.
• Coordinates with Bankers and enters business overdraft and refund decisions; escalating approvals per credit policy.

Skills

Communication skills

Organizational skills

Adaptability

Accuracy & detail orientation

Education

Bachelor’s degree or equivalent in finance/related field

Tools

Nautilus

Job description

Alerus is seeking an organized Commercial Banking Administrative Associate to support bankers with pre-closing fulfillment and ongoing administrative tasks for loan and deposit relationships in Saint Paul, MN.

You will manage loan applications and due diligence, coordinate closings, maintain documents in Nautilus and internal systems, and partner with underwriting and relationship managers to deliver accurate, high-quality client service.