Senior Loan Collateral Expert

Alerus Financial; Eagan (MN); On-site; USD 32,000 - 39,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) and ESOP

Paid time off

Job summary

Alerus Financial in Minnesota is seeking a Senior Loan Operations Collateral Specialist to administer and safeguard the bank's collateral position across the loan lifecycle. You will handle lien perfection, UCC filings, title administration, collateral releases, and related documentation, while ensuring compliance with policies and regulatory standards.

The role requires leadership of collateral portfolios across commercial, real estate, and consumer loans, plus collaboration with lenders and

Qualifications

• Associate's degree or equivalent in the financial industry.
• Minimum 6 years of related loan operations experience.
• Strong communication and client-service skills.
• Ability to manage high-volume, time-sensitive transactions.
• Experience with system management and upgrades testing.
• Detail-oriented with accuracy and adaptability to change.

Responsibilities

• Serve as the Bank's senior subject matter expert for collateral administration, ensuring proper perfection and protection throughout the loan lifecycle.
• Administer and oversee complex collateral portfolios across commercial, consumer, real estate, floor plan, and specialty lending with timely lien perfection and releases.
• Ensure timely collateral-related activities including UCC filings, continuations, title administration, mortgage recordings, and related documentation.
• Assist in collateral monitoring, including force-placed insurance, flood compliance, and real estate tax monitoring.
• Assist in escrow administration functions and related servicing activities.
• Provide guidance to lenders and partners regarding collateral requirements, lien priority, and perfection standards.

Skills

Collateral administration

Lien perfection

UCC filings

Complex portfolio management

Vendor management

Process improvement

Education

Associate's degree

Job description

Alerus Financial in Minnesota is seeking a Senior Loan Operations Collateral Specialist to administer and safeguard the bank's collateral position across the loan lifecycle. You will handle lien perfection, UCC filings, title administration, collateral releases, and related documentation, while ensuring compliance with policies and regulatory standards.

The role requires leadership of collateral portfolios across commercial, real estate, and consumer loans, plus collaboration with lenders and