Senior Loan Collateral Lead

Alerus; Eagan (MN); On-site; USD 65,904,000 - 80,231,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Generous paid time off

Learning and development

Financial wellness tools

Volunteer time and donation match

Job summary

Alerus is seeking a Senior Loan Operations Collateral Specialist to administer and safeguard the bank's collateral position across the loan lifecycle. This role executes lien perfection, UCC filings, title administration, collateral releases, force place insurance monitoring, flood compliance, and real estate tax monitoring.

The individual will advise lenders, credit administration, loan operations, and other partners on collateral requirements, perfection standards, and risk controls, while

Qualifications

• Associate's degree or equivalent combination of education and/or related experience in the financial industry.
• 6 years of related experience in loan operations knowledge of collateral documentation, collateral tracking, and collateral management processes.
• High level of communication and client-service skills.
• Ability to manage high volume, time sensitive transactions and situations.
• Experience in system management, evaluating and testing system upgrades.
• Excellent organizational and time management skills, with the ability to provide support and training for the loan team.
• Ability to carry out the work of loan programs and projects, to include availability to work after hours to support business needs.
• High level of commitment to accuracy and detail.
• Ability to accept, support and implement continuous change.

Responsibilities

• Serve as the Bank's senior subject matter expert for collateral administration activities, ensuring the Bank's security interests are properly perfected, maintained, and protected throughout the loan lifecycle.
• Administer and oversee complex collateral portfolios across commercial, consumer, real estate, floor plan, and specialty lending, ensuring timely and accurate execution of lien perfection, collateral maintenance, monitoring, modifications, and release activities.
• Ensure timely and accurate completion of collateral-related activities, including UCC filings and continuations, title administration, mortgage recordings, collateral modifications, releases, and related documentation.
• Assist in collateral monitoring activities, including force-placed insurance administration, flood compliance and real estate tax monitoring.
• Assist in escrow administration functions, including new account setup and related servicing activities.
• Provide guidance and consultation to lenders, credit administration, loan operations, and other business partners regarding collateral requirements, lien priority, and perfection standards.
• Assist in complex collateral-related inquiries, exceptions, audits, examinations, and servicing matters.
• Oversee third-party vendors supporting collateral perfection functions, ensuring service quality, operational effectiveness, regulatory compliance, and adherence to Bank policies and service-level expectations.
• Identify and recommend process improvements, automation opportunities, and control enhancements to improve efficiency, reduce risk, and strengthen collateral perfection & release operations.
• Develop and maintain procedures, job aids, and operational documentation to promote consistency, accuracy, and compliance for collateral perfection.

Skills

Collateral knowledge

Communication

Time management

System management

Organizational skills

After-hours support

Attention to detail

Change management

Education

Associate's degree or equivalent in finance

Job description

Alerus is seeking a Senior Loan Operations Collateral Specialist to administer and safeguard the bank's collateral position across the loan lifecycle. This role executes lien perfection, UCC filings, title administration, collateral releases, force place insurance monitoring, flood compliance, and real estate tax monitoring.

The individual will advise lenders, credit administration, loan operations, and other partners on collateral requirements, perfection standards, and risk controls, while