Underwriter II, CML

Alerus • Fargo, ND

17h • $72,000 - $100,000

About The Position

The Commercial Credit Underwriter II underwrites and monitors a portfolio of medium complexity, business banking to large commercial and industrial (C&I) loans ranging in size from $1,000,000 to $25,000,000. Assigned portfolio may also include Owner Occupied and/or small investor Commercial Real Estate loans. Will partner with Business Advisors to propose and negotiate lending solutions on new opportunities and underwrite credit risk. Responsible for determining the credit worthiness of borrowers and/or sponsors and recommending credit decisions. Monitors assigned portfolio credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable. Keeps apprised of industry related issues to analyze and determine their impact on specific industries, clients, or Alerus C&I portfolios. Performs all duties in accordance with policies, procedures, and regulatory requirements.

Requirements

• Bachelor’s degree or equivalent education, including upper-level courses in finance and accounting.
• 3-5 years of experience in a previous commercial underwriter position.
• 2+ years of experience working with business banking commercial and small commercial real estate and at least one year of exposure to large, complex commercial and industrial loans.
• In-depth knowledge of medium complexity loan documentation, banking laws, and regulations preferred, but not required.
• Self-motivated and demonstrates strong written and oral communication skills.
• Problem-solving capabilities.

Nice To Haves

• In-depth knowledge of medium complexity loan documentation, banking laws, and regulations preferred, but not required.

Responsibilities

• Supports the loan decision making process by providing quality, in-depth credit analysis for medium complexity business banking to large C&I and OO commercial RE loans.
• Develops thorough understanding of customer financial needs and project feasibility. Works collaboratively with Business Advisors and RCO regarding loan structure, monitoring and servicing loan relationship.
• Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay.
• Writes cogent credit narratives and perform risk assessments of products, policy, structure, terms and financial strength with minimal to moderate guidance/feedback.
• Attends loan committee and support Business Advisors in addressing questions on submitted requests.
• Completes quarterly/annual loan reviews and renewals within required timeframes.
• Ensures loan requests adhere and comply with applicable bank regulations, policies and procedures.

Benefits

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees