Commercial Banking Associate - Deposit Support

Alerus • Minnetonka, MN

3d • $22 - $30 • Onsite

About The Position

The Commercial Banking Associate – Deposit Support provides critical, comprehensive support to Bankers specializing in deposit clients, such as commercial businesses, government entities, and nonprofit organizations. The position involves managing specialized banking solutions tailored to each sector’s unique needs, ensuring efficient account management, regulatory compliance, and exceptional customer service. With a strong focus on detail and organization, this position serves as the operational backbone of the team, helping to maintain smooth client relationships and internal coordination.

Requirements

• Associate’s degree or equivalent combination of education and/or related experience in the financial services industry
• 1+ year of commercial, government, or nonprofit administration and/or deposit/investment experience
• Understanding of commercial 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 with proven time management, problem-solving skills and resourcefulness.
• 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
• High level of discretion, professionalism and collaboration skills
• Proactive, detail-oriented, resourceful and thrives in a fast-paced, client-focused environment

Responsibilities

• Serve as a point of contact with deposit clients being a liaison between relationship managers and clients, ensuring timely responses and follow-ups.
• Coordinate scheduling of client meetings, events, and follow-up activities.
• Support relationship management efforts by preparing briefing materials and client insights.
• Assist in onboarding new deposit clients and maintenance efforts, including documentation and compliance coordination.
• Provide outstanding service to deposit clients, addressing inquiries, resolving issues, and assisting with various banking needs; includes understanding the specific regulatory and operational requirements of specialized entities.
• Perform accurate and timely account maintenance tasks, including opening of new accounts, updating client information, and processing transactions, oversee the request and fulfillment process for client checks and debit cards.
• Ensure adherence to KYC, CIP, CDD, BSA processes, policies and regulatory requirements.
• Perform Commercial Deposit Signature Card and Master Resolution maintenance.
• Track sales pipeline activity using CRM tools, support the preparation of credit packages, proposals, and term sheets.
• Collaborate closely with Bankers, providing comprehensive administrative and operational support to help them manage and grow their client portfolios; includes monitoring reports, gathering client documentation, and assisting with client follow-ups, often involving complex financial structures and Treasury Management structures, attending and preparing internal team meeting minutes, researching and compiling market and industry relevant data.
• Assist in the preparation of professional presentations that cater to specialized sectors for deposit clients.
• Help format and prepare professional proposals for clients, ensuring accuracy, clarity, and adherence to brand guidelines, as well as specific Request for Proposal (RFP) requirements.
• Monitor, coordinate, and (in many cases), act as the first point of contact to ensure clients requested commercial banking, investment, ARB and Treasury Management referrals are seamlessly transitioned.
• Coordinate and support general internal partner management efforts.
• Responsible for managing the accuracy of data within internal applications across internal partner departments.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 501-1,000 employees