Commercial Banking Associate

Alerus • New Brighton, MN

2d • $30 - $40 • Onsite

About The Position

The Commercial Banking Associate supports Bankers by providing pre-closing fulfillment and ongoing administrative support for commercial lending and deposit relationships. This role assists with coordinating and reinforcing the sales and client service efforts of the commercial banking team by managing documentation, due diligence, and operational workflows to ensure adherence to approved terms and regulatory requirements. It will be expected to maintain a customer focus and to partner closely with underwriting, relationship management, loan operations, and internal experts to deliver a consistent, high-quality client experience while maintaining a strong focus on accuracy, organization, and service delivery. This position will be one of the main contacts for mentorship, training, testing and escalations for complex transactions.

Requirements

• Bachelor’s degree or equivalent combination of education and/or related experience in the financial industry
• 5-7 years in a Commercial Lending Support role
• Thorough knowledge of commercial lending and deposits, bank operations, products and services, and regulatory requirements
• 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 commercial loan origination workflow system from application through post-closing and completion
• Enters complete and accurate loan applications; performs 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
• Assigned to support more complex and/or higher volume lending portfolios and transactions
• Works 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
• Serve as mentor to other Commercial Banking Associates regarding systems, processes, due diligence and regulations related to commercial lending

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
• 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
• Education Level: Associate degree