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Alerus · 3 months ago

Senior Commercial Credit Officer, C&I Middle Market Lending

St Paul, MN

Full-time

Onsite

Senior Level, Lead/Staff

$135K/yr - $170K/yr

10+ years exp

Alerus is a commercial wealth bank dedicated to helping clients achieve their financial goals. The Senior Commercial Credit Officer will oversee the loan approval process and manage the underwriting team for C&I Middle Market lending, ensuring compliance with loan policies and maintaining credit quality.

BankingFinancial ServicesVenture Capital

Responsibilities

This position is responsible for providing credit support to both Business Advisors and Underwriters on C&I Middle Market credit requests in the decisioning, administering and overseeing of commercial credit as outlined in the bank’s loan policy

In partnership with the Business Advisor and Underwriter, develop a comprehensive understanding of customer’s financial needs, and formulate a plan of action for loan structure, monitoring, and servicing of loan relationship. Work with Commercial Bankers and credit staff to properly structure credit requests to achieve quality loan growth

Knowledgeable of and ability to propose loan programs as appropriate (SBA, USDA, FSA, etc.)

Support the bank’s growth and loan quality goals by ensuring that loan policies and procedures are properly adhered to

Approve loans within the positions delegated credit authority and facilitate approvals for relationships requiring higher level of approval

Manage workflow among underwriters, conduct weekly team meetings to discuss workloads and reassign priorities as needed to ensure timely completion in line with client expectations

Provide day-to-day oversight, monitoring, and performance management of staff. Create performance plans and ensure timely reviews for all underwriting staff

Manage ongoing administration of credit relationships through oversight of annual review process, management of ticklers and payment status

Assist, as necessary, with regulatory and internal audit reviews and internal credit reviews

Participate in projects as directed by the CCO as a credit subject matter expert

Qualification

C&I commercial creditLoan approval authorityPersonnel managementFinancial analysisRegulatory complianceCustomer serviceProblem-solvingWritten communicationOral communicationNegotiation skillsInterpersonal skillsSelf-starter

Required

Bachelor's degree or equivalent education, including upper-level courses in finance and accounting

10+ years of experience working in C&I commercial credit, including approval authority

5-7 years of experience in personnel management and supervision

Strong desire to build relationships within the Alerus organization and effective working relationships with co-workers in credit and business development positions

Strong problem-solving ability

Professional customer service skills

Strong written and oral communication skills

Strong negotiation and interpersonal relationship skills

Self-starter with established ability to work effectively with minimal day-to-day supervision

Benefits

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.