Alerus · 17 hours ago
Underwriter I, Business Banking
Twin Cities Area
Full-time
Onsite
Entry Level
$60K/yr - $80K/yr
1+ years expAlerus is a commercial wealth bank and national retirement provider focused on helping clients achieve their financial goals. The Business Banking Underwriter I is responsible for underwriting and monitoring a portfolio of business banking level commercial and industrial loans, proposing lending solutions, and assessing credit risk.
BankingFinancial ServicesVenture Capital
Responsibilities
Centralized Underwriting for new loans, modifications and renewals
Propose Lending Solutions
Underwrite Credit Risk
Complete Annual Reviews
Provides Support to the Commercial & Business Bankers
Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay
Develop a comprehensive understanding of customer’s financial needs and formulate a plan for loan structure and servicing
Writes cogent credit narratives and perform advanced risk assessments of products, policy, structure, terms and financial strength with minimal to moderate guidance/feedback
Collaborate with bankers and Regional Credit Officers to structure loan terms that align with the bank’s risk appetite and client needs
Independently grades all credits in accordance with Bank’s credit classification system
Monitor existing loan portfolio performance and proactively identify early warning signs of credit deterioration or covenant breaches
Ensures loan requests adhere and comply with applicable bank regulations, policies and procedures
Stay updated on economic trends, industry developments, and regulatory changes impacting credit underwriting and commercial lending practices
Qualification
Required
Bachelor's degree or equivalent education including upper-level courses in finance and accounting
1-3 years of experience in a previous credit analyst or underwriter position
Preferred
1+ years of experience working with commercial and industrial, commercial real estate and agricultural lending
In-depth knowledge of straightforward to medium complexity loan documentation, banking laws, and regulations
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.
Company
Alerus
Alerus (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2019-09-12IPO
Leadership Team
Al Villalon
Executive Vice President, Chief Financial Officer at Alerus (NASDAQ: ALRS)
Kris Compton
Chief Operating Officer
Recent News
2026-01-05
Morningstar.com
2025-12-30
2025-09-02
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