Business Banking Underwriting Manager

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE:

The Business Banking Underwriting Manager oversees credit decisions and manages the workflow and production of the Business Banking Underwriting Team. Conducting staff performance planning, training, and development. Ensuring compliance with loan policies, underwriting guidelines, and regulations. Providing oversight to address credit risks and solutions. Reviewing and deciding on credit recommendations from underwriting staff. Collaborating with and offering guidance to Lenders and underwriting staff as needed.

WHAT YOU'LL BE DOING:

• Responsible for the development and training of underwriters. Includes the onboarding and training of new underwriters as well as the growth and development of seasoned underwriters.
• Responsible for reviewing underwriters' work and providing feedback to foster development and ensure consistency with a high standard of underwriting excellence.
• In partnership with Business Banking RCO, lenders, and underwriters, develop a comprehensive understanding of a borrower's financial needs and formulate a plan of action for loan structure, monitoring, and servicing of loan relationship.
• Conduct regular team meetings to discuss workloads and assign priorities as needed to ensure timely completion. Share updates and expectations that pertain to business banking underwriting to ensure adherence to loan policy, procedure, and regulation.
• Conduct monthly one on one meetings with underwriters to communicate performance expectations and review performance plans
• Assist as necessary with regulatory and internal audit/file reviews.
• Prepare detailed credit memorandums for commercial loan requests, clearly presenting findings and recommendations.
• Analyze financial statements, tax returns, credit reports, and collateral to assess borrower creditworthiness and identify potential risks.
• Monitor existing business banking commercial loan portfolio through interim financial reviews and annual credit assessments.
• Ensure compliance with business banking lending policies and procedures.

WHAT YOU SHOULD HAVE:

• Bachelor's degree or equivalent education including upper-level courses in finance and accounting.
• 5-7 years of experience working in commercial credit.
• 1-2 years of experience in personnel management and supervision.
• Strong desire and ability to build relationships within the Alerus organization.
• Strong problem-solving ability with strong negotiation and interpersonal relationship skills.
• Self-starter with established ability to work independently with minimal day-to-day supervision.
• Self-assured, good analytical skills, team player and leadership skills.

WHAT WE BRING TO THE TABLE:

• 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.

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.