What are the responsibilities and job description for the Special Credit Services Portfolio Manager position at Alerus?
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:
This position within the Special Credit Services team supports the SCS officers and is responsible for credit underwriting and portfolio management of the credits managed by this team. The analyst will primarily prepare and present special asset credit reports, including gathering, analyzing and interpreting all types of credit information and will partner with the SCS officer on workout strategies. The position will also compile and prepare management reporting as to past due loans, non-accruals and charge off recommendations. The analyst will also have the opportunity to manage a portfolio of diverse credit types and structures.
WHAT YOU’LL BE DOING:
- Preparing quarterly special asset reports.
- Underwriting credit actions for SCS Officers including providing analysis and rational for risk rating changes as well as non-accrual and charge off recommendations.
- Partnering with the SCS Officer in the development of workout plans.
- Managing a portfolio of credits as assigned under the supervision of a SCS Officer.
- Maintaining a proficient knowledge of applicable banking rules and regulations as well as bankruptcy, foreclosure, and collection law.
- Supporting SCS Officers in engaging legal, real estate brokers, auctioneers and other third parties to collect, liquidate, foreclose and repossess assets as necessary.
- Supporting internal and external audits or examinations of the assigned portfolio.
WHAT YOU SHOULD HAVE:
- 2 years of underwriting or portfolio management experience preferred.
- Bachelor’s degree or equivalent work experience required.
- Ability to perform in depth commercial financial statement analysis.
- Experience working with SBA 7a and 504 loans preferred.
- Strong verbal, written, and interpersonal skills, including ability to present to decision makers and customers in a professional and confident manner.
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.
