Commercial Loan Review Officer

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 Loan Review Officer is responsible for performing various duties in the ongoing management of credit risk. The incumbent performs and directs reviews of the bank's commercial, consumer, and real estate loans to ensure compliance with established policies and standards.

WHAT YOU'LL BE DOING:

• Perform independent reviews of commercial, agriculture, and commercial real estate loans to identify risks and validate the bank's risk rating systems.
• Conduct continuous reviews of all types of commercial loans and commitments.
• Validate underwriting assigned risk ratings and test assessments of cash flow, repayment sources, and policy adherence.
• Change risk ratings as appropriate based on identified risks.
• Ensure booked loans conform to approved terms and structures and validate underwriters' actions.
• Confirm loans are properly documented to meet bank and legal standards.
• Prepare and present written reports summarizing findings and identified risks.
• Investigate and present post-mortem reports on material credit losses to the Credit Governance Committee.
• Perform independent reviews of small business loans and consumer/residential loans, ensuring adherence to policies and proper documentation.
• Conduct impairment analysis and report on credit risk metrics to support the company's key risk indicator program.

WHAT YOU SHOULD HAVE:

• Bachelor's degree or equivalent combination of education and experience.
• Minimum three to five years banking experience required in commercial lending, regulatory examinations, or internal bank loan review.
• Previous experience in commercial lending and/or loan review specific job training required.
• Thorough knowledge of banking lending principles, policies, and practices.
• Proficient consumer and commercial financial statement analysis skills.
• Knowledge of commercial, consumer, and residential real estate documentation standards.

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.