1-3 years of experience
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Employment Type:
Full time
Job Category:
Credit Administrator
(This job is no longer available)
Alerus Financial | Grand Forks, ND
Grad Date

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Job Description

Position Summary:

This position provides support to business loan underwriting and sales staff in efficiently reviewing loan requests and servicing existing credit relationships. This position is responsible for managing a centralized administrative process for the receipt and distribution of financial information needs for the business loan portfolio; accountable for preparing commercial files for annual reviews, and reviewing loan applications for required documentation, and following retention procedures of financial information thereof. This position is accountable for ordering and receiving appraisals, title work, flood determinations, credit bureau reports, Dunn & Bradstreet reports, and UCC-11 lien searches as directed by the needs of business loan underwriters.

This position is responsible for monitoring all business loan applications for appropriate regulatory disclosure requirements, preparing and providing regulatory notices to loan applicants. This position is responsible for creating and maintaining accurate and complete monitoring ticklers for commercial loan portfolio and assisting with the documentation flow on sold and participated loans. Centralized residential and commercial construction loan administration is processed through this position. This position also provides centralized support to ensure core data accuracy with coding changes.

Essential Responsibilities:

Job Function Number 1: Support business loan underwriting and advisor staff by managing financial statement information needs and monitoring requirements of credit portfolio - 75%

* Assist underwriters with completion of information reviews on submitted business loan applications by determining information requirements and indicating received or incomplete documentation found in the imaging system.
* Assess information received through documentation imaging system, update and maintain tickler tracking system, and communicate findings to Underwriters, Analysts and Business Advisors as appropriate.
* Process and distribute incoming electronic mail for credit team including advance requests, collateral orders and client provided monitoring documents.
* Monitor annual credit review needs to manage information requirements, perform file review to confirm accuracy of ticklers as needed per annual review requirements; ensure imaged documents are retained according to procedures.
* Manage the information flow associated with purchased and sold participation loans. This includes among other things the forwarding of credit presentations and supporting borrower information.
* Review credit decisions and loan agreements to identify, create and maintain required monitoring ticklers.
* Submit requests for coding of loan review management report data, accurate risk rating codes and other loan codes to Loan Operations.
* Order, receive and image necessary third-party reports: UCC-11 lien searches, personal credit bureau reports, Dunn & Bradstreet reports.
* Process Dunn & Bradstreet Alert Services Notices and inform underwriters of changes.
* Process all real estate related orders such as appraisals, valuations, title work, and flood determinations. Conduct appraisal bidding process by obtaining quotes and turnaround time estimates when necessary for determining appropriate appraiser engagement.
* Perform initial and secondary commercial insurance follow-up on expired policies and handoff to Business Advisor and Underwriter when necessary.
* Manage business's line of credit funding availability and control advances within borrowing base certificate allowances.

Job Function Number 2: Perform residential and commercial construction loan administration - 15%

* Review construction loans prior to closing to ensure proper documentation is received in accordance with required procedures.
* Monitor, verify, balance and provide instruction to disburse draw requests to ensure the project costs and funds available remain in balance at all times.
* Ensure proper draw documentation is received and imaged in accordance with required procedures.
* Ensure construction loans are supported by regular site inspections.
* Coordinate communication and activities of all parties involved between borrowers, guides/advisors, underwriting, loan operations, third party contractors, appraisers, title companies, architects/engineers, and inspectors.

Job Function Number 3: Conduct Regulatory Compliance and Monitoring - 10%

* Monitor all business loan applications for Regulation B applicability and prepare and mail necessary notices; incomplete applications and adverse actions.
* Monitor applications for applicability of Regulation B requirements related to appraisal disclosure notice and mail when required, mail the applicant a copy of the property valuation, monitor appropriate time period for earliest closing date, and communicate requirements to Business Advisor and Underwriter.
* Perform regulatory compliance monitoring tasks and reports as directed by manager.

Position Requirements:


* College degree in business, accounting, or finance preferred; or equivalent experience working with business or residential loans or business accounting or records systems.
* Knowledge of business or residential loan documentation and construction lending.
* 3+ years of experience in business or residential lending documentation preferred.
* 1+ years of experience in construction loan administration preferred.
* Working knowledge of computer software programs with specific emphasis on spreadsheet and word processing programs.

Personal Characteristics:

* Good written and oral skills.
* Good time management skills.
* Disciplined organizational skills.
* Highly attentive to detail.
* Positive attitude and team player.

Physical Demands: (must be met with or without a reasonable accommodation)

* Extended periods of time sitting at a desk and using office equipment.
* Ability to operate a personal computer/laptop for approximately 8 hours per day.
* Extended time is spent reviewing physical and electronic documents.
* The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
* Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
* Will spend most of time in an indoor environment.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

About Alerus Financial

Alerus Financial is not your typical employer. The difference is our focus on developing and sustaining relationships with our employees and our customers. We provide top-notch financial products and services to over 80,000 customers worldwide. We continue to increase our customer base and actively seek opportunities to make or save our customers money and simplify their lives. We employ over 320 employees and are proud of our low turnover rate, which demonstrates our commitment to providing a rewarding, challenging, and comfortable work environment for our work force. We currently have offices in: Grand Forks, North Dakota Fargo, North Dakota West Fargo, North Dakota Northwood, North Dakota Bismarck, North Dakota Arden Hills, Minnesota