Commercial Loan Documentation Specialist
About Us
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 Commercial Loan Documentation Specialist is responsible for the fulfillment of commercial loan documents. This position will have knowledge of regulatory requirements and perform the due diligence needed to ensure complete and accurate documentation. This position will maintain a client focus and will partner with Lending Specialists, Loan Servicing, and other credit team members to deliver a superior client experience.
Responsibilities
- Prepare loan documents, within LaserPro, according to loan approval for new and existing requests.
- Ensure documents are prepared accurately and within service level agreements.
- Review loan file and Commercial Lending Delivery (CLD) applications for due diligence items.
- Research requests regarding documentation and handle time-sensitive issues; escalate to supervisor if needed.
- Manage specialized processes including, but not limited to, HMDA Compliance reporting.
- Provide primary and backup coverage on processes, as needed.
- Actively pursue continuing education, reading, and self-development to enhance skills.
- Complete regulation, compliance, and additional training as assigned.
- Maintain client focus and partner internally with other teams to deliver a superior client experience.
Requirements
- Associate’s degree or equivalent combination of education and/or related experience in the financial industry.
- Experience preparing loan documents in LaserPro, strongly preferred.
- Ability to prioritize multiple tasks through effective time management and organizational skills.
- High level of commitment to accuracy and detail.
- Excellent communication and client service skills.
- Ability to manage high volume, time-sensitive transactions and situations.
- Self-motivated, with ability to work independently and in a team-oriented environment.
Benefits
- 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.
- 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.
Pay
Base pay range: $22.00 - $28.00 per hour