Senior Commercial Credit Officer, C&I Middle Market Lending

About the role

The Senior Credit Officer reports directly to the Chief Credit Officer and plays a key role in the loan approval process and overall portfolio management for their assigned vertical. They will be the primary contact for commercial lenders, underwriters, product specialists, and senior leadership for all new, renewals, and/or modifications of credit pertaining to C&I Middle Market lending.

Responsibilities

• Provide credit support to both Business Advisors and Underwriters on C&I Middle Market credit requests in the decisioning, administering and overseeing of commercial credit as outlined in the bank's loan policy.
• Develop a comprehensive understanding of customer's financial needs, and formulate a plan of action for loan structure, monitoring, and servicing of loan relationship.
• Work with Commercial Bankers and credit staff to properly structure credit requests to achieve quality loan growth.
• Knowledgeable of and able to propose loan programs as appropriate (SBA, USDA, FSA, etc.).
• Support the bank's growth and loan quality goals by ensuring that loan policies and procedures are properly adhered to.
• Approve loans within the positions delegated credit authority and facilitate approvals for relationships requiring higher level of approval.
• Manage workflow among underwriters, conduct weekly team meetings to discuss workloads and reassign priorities as needed to ensure timely completion in line with client expectations.
• Provide day-to-day oversight, monitoring, and performance management of staff.
• Create performance plans and ensure timely reviews for all underwriting staff.
• Manage ongoing administration of credit relationships through oversight of annual review process, management of ticklers and payment status.
• Aid, as necessary, with regulatory and internal audit reviews and internal credit reviews.
• Participate in projects as directed by the CCO as a credit subject matter expert.

Requirements

• Bachelor's degree or equivalent education, including upper-level courses in finance and accounting.
• 10+ years of experience working in C&I commercial credit, including approval authority.
• 5-7 years of experience in personnel management and supervision.
• Strong desire to build relationships within the Alerus organization and effective working relationships with co-workers in credit and business development positions.
• Strong problem-solving ability.
• Professional customer service skills.
• Strong written and oral communication skills.
• Strong negotiation and interpersonal relationship skills.
• Self-starter with established ability to work effectively with minimal day-to-day supervision.

Qualifications

• Strong analytical and problem-solving skills.
• Experience with credit analysis and risk assessment.
• Ability to manage multiple tasks and prioritize workload effectively.
• Excellent interpersonal and communication skills.
• Proficiency in Microsoft Office Suite.

Skills

• Credit analysis and risk assessment.
• Loan structuring and administration.
• Collaboration and teamwork.
• Customer service and relationship building.
• Problem-solving and decision-making.
• Project management and organizational skills.

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; 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.

Pay

$135,000 - $170,000 per year

Schedule

Full-time