Special Credit Services Officer II

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 Special Credit Services (SCS) Officer is responsible for managing a portfolio of active problem loans and government subsidized / guaranteed relationships of various size, type, and complexity from C&I, CRE and agricultural loan portfolios. This position manages assigned relationships to resolution through establishing an overall strategy, actions, and timeframes while maximizing value, minimizing loss, and managing expenses. The SCS Officer analyzes loan documentation, collateral, and financial condition of the borrowers and guarantors, negotiates loan structures and settlements, and initiates legal action when appropriate. The SCS Officer also actively reviews and recommends risk ratings and reserves, provides timely and accurate reports to senior management, and ensures compliance with established processes and procedures.

WHAT YOU’LL BE DOING :

• Negotiating and implementing action plans and workouts with borrowers.
• Documenting action plans and recommendations utilizing standardized credit underwriting packages and problem loan reports.
• Communicating workout strategies with senior management, credit underwriters, participating banks and government agencies.
• Maintaining a proficient knowledge of applicable banking rules and regulations as well as bankruptcy, foreclosure, and collection law.
• Serving as subject matter expert and providing guidance and recommendations for loans not assigned to SCS as requested.
• Engaging real estate brokers, auctioneers and other third parties to liquidate foreclosed and repossessed assets as necessary.
• Supporting internal and external audits or examinations of the assigned portfolio.

WHAT YOU SHOULD HAVE :

WHAT WE BRING TO THE TABLE :

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.

BASE PAY RANGE :

$82,000 - $114,000 per year

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.