Small Business Underwriter
- Employer
- Alerus Financial
- Location
- Grand Forks, North Dakota
- Salary
- Join our team!
View more
- Industry
- Financial Services and Banking
- Role
- Other
- Job Type
- Long-Term
- Hours
- Full Time
Job Details
This position is accountable for managing a portfolio of small business loan and indirect leasing relationships ranging in loan relationship size up to $750,000, including reviewing new credit applications, proposing and negotiating lending solutions, underwriting credit risk through a credit scoring model, granting credit approval within prescribed level of loan authority, facilitating loan closing, and servicing booked loans. Contributes to effective risk management through ordering and execution of loan documentation and ongoing monitoring of customer-supplied information and collateral administration. May assist in training other credit personnel including jointly approving credits of other underwriters within prescribed level of loan authority.
Essential Responsibilities:
Job Function Number 1: Propose and negotiate small business loan product solutions, underwrite and decision applications. Communicate underwriting results with sales staff and customer.-50%
- Receive and review all new small business loan applications from sales staff and indirect leasing companies.
- Determine compliance of information provided to requirements. Work with sales team to effectively gather complete application needs.
- Determine appropriate loan product to meet customer needs. Identify potential new lending opportunities and suggest solutions to sales team.
- Underwrite and decision applications with use of credit scoring model.
- Accurately assign risk rating.
- Mitigate credit risk by use and understanding of SBA programs and documentation requirements when appropriate.
- Communicate pricing options that achieve or surpass targets.
- Negotiate and approve counter-offers.
Job Function Number 2: Provide credit administration by ensuring proper documentation and closing of loan transactions and conducting ongoing account monitoring.-45%
- Determine and order collateral and loan documentation, and review for completeness.
- Order accurate loan documents from Operations team.
- Account for loan closing, including review of documentation and discussion of signature and document expectations with sales staff.
- Provide ongoing administration of collateral perfection and documentation.
Job Function Number 3: Product Development and sales training.-5%
- Seek to understand competitive pressures in local marketplace for small business loan product or pricing opportunities.
- Work with Lead to determine any necessary product improvements or enhancements to increase product sale-ability or process efficiencies.
- Regularly meet with sales staff to providing on-going product and process training.
Position Requirements:
Qualifications:
- Bachelor's degree in business or related field or equivalent experience.
- Five or more years lending and loan documentation experience.
- Negotiating skills.
- Customer management skills.
- Time management skills.
- Ability to work under pressure.
Personal Characteristics:
- 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.
- Self-assured.
- Good analytical skills.
- 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 XX 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.
Company
Alerus is a company that will challenge you to be at your best and where your efforts have real, tangible effects. Our culture is one of collaboration, innovation, forward-thinking, and giving back. And, as a growing company with a presence in markets from New Hampshire to Arizona, we offer a broad range of opportunities for you to travel the career path that matches your abilities, interests, and goals.
What is the current company culture like?
While our footprint spans North Dakota, Minnesota, Arizona, New Hampshire, and Michigan, we still operate like a small company. In other words, every single person on our team matters. Our employees create our culture.
What skills, education, and experiences does your ideal candidate(s) have? Each position has their own specific requirements and qualifications. In addition to those, Alerus seeks people who live out our fundamental beliefs every day: do the right thing, cherish people, empower with knowledge, respect everyone, serve with passion, and embrace change.
How would you describe the company leadership/team management? Alerus has a diverse executive and leadership team. Each leader comes with a wealth of experience and knowledge within their field to help their teams succeed. Alerus leaders, including our C*Suite executives, maintain regular communication with employees on company updates and goals.
Where do you see the company/organization in the upcoming years? Alerus has bank and office locations in North Dakota, Minnesota, Michigan, New Hampshire and Arizona. While we continue to serve our clients in these states we also look to grow our national footprint to best serve clients wherever they may live.
What do you feel candidates need to know about the company before applying? Alerus is more than just a bank and offers many products for our clients including personal & business banking, mortgages, wealth management and retirement savings. We continue to grow and expand but still maintain and operate with a small business feel. We would not have continued success without our employees and all the hard work they do to serve our clients with passion.
See the current Alerus job openings below!
- Website
- https://alerus.com/
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