Alerus
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Commercial Banking Associate
role at
Alerus .
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 Banking Associate position is pre‑closing fulfillment of commercial lending transactions through assisting, coordinating, and reinforcing the sales efforts of the commercial banking staff. It involves managing the administrative work and due diligence related to commercial banking and lending to ensure adherence to the approved transaction. The role requires a customer focus and partnership with underwriting, relationship management, and loan operations to deliver superior customer experience.
What You’ll Be Doing
Manage commercial loans through the Commercial Lending Delivery (CLD) workflow system from application through post‑closing and completion.
Enter complete and accurate applications, perform pre‑closing and post‑closing due diligence, coordinate loan closing with title companies and attorneys, and submit requests for preparation of loan documentation.
Work closely with Business Advisors to contact clients to obtain required items for submission to underwriting and/or ongoing tickler file monitoring.
Manage loan closing pipeline and coordinate loan closing dates with Business Advisors.
Index financial and supporting documentation for loan files to Nautilus.
Obtain KYC, CIP, CDD, and Beneficial Ownership information for commercial loan and deposit clients.
Open commercial depository accounts for assigned Business Advisors and collaborate with Treasury Management, Private Banking, or Retail teams to facilitate client needs.
Provide general customer service and act as a point person in resolving client issues for assigned Business Advisor portfolios.
Coordinate with Business Advisors and enter business overdraft and refund decisions, escalating decision approvals according to credit policy’s approval limit authority.
What You Should Have
Bachelor’s degree or equivalent combination of education and/or related experience in the financial industry.
1+ year of commercial lending and/or deposit experience.
Understanding of commercial lending and deposits, bank operations, products and services, business entity structure, and documentation.
Capacity to manage and stay organized while working with high volume, time‑sensitive transactions and portfolios.
Ability to be flexible, implement continuous change, and demonstrate a positive attitude.
High level of commitment to accuracy and detail.
Effective written and verbal communication skills.
What We Bring To The Table
Competitive compensation including base salary, bonus, and/or incentive opportunities.
Comprehensive benefits package that includes medical, dental, vision, life, and long‑term disability insurance, as well as 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.
Base Pay Range $24.50 – $30.00 per hour
Seniority Level
Entry level
Employment Type
Full‑time
Job Function
Sales and Management
Alerus is an equal opportunity employer and values 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.
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Commercial Banking Associate
role at
Alerus .
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 Banking Associate position is pre‑closing fulfillment of commercial lending transactions through assisting, coordinating, and reinforcing the sales efforts of the commercial banking staff. It involves managing the administrative work and due diligence related to commercial banking and lending to ensure adherence to the approved transaction. The role requires a customer focus and partnership with underwriting, relationship management, and loan operations to deliver superior customer experience.
What You’ll Be Doing
Manage commercial loans through the Commercial Lending Delivery (CLD) workflow system from application through post‑closing and completion.
Enter complete and accurate applications, perform pre‑closing and post‑closing due diligence, coordinate loan closing with title companies and attorneys, and submit requests for preparation of loan documentation.
Work closely with Business Advisors to contact clients to obtain required items for submission to underwriting and/or ongoing tickler file monitoring.
Manage loan closing pipeline and coordinate loan closing dates with Business Advisors.
Index financial and supporting documentation for loan files to Nautilus.
Obtain KYC, CIP, CDD, and Beneficial Ownership information for commercial loan and deposit clients.
Open commercial depository accounts for assigned Business Advisors and collaborate with Treasury Management, Private Banking, or Retail teams to facilitate client needs.
Provide general customer service and act as a point person in resolving client issues for assigned Business Advisor portfolios.
Coordinate with Business Advisors and enter business overdraft and refund decisions, escalating decision approvals according to credit policy’s approval limit authority.
What You Should Have
Bachelor’s degree or equivalent combination of education and/or related experience in the financial industry.
1+ year of commercial lending and/or deposit experience.
Understanding of commercial lending and deposits, bank operations, products and services, business entity structure, and documentation.
Capacity to manage and stay organized while working with high volume, time‑sensitive transactions and portfolios.
Ability to be flexible, implement continuous change, and demonstrate a positive attitude.
High level of commitment to accuracy and detail.
Effective written and verbal communication skills.
What We Bring To The Table
Competitive compensation including base salary, bonus, and/or incentive opportunities.
Comprehensive benefits package that includes medical, dental, vision, life, and long‑term disability insurance, as well as 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.
Base Pay Range $24.50 – $30.00 per hour
Seniority Level
Entry level
Employment Type
Full‑time
Job Function
Sales and Management
Alerus is an equal opportunity employer and values 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.
#J-18808-Ljbffr