Special Credit Services Officer II - Alerus : Job Details

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:

• Bachelor's degree in business administration, finance, or accounting or equivalent work experience
• 5-7 years of commercial loan experience with an emphasis on commercial lending, underwriting, and/or workout
• Experience working with SBA 7a and 504 loans preferred
• Ability to analyze credit records, financial statements, and legal documentation
• Ability to adhere to established governmental compliance regulations, bank policies and procedures
• Ability to prioritize and meet deadlines on multiple tasks through effective time management and organizational skills
• Ability to work independently and in a team-oriented environment
• Ability to accept, support, and implement continuous change
• 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 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.

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

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.