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Credit Administrator

2 months ago

Hopkins, United States Alerus Full time
Position Summary:
The Credit Administrator provides support to business loan underwriting and sales staff in efficiently reviewing loan requests and servicing existing credit relationships.

Essential Responsibilities:
Job Function: Support Business Loan Underwriting and Advisor Staff - 75%
  • Manage financial statement information needs and monitoring requirements of credit portfolio.
  • Assist underwriters with completion of information reviews on submitted business loan applications by determining information requirements and indicating received or incomplete documentation found in the imaging system.
  • Assess information received through documentation imaging system, update and maintain tickler tracking system, and communicate findings to Underwriters, Analysts and Business Advisors as appropriate.
  • Process and distribute incoming electronic mail for credit team including advance requests, collateral orders and client provided monitoring documents.
  • Monitor annual credit review needs to manage information requirements, perform file review to confirm accuracy of ticklers as needed per annual review requirements; ensure imaged documents are retained according to procedures.
  • Manage the information flow associated with purchased and sold participation loans. This includes among other things the forwarding of credit presentations and supporting borrower information.
  • Review credit decisions and loan agreements to identify, create and maintain required monitoring ticklers.
  • Submit requests for coding of loan review management report data, accurate risk rating codes and other loan codes to Loan Operations.
  • Order, receive and image necessary third-party reports: UCC-11 lien searches, personal credit bureau reports, Dunn & Bradstreet reports.
  • Process Dunn & Bradstreet Alert Services Notices and inform underwriters of changes.
  • Process all real estate related orders such as appraisals, valuations, title work, and flood determinations. Conduct appraisal bidding process by obtaining quotes and turnaround time estimates when necessary for determining appropriate appraiser engagement.
  • Perform initial and secondary commercial insurance follow-up on expired policies and handoff to Business Advisor and Underwriter when necessary.
  • Manage business's line of credit funding availability and control advances within borrowing base certificate allowances.
Job Function 2: Conduct Regulatory Compliance and Monitoring - 25%
  • Monitor all business loan applications for Regulation B applicability and prepare and mail necessary notices; incomplete applications and adverse actions.
  • Monitor applications for applicability of Regulation B requirements related to appraisal disclosure notice and mail when required, mail the applicant a copy of the property valuation, monitor appropriate time period for earliest closing date, and communicate requirements to Business Advisor and Underwriter.
Position Requirements:
Qualifications:
  • College degree in business, accounting, or finance preferred; or equivalent experience working with business or residential loans or business accounting or records systems.
  • Knowledge of business or residential loan documentation and construction lending.
  • 3+ years of experience in business or residential lending documentation preferred.
  • 1+ years of experience in construction loan administration preferred.
  • Working knowledge of computer software programs with specific emphasis on spreadsheet and word processing programs.
Personal Characteristics:
  • Good written and oral skills.
  • Good time management skills
  • Disciplined organizational skills.
  • Highly attentive to detail.
  • Positive attitude and 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 8 hours per day.
  • Extended time is spent reviewing physical and electronics 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.
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