Commercial Construction Loan Administrator

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 Construction Administrator will provide general support to internal and external clients on all new and existing construction loans. This will include, but not limited to, efficiently reviewing, monitoring, and processing construction budgets, draw requests, lien waivers, change order requests, and processing fees utilizing the bank's construction platform. This role will work directly with the bank's third-party construction vendors to order and review construction site inspections, title endorsements, and plan & cost reviews, as well as maintain construction files and supporting information within the bank's documentation storage software.

WHAT YOU'LL BE DOING:

• Review and approve construction loan documentation prior to closing to ensure completeness and accuracy.
• Review sources and uses of funds and construction budget to ensure balanced and interest reserves are established.
• Order and review title work, date down endorsements and/or title searches, lien waivers, site inspections from third party vendors of the bank.
• Conduct review of borrower requested construction draw(s) in a timely manner to ensure compliance with budget and funding remains in-balance.
• Review and recommend approval for requested change orders. Upon approval, complete budget maintenance as necessary.
• Process and track construction completion, draws and payments, invoices, and initiate wire requests as necessary.
• Update loan coding upon completion of construction projects.

WHAT YOU SHOULD HAVE:

• Business degree in business, accounting, or finance preferred; or equivalent experience necessary.
• 3-5 years of prior administration experience.
• MS Office suite and Outlook experience.
• Strong understanding of construction industry, specifically construction lending preferable.
• Ability to communicate clearly with others orally and in writing utilizing English.
• Strong attention to detail.
• Disciplined organization and strong time managing skills.
• Self-started with ability to work independently with minimal day-to-day supervision.
• Positive attitude and team player.

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:

$60,000 - $80,000 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.