Vice President of Lending

JOB SUMMARY

Participate in strategic planning and the development of credit union policies, procedures, and goals. Responsible for the credit union’s administrative management of loan functions. Develop and implement consistent organizational policies and procedures that comply with external regulations. Assist and lead commercial loan, consumer loan, and residential mortgage departments. Ensure maximum profitability of lending activities that are also in the best interest of the member.

ESSENTIAL FUNCTIONS

· Participate in the credit union’s long- and short-term strategic planning.

· Set the loan department’s strategic plans to align with the credit union’s business plan. Establish and ensure the implementation of target goals for the department.

· Communicate credit union goals and direction with all employees to ensure clear understanding of rules, regulations, requirements, and expectations.

· Create the budget for department and track on an ongoing basis for adherence.

· Develop, implement, and monitor policies and procedures in accordance with credit union goals and strategies. Work with other departments to maintain consistency in credit union policies and procedures.

· Oversee and monitor the loan function to achieve its strategic goals. Direct the work of loan managers and supervisors in all lending areas to include underwriting, loan processing, loan documentation, and approval or denial of loans for consumer, mortgage, or business loans.

· Oversee the development and monitoring of performance standards. Provide mentoring, coaching, or training to assist and develop managers and staff.

· Research and evaluate the feasibility of new lending products. Develop and implement plans for expansion of lending programs. Keep abreast of changes in the industry and changing trends in lending and react to changes in a way that maintains competitiveness.

· Work with loan managers and members on complex issues to prevent loss to the credit union and assist the membership.

· Provide input and recommendations for lending interest rates.

· Attend board-related meetings as requested by the CEO. Conduct presentations to management and board as necessary.

Other duties as assigned by executive management 

COMPETENCIES/SKILLS

· In-depth understanding of lending regulations, policies, and compliance requirements (NCUA, CFPB, Fair Lending, Reg B, etc.)

· Strong analytical and strategic planning skills, with the ability to interpret financial statements, analyze loan performance metrics, and drive profitability

· Demonstrated ability to lead and motivate lending teams, develop staff, and foster a high-performance culture

· Experience in developing and implementing lending programs, underwriting policies, and credit risk management strategies

· Exceptional communication and relationship building skills with members, staff, and external partners

· Proficiency in loan origination systems, core processing platforms, and data analytics tools

REQUIREMENTS/QUALIFICATIONS

· Bachelor’s degree in business administration, Finance, Accounting, or related field preferred

· Minimum 7-10 years of experience in consumer, mortgage, and/or commercial lending, with at least 5 years in a leadership or management role within a financial institution or credit union

· Proven experience in business development and marketing roles within the financial industry

· Strong leadership, communication, and interpersonal skills.

PHYSICAL DEMANDS 

While performing the duties of this position, the employee is regularly required to:

· Sit or stand for extended periods of time.

· Use hands and fingers to operate a computer keyboard, mouse, and other office equipment.

· Speak and hear clearly to communicate with members, coworkers, and vendors.

· Occasionally lift and/or move up to 50 pounds (such as files, office supplies, or cash boxes).

· Reach, bend, or stoop as needed to access files or office equipment.

· Maintain visual acuity to review detailed documents, reports, and computer screens.

WORK ENVIRONMENT

·  Work is generally performed in a professional office or branch setting.

·  The noise level is typically quiet to moderate.

·  The position involves frequent contact with members and requires a professional and  friendly demeanor.

·  May occasionally require travel between branches or attendance at community events, meetings, or training sessions.

·  Compliance with all Credit Union safety, security, and confidentiality standards is required.

The physical demands described above  are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.