What are the responsibilities and job description for the Chief Lending Officer position at FIDELITY FED SAVINGS & LOAN ASSN?
The Chief Lending Officer is a strategic leader who balances driving profitable lending growth with managing credit risk, ensuring compliance, and delivering high-quality customer service.
Key Responsibilities:
- Lending Strategy & Policy: Develop, implement, and review lending strategies, policies, and procedures to support profitability and compliance
- Loan Portfolio Management: Oversee & manage the growth, quality, and performance of the loan portfolio, including commercial, residential, consumer, and other loan types
- Loan Approval & Administration: Direct the loan approval process, review loan documentation, and manage delinquent loans
- Interest Rates & Pricing: Coordinate with the CEO & CFO to set competitive yet profitable interest rates and fees
- Technology & Process Improvement: Implement technological solutions and operational efficiencies to streamline lending processes and reporting
- Team Leadership: Lead, mentor, and develop a lending team, providing training and career development opportunities
- Regulatory Compliance: Represent the lending department in audits and examinations, ensuring adherence to all applicable laws and regulations
- Client Relations: Maintain strong relationships with key clients, negotiating terms and conditions to enhance satisfaction and retention
- Reporting: Provide regular performance reports to senior management and the board on lending activities, risk exposure, and portfolio quality
Skills & Qualifications:
- Experience: Typically 10 years in the financial industry, with a strong background in lending, credit analysis, and risk management
- Analytical Skills: Ability to analyze complex financial data and market trends to inform lending decisions
- Leadership: Strong leadership and interpersonal skills to manage teams and collaborate across departments
- Regulatory Knowledge: Deep understanding of lending regulations and compliance requirements
Minimum Requirements:
- Minimum 7 years banking experience in lending, loan processing or loan operations
- Knowledge of federal and state banking laws and regulations relating to consumer lending
- Bachelor’s degree in business, and/or commensurate work experience
Fidelity Federal Savings and Loan is a community mutual savings and loan association dedicated to the philosophy of providing its customers with high quality financial products and services at reasonable prices.
Salary : $100,000 - $115,000