Assistant Vice President, Commercial Loan Officer

PRIMARY FUNCTION:

This highly visible position is responsible for successful management of the Credit Union's Commercial Lending. Responsible for origination and underwriting for the commercial lending offered by the Credit Union. Coaches, mentors and leads other Commercial Lenders (if any) and other in the Credit Union involved in Commercial Lending in best practices in order to achieve the Credit Union’s strategic goals.

ESSENTIAL DUTIES & RESPONSIBILITIES:

This position must effectively carry-out the essential duties in a manner that consistently demonstrates the core values of Notre Dame Federal Credit Union in a positive manner.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The duties identified below are the essential functions of the position and other duties may be assigned.

• Has primary responsibility for achieving or exceeding Credit Union’s commercial lending goals including originating, underwriting, documenting and monitoring loans for and in the commercial loan portfolio.
• Effectively manages Commercial Lending, including Loan Officers, if any.
• Understands and can effectively apply commercial loan policies as well as evaluates and proactively responds to changes in regulatory, market, and competitive conditions with the ability to communicate changes, policies, etc. to staff.
• Must maintain a strong working knowledge of commercial lending including structuring, underwriting, and documenting commercial loan transactions.
• Maintains awareness of changes in commercial lending field, including government regulation, commercial needs and preferences, and relationship-enhancements; these mandatory changes are known to keep our lending area updated systems and practices.
• Maintains a working knowledge Small Business Administration (SBA) lending programs and regulations.
• Successfully monitors and provides exceptional loan service by accepting and acting on loan applications from members so as to increase and maintain favorable member service survey scores. Maintains loan documents in compliance with policy and federal regulations with no exceptions.
• Coordinates all lending functions by communicating plans for successful business models, with the Chief Lending Officer in order to review and improve division policies, products, and procedures as they impact the lending function and general membership.
• Partners with the Chief Lending Officer to communicate new ideas, plans, and business models as well as review existing loan products for improvement or elimination to increase Credit Union’s results and achieve strategic goals.
• Effectively measures levels of service, speed of delivery, and member satisfaction to establish metrics for standards of performance by staff and holds staff accountable for measured results.
• Participates in community affairs to increase Credit Union’s visibility and to enhance new business opportunities as necessary.

SUPERVISORY RESPONSIBILITIES:

Directly supervises partners (other Commercial Lenders, if any), especially pertaining to sales performance and the sales pipeline. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training partners; planning, assigning, and directing work; appraising performance; rewarding and disciplining partners; addressing complaints and resolving problems.

PERFORMANCE STANDARDS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. This position will require the knowledge to effectively process Commercial loan applications, establishes and maintains internal controls, maintains security controls, controls loan quality, and analyzes loan products in order to attain the lending goals and objectives of the Credit Union. A professional appearance and attitude as well as the ability to communicate, coach, counsel, and motivate the staff to accomplish goals is necessary.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND/OR EXPERIENCE:

• An individual must have a Bachelor’s degree (MBA preferred, but not required)

• Have a minimum of five (5) years of experience in Commercial Lending for a large credit union or other financial institution.

• Prior management experience a plus.  

LANGUAGE SKILLS:

A qualified individual must be able to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. This position will require the ability to write reports, business correspondence, and procedure manuals and strong communication skills are necessary to effectively present information and respond to questions from groups of managers, the Board of Directors, and individual members. This person will make formal presentations on Commercial lending or general Commercial credit to groups outside of the Credit Union.

MATHEMATICAL SKILLS:

This position will require the ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Also, the ability to apply concepts of basic algebra and geometry is necessary.

REASONING ABILITY:

A qualified person must be able to solve practical problems and to deal with a variety of concrete variables in situations where only limited standardization exists. Also, the ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form will be required.

OTHER SKILLS & ABILITIES:

This position will require the use of Credit Union's computer system for input/output transactions. Such use includes, but not limited to, retrieval of information, printing out individual statements of account, inputting data, updating information, special access to certain fields, and general maintenance of the credit/lending financial and ancillary records. In addition, this person must be able to utilize a variety of software programs such as Excel and Word.

A qualified individual will also need the ability to utilize on-screen loan processing provided by the Credit Union's core processing or by a stand-alone Personal Computer system tied to the core system as well as other ancillary software programs. Also, the ability to operate standard office machines such as a photocopier; fax machine, personal computer and any such equipment normally found in a modern loan department of a bank or credit union.

Demonstrates leadership skills by knowledge of area; ability through staff to meet goals and member service levels; hold staff accountable to agreed metrics, as well as interact with all levels of the organization in a professional manner.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by a partner to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the partner is regularly required to use hands to finger, handle or feel objects, tools, or controls and talk and hear. The partner frequently is required to walk and sit. The partner is occasionally required to stand, reach with hands and arms and stoop, kneel, crouch or crawl. Specific vision abilities required by this job include close vision, peripheral vision, and the ability to adjust focus. The partner must occasionally lift and/or move up to 50 pounds. 

MENTAL DEMANDS:

The partner is frequently required to use alertness, precision, resourcefulness, problem solving, numeric, persuasiveness, auditory perception, memory, creativity, concentration, judgment, writing ability, reading ability, reasoning, imagination, initiative, patience, visual perception, comparing and analyzing.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those a partner encounters while performing the essential functions of this job. The noise level in the work environment is usually quiet to moderate.

REGULATORY COMPLIANCE & CONFIDENTIALITY:

Follows regulatory and policy compliance requirements, which would include those efforts in compliance with Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC) and Anti-Money Laundering (AML) Regulations, and other compliance related Policies. Also, this position requires maintaining confidentiality with regard to non-public information about our members and Notre Dame Federal Credit Union.