Current jobs related to VP Consumer Lending - Dover - Pinnacle Executive Recruiting

Great OPPORTUNITY succession role This is a possible succession position for SVP Lending for the right person

Dover Federal Credit Union and Pinnacle Executive Recruiting announce the VP, Consumer Lending possible SVP Consumer Lending is responsible for developing and implementing sound growth strategies that assist in driving the Credit Unions strategic plan. The VP, Consumer Lending is responsible for achieving maximum Consumer Lending portfolio profitability while ensuring risk is mitigated and sound lending practices with modern workflows are employed. The VP, Consumer Lending is a member of the Credit Unions Leadership Team and must work collaboratively to innovate, participate. The VP, Consumer Lending must be visible and involved in the local market/community.

Requirements

• Provide leadership, transparency, support and actively communicate, collaborate and cooperate with all individuals, at all levels of the organization with specific focus on the development and mentorship of managers in the consumer lending department.
• Partners with senior leader of each functional area to align service and performance with organizational goals and objectives and ensure seamless experience across functional areas. Actively and consistently collaborate to identify and implement simplified/efficient processes and encourage retail member service standards.
• Identify and implement targeted improvements to increase member/employee loyalty, retention, engagement and satisfaction.
• Serves as the principal advisor to the CLO on all issues associated with consumer lending and credit risk management. Ensure overall soundness of loan portfolio, with the ability to identify and develop long term strategies that will include initiatives such as portfolio mix, growth strategic and market penetration objectives.
• Direct, plan, organize and control all activities of the Consumer Lending and Indirect Lending areas. Ensure the effective, efficient, compliant and secure operation of all lending functions. Works closely with the CLO to review, examine, measure, mitigate and report all risk within the loan portfolio.
• Work with the CLO to provide leadership and strategic guidance for lending products and programs, and recommend pricing, strategies, new products, or enhancements based on product research and analysis. Set, maintain and monitor benchmarks of department and team’s performance. Provide reporting, analysis and feedback.
• Advance the utilization of data and analytics insight to improve team’s decision-making skills, manage risk and improve operations, service and product creation.
• Work with the marketing and branch team leadership to define the consumer lending product and solution strategy, initiatives, and value proposition in alignment with the organizational goals and objectives. Keep abreast of changes in the industry and changing trends in lending.

Job Specifications

• Bachelor’s degree in related field or equivalent combination of education and significant experience.
• Requires minimum of 10 - 15 years of lending experience in a financial institution, preferably credit unions.
• Requires at least 7 years of managerial experience in a professional capacity, preferably in the financial industry.
• Additional experience with Retail, Commercial Lending and Mortgage Lending is desirable.
• Expertise and fluency with lending process flow, risk management administration, portfolio management, and policy creation. Prefer knowledge and practical use of Loan Software: Meridian Link, Origence/CU Direct Lending, and Blue Sage. • Superior oral and written communication skill.
• Comprehensive understanding of business development techniques, operations, including loan policy, procedures, forms, documentation, sales, retail, credit analysis, financial statement analysis, and recovery.
• Knowledge of all applicable lending regulations – Federal, State and NCUA.