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Vice President of Commercial Services

4 weeks ago


Columbus, United States Columbus Staffing Full time

Vice President of Commercial ServicesReports To: Chief Sales OfficerSupervises: Commercial Relationship Managers and Treasury Management Sales and Onboarding TeamsStatus: ExemptObjectiveThe Vice President of Commercial Services assumes overall leadership responsibility and control of all aspects of Commercial Business and Treasury Management sales strategies, policies, and programs necessary to develop and grow the Credit Union's commercial loan and deposit services and achieve business membership growth goals. This position leads and provides expertise in all sales functions of the Commercial Services Department. Functions include Commercial Lending (including complex credits), Cash/Treasury Management, Portfolio Management, Fee Management, and ancillary products and services that are valuable to Business Members. This position is a critical leadership role providing guidance and support to the Commercial Services team in order to achieve organizational business goals and objectives and partners with other lines of business to support a business owner and their employees' personal financial needs.Duties and ResponsibilitiesOversees the strategic direction, development, and execution of the organization's treasury management program and services to enhance the member experience through innovative treasury solutionsResponsible for the conceptualization and implementation of Commercial Services growth sales strategies, initiatives, and programs for both lending and deposit/revenue solutionsIn partnership with the Branch Director, develops, implements and continuously improves a plan to grow small business membership and initiate small business lending activities through branch associatesProvides initial review of new lending opportunities to determine viability and next steps to ensure both quality loan production, relationship deepening, and a great member experienceDevelops and implements commercial and TM sales team related policies, procedures, risk controls and tools and resourcesDevelops and executes strategic sales plans to achieve individual and team revenue goals; Prepares proposals, pricing models, and RFP responses; Maintains a robust pipeline of opportunities and track progressServes as a subject matter expert on commercial loan/deposit and treasury products including ACH, wire transfers, remote deposit capture, fraud prevention tools, and liquidity management.Provides oversight responsibility for Treasury management services provider, ensuring service level agreements (SLAs) are met, and resolving performance issues to maintain high-quality service delivery; Negotiate and oversee contracts with suppliers, ensuring compliance with company policies, cost-effectiveness, and alignment with organizational goals.Develops, implements, measures and continuously improves membership initiatives and strategies to attract new business members and commercial loans and depositsManages required reporting and supports the coordination of annual relationship reviewsSeeks out and attends various community and membership-based events to provide visibility for the credit union and cultivate a strong COI network; Performs public presentations that support the organization's community and civic objectivesManages the department's budget, including forecasting, monitoring expenses, and ensuring financial targets are met; Develops and implements budget plans to optimize resource allocation and financial performanceGathers and analyzes member feedback to continuously improve services and member satisfaction; Develop and implement strategies to enhance member experience and address needs effectivelyOversees the commercial services team by interviewing, hiring, and training