Vice President of Lending

3 weeks ago


Cincinnati, United States TruPartner Credit Union Full time
Job DescriptionJob Description

POSITION DETAIL

Approaching $200M in assets, TruPartner Credit Union, located in Cincinnati, OH is currently in search of a proven lending executive to serve as its Vice President of Lending. Reporting directly to the Chief Executive Officer, this individual will oversee all lending and loan participations. Responsibilities will include evaluating underwriting criteria and policy, utilizing technology to enhance loan operations, monitoring and mitigating risk, and ensuring overall healthy portfolio growth. This individual will be responsible for growing and ensuring diversification of the loan portfolio while maintaining its quality through calculated analysis. The ideal candidate will have five plus years of experience leading consumer and real estate lending operations and will have demonstrated a proven ability to grow consumer loan operations. Indirect lending experience is preferred, and some knowledge of commercial lending experience is a plus. Must be strong in all lending-related regulation and compliance. The VP of lending should be committed to lending to people of modest means and understand a high-yield lending strategy.

POSITION PURPOSE

The VP of Lending is responsible for planning, organizing, and directing the activities of the loan department. The ideal candidate ensures credit operations are in accordance with established policies, procedures, and legal requirements and result in maximum volume, adequate revenue, and acceptable delinquency ratios. Coordination and oversight of consumer, real estate, and member business loan functions is an essential function of the position.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

  • Sets lending strategic plans to align with the Credit Union's business plan. Establishes and ensures the implementation of target goals for the department and individuals.
  • Develops policies and procedures for loan activities. Conducts periodic reviews of existing systems and procedures to ensure maximum efficiency and legal compliance. Instigates improvements in lending and promotion practices that will further the objectives of the credit union.
  • Establishes underwriting parameters and assigns appropriate lending limits to staff in accordance with established risk-based lending models. Reviews and adjusts lending authority as needed and underwrites high-dollar, member escalation, or exceptions within policy limits.
  • Monitors service and quality metrics related to lending and implements changes to improve turn-times, auto-decisioning, delinquency, and charge-offs.
  • Monitors trends in credit quality, delinquency, and charge-offs and recommends changes to loan policies accordingly. Adheres to the principles of risk-based lending and recommends appropriate pricing for loan products commensurate with risk.
  • Serves on the Asset/Liability Management committee and makes appropriate recommendations for loan programs, loan pricing, promotions, and concentration limits for areas of risk.
  • Leads the Member Business and Commercial Loan committee. Evaluates internal loans as well as loan participations from external partners.
  • Monitors lending programs and practices for compliance and ensures that the credit union policies, procedures, forms, and products meet regulatory requirements. Resolves any audit findings in a timely manner.
  • Prepares reports related to loan volume, delinquency, credit, collateral, and other established metrics to measure the quality of the loan portfolio.

ADDITIONAL FUNCTIONS AND DUTIES

  • Assists the President/CEO in developing short and long-term goals and plans for the Loan Department. Participates in strategic planning. Assists with budgeting. Provides suggestions and recommendations for other departments.
  • Meets with auditors and regulators; collaborates with them and other executives to understand and resolve any audit findings.
  • Attends and participates in board meetings on a monthly basis
  • Partners with member service, operations, and marketing departments to drive lending initiatives
  • Manages the loan department workforce. Makes hiring and/or termination recommendations to HR and/or the CEO as needed. Evaluates the effectiveness of positions and makes adjustments to job descriptions and duties as needed. Trains, develops, and coaches all lending employees to assist them with career development and create bench strength in the department. Conducts regular performance reviews to give timely feedback to staff and sets appropriate goals.
  • Performs due diligence on both new and existing vendors and participates in the vendor management process for all lending-related third parties.
  • Actively monitors economic and competitive changes in the marketplace. Leverages technology to appeal to wide audience of members and offer a pleasant, convenient experience.
  • Serves as lending representative on project teams and collaborates with management to achieve strategic goals
  • Networks and collaborates with other businesses, credit union executives, non-profit partners, and others to build rapport, gain resources, and give back to the community. Ensures the credit union's professional reputation is maintained both internally and externally.


Job Posted by ApplicantPro


  • Cincinnati, United States TruPartner Credit Union Full time

    POSITION DETAILApproaching $200M in assets, TruPartner Credit Union, located in Cincinnati, OH is currently in search of a proven lending executive to serve as its Vice President of Lending. Reporting directly to the Chief Executive Officer, this individual will oversee all lending and loan participations. Responsibilities will include evaluating...


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