Chief Credit Officer
4 weeks ago
Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions, and K-12 and higher education expert.
As a Chief Credit Officer at Nelnet Bank, you will play a critical role in establishing credit and pricing strategy and policy under the direction of the board and CEO in support of the bank's strategic plan.
Key Responsibilities- Chair the bank's credit management committee and subcommittees
- Report the bank's credit profile, strategy, and risks and opportunities regularly to the bank's board of directors
- Establish credit policy and procedures, provide structure and direction, credit model development and oversight, credit review, and credit approval within Nelnet Bank
- Review and update loan policy and procedures as appropriate to maintain the overall credit quality of the Bank's loan portfolio
- Establish and direct all lending activities, ensure the collections practices are appropriate, ensure fraud is managed, and all other credit-related functions of Nelnet Bank
- Analyze and present for approval the loan loss reserve calculation to credit committee to ensure the bank is adequately reserved for the risk in the loan portfolio
- Set pricing of credit products to effectively price for risk and volume goals of the bank
- Collaborate with the parent company to analyze loan portfolios and risk efficiently and consistently across credit portfolios
- Bachelor's Degree in Business Administration, Finance, or other technical related field
- Advanced degree and certifications a plus
- 20+ years broad-based consumer and commercial banking experience
- Experience in holding senior executive leadership positions
- Extensive experience operating in a highly regulated environment with direct experience interacting with regulators and boards
Nelnet offers a comprehensive benefits package, including medical, dental, vision, HSA and FSA, generous earned time off, 401K/student loan repayment, life insurance & AD&D insurance, employee assistance program, employee stock purchase program, tuition reimbursement, performance-based incentive pay, short- and long-term disability, and a robust wellness program.
Nelnet is an Equal Opportunity Employer, complies with Executive Order 11246, and takes affirmative action to ensure that qualified applicants are employed, and that employees are treated during employment, without regard to race, color, religion/creed, national origin, gender, or sex, marital status, age, disability, use of a guide dog or service animal, sexual orientation, military/veteran status, or any other status protected by Federal or State law or local ordinance.
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