Business Lending Director

2 days ago


South Burlington, Vermont, United States EastRise Federal Credit Union Full time
Job Title: VP, Business LendingJob Summary

EastRise Federal Credit Union is seeking a seasoned professional to lead our business lending department. As VP, Business Lending, you will be responsible for overseeing the approval and declination of business loan applications, managing a team of business loan officers, and driving growth and profitability.

Key Responsibilities
  • Manage and direct the business lending department, ensuring a competent and motivated staff through hiring, training, and performance reviews.
  • Oversee all aspects of performance relating to the business loan portfolio, including credit quality, portfolio yield, delinquency, and compliance with company standards and regulations.
  • Collaborate with senior leadership to ensure coordinated and comprehensive management of business loan functions.
  • Develop and implement departmental lending policies and operational procedures consistent with overall company management policies.
  • Manage and direct all aspects of Business Services, including policy, procedure, sales, administration, and servicing of ACH, RDC, and Wire Transfer Services.
  • Responsible for producing and managing a book of business between $30-$50 million as a producing BLO.
Requirements
  • Eight years to 10 years of similar or related experience.
  • A college degree in a related field.
  • Knowledge of State and Federal regulations affecting consumer and student loans.
  • Experience managing a large team of direct reports.
  • Experience assembling complex business deals.
  • Experience in mortgage and consumer lending preferred.


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