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Senior Vice President of Lending Operations
2 months ago
Position Overview - Senior Vice President of Lending Operations
The Senior Vice President of Lending Operations plays a crucial role as a top executive collaborating with the CEO, executive leadership, and the Board of Directors to shape the strategic direction of TTCU. This position is essential for steering and overseeing the credit union's lending functions, ensuring that the lending program meets growth and profitability objectives while upholding the highest standards of credit quality and regulatory adherence.
Leadership Responsibilities:
- Provide strategic oversight of lending operations, crafting and implementing TTCU's lending strategy in alignment with the organization’s mission.
- Inspire and lead the lending team, cultivating a culture of excellence, accountability, and ongoing enhancement.
- Analyze market dynamics and economic trends to proactively adjust lending operations accordingly.
- Assess technological advancements and propose solutions to improve operational efficiencies and member services.
- Manage risk and maintain credit quality within the lending operations effectively.
- Identify and mitigate loan portfolio risks, prioritizing diversification strategies as the Credit Manager.
- Uphold rigorous credit analysis and risk management protocols.
- Continuously monitor performance metrics and implement corrective measures to avert potential losses.
- Formulate data-driven strategies to uphold and enhance credit quality standards.
- Oversee all lending activities, ensuring operational excellence in loan processing, underwriting, closing, and funding.
- Establish and enforce policies that promote sound lending practices and compliance with applicable regulations.
- Encourage a collaborative environment and foster team development.
- Build and mentor a diverse, high-performing lending team dedicated to member service and achieving robust results.
- Maintain a strong emphasis on exceptional member service, striving to exceed member expectations.
- Drive initiatives to achieve strategic lending goals, including loan growth and profitability benchmarks.
- Manage the lending budget, ensuring efficient resource allocation.
Qualifications:
Educational Background:
- Bachelor's degree in Business, Finance, Economics, or a related field.
- High School Diploma or equivalent.
Licenses/Certifications:
- Eligibility to obtain and maintain NMLS License (Nationwide Mortgage Licensing System).
- Possession of a valid driver's license.
- Clean driving record; compliance with annual MVR checks.
Experience:
- 8 years of management experience in a financial institution: Advanced
- 8 years of extensive knowledge in Mortgage Sales and Service, and Centralized Lending Programs: Advanced
- 4 years of demonstrated management experience across various lending sectors: Intermediate
- 3 years of experience in business financial analysis, startup proposals, and cash flow analysis: Intermediate
Core Competencies:
- Dynamic leadership skills with the ability to inspire confidence and respect.
- Proficient in managing multiple programs and projects independently, tracking activities, and meeting deadlines.
- Strong attention to detail and ability to handle confidential information with discretion.
- Experienced in analytical and strategic thinking, including project planning and resource allocation.
- Intermediate proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, SharePoint, Microsoft Teams, and Outlook).
- Fundamental understanding of contract law.
Interpersonal Skills:
- Advanced written and verbal communication skills for effective interaction with members and staff, focusing on conflict resolution.
- Goal-oriented leader who fosters a productive environment and motivates team members to achieve high performance.
- Ability to create a workplace that embodies TTCU's Core Values, demonstrating integrity and professionalism while delivering exceptional service.
Work Environment:
Work is primarily conducted indoors in a climate-controlled office setting. The role requires the ability to work independently and collaboratively, plan work activities, and follow detailed instructions. The position involves interpreting complex graphics and specifications, preparing detailed reports, and addressing various personalities with professionalism and discretion. The candidate must manage multiple priorities effectively and maintain composure under pressure while ensuring high standards of accuracy and quality.