Business Lending Director

2 days ago


South Burlington, Vermont, United States EastRise Federal Credit Union Full time
Job Overview

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

The ideal candidate will have a strong background in business lending, excellent leadership skills, and the ability to develop and implement effective lending strategies. If you are a motivated and experienced professional looking for a new challenge, we encourage you to apply.

Key Responsibilities

  • Manage and direct the business lending department, including activities related to the development, processing, and maintenance of business loans and business services.
  • Responsible for all aspects of performance relating to the business loan and business service portfolios, including composition, industry concentration, credit quality, portfolio yield, delinquency, and overall performance.
  • Collaborate with the Credit Operations team to ensure coordinated and comprehensive management of business loan functions.
  • Develop and maintain interest rate structures, lending programs, and budgets that are competitive and optimize profitability.

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.


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