Vice President of Lending

Position Summary:
Ensure consumer lending policies and procedures best serve the credit union and its members. Manage the day to day operation of the consumer loan department. Ensure compliance with state and federal lending laws. Monitor and analyze economic conditions affecting the consumer and loan department and recommend appropriate action. Oversee the day-to-day operation of the collection department.
Report to the board on a monthly basis any activities that need to be addressed.

Essential Functions:

Duties include but are not limited to:
· Ensure that consumer loan policies, procedures, services, products, and documentation meet federal and state regulations.
· Lead the implementation and maintenance of HMDA data collection and reporting procedures, review loan files for accuracy of HMDA data points to ensure compliance with HMDA guidelines and best practices.
· Prepare and provide required information and documentation to expedite the successful completion of internal/external audits and examinations by regulatory agencies (NCUA).
· Formulate and maintain a loan procedure manual for the consumer loan department that is up-to-date with all regulations and requirements. Ensure staff training and compliance.
· Establish budgets that support the credit union's strategic plan for the consumer and commercial loan department, as well as any collection needs. Monitor progress on a regular basis.
· Maintain up-to-date knowledge of general economic conditions or changing trends that may affect the credit union's lending department. Provide timely feedback that allows the credit union to react competitively.
· Maintain knowledge of competitors' rates and terms and other trends relating to the lending department. Construct and propose products, rates, and terms that reflect the marketplace to the ALCO committee. Gain approval from the Board to set those products, rates and terms.
· Monitor and coordinate the discretionary and mandatory loan interest rate changes.
· Develop, analyze, and complete monthly loan reports. Develop procedures and reporting tools for effective information to flow through the department.
· Review loan approvals and denials for soundness of decisions. Work directly with the CEO or Board of Directors for any lending exceptions
· Perform audit of consumer loan files to ensure quality and that lending policies are followed.
· Define appropriate limits of authority for loan personnel, and ensure adequate understanding of the credit union's loan procedures and policies.
· Oversee loan tracking for lenders & branches
· Oversee debt protection, gap insurance and other third party products that help the credit union protect the member and the loan. Ensure that credit and collection policies, procedures, practices, and documentation meet federal and state regulations.
· Assign, monitor, and supervise the work load in the Collections Department to ensure the smooth and efficient flow of work. Ensure the courteous and considerate interface with members at all times.
· Establish and monitor effective control procedures for late and/or delinquent or potentially delinquent loans. Determine when to submit to Board for charge off
· On an on-going basis, communicate and monitor the requirements to lending staff in collections procedures to protect the credit union's interests and to handle members courteously. Train staff on alternative collection techniques to resolve issues positively.
· Review accounts where action beyond routine collection procedures must be approved or implemented. Handle complex situations. Resolve difficult or non-routine member issues.
· Review all billings from attorneys retained for collection work.
· Review default notices, surrender notices, bankruptcy procedures, foreclosure notices, etc. for accuracy and completeness. Recommend legal actions.
· Review all accounts that are to be written off as uncollectible.
· Develop and review accurate reporting procedures on collection activities. Prepare and analyze reports for senior management and/or the Board.
· Establish and maintain effective employee relations within the lending department and credit union staff.
· Develop, monitor and communicate loan department performance expectations/ standards/goals to lending staff.
· Evaluate the job performance of subordinates to ensure quality work and service to members.
· Work with Marketing to help drive lending volume.
· Comply with Credit Union Policies and Procedures including but not limited to Identity Theft-Red Flag, BSA and CIP
· Perform other functions as required by President/CEO.

Qualifications/Experience:
· Bachelor’s Degree, Industry accreditations, and/or combination of education and experience
· 5 - 10 years’ industry experience
· Understanding of HMDA regulations and reporting requirements
· Professional, well-developed interpersonal skills necessary for projecting a positive image as a representative of the Credit Union.
· Requires sound judgment to solve day-to-day problems within regulations and established guidelines.
· Strong analytical skills to assess credit risk and loan performance
· Proven leadership skills
· Ability to track outcomes and maintain focus on long-range goals
· Ability to work and excel in a team setting

Job Type: Full-time/Exempt

Pay: $82,500.00 per year

Benefits:

• 401(k)
• Medical Insurance
• Company paid Dental insurance
• Company paid Vision insurance
• Life Insurance
• STD/LTD
• Health Reimbursement Arrangement
• Flexible Savings Account
• Family type environment
• Jeans Fridays
• Paid time off

Schedule:

• Monday to Friday 8:30-4:30

Work Location: In person

Job Type: Full-time

Pay: $82,500.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person

Salary : $82,500