What are the responsibilities and job description for the VP Commercial Lender - Tampa, FL position at LMCU?
Job Title: VP Commercial Lender
Primary Location: 12471 W. Linebaugh Ave, Tampa FL 33626
Employee Status: full-time salary
In- Office: Tampa, FL
Estimated Hours/Week: 38
Remote: No
What You’ll Get: (note varied offerings based on role and hours)
The Vice President Commercial Lender role is responsible for relationship and commercial loan portfolio growth through both existing and new customer relationships. The VP Commercial Lender will possess thorough knowledge of commercial lending policy and depository services as well as an
understanding of the LMCU mission, vision and values, business model philosophy, risk tolerance and culture. This role is responsible for loan portfolio management and maintenance. In addition to insuring high standards for customer service, work quality, presentations, and compliance with policies and process are maintained. The VP Commercial lender is responsible for self-development by keeping skills up-to-date (sales, policy, management, documentation, compliance, technical, etc) through multiple resources and will maintain individual professional development plan.
What you’ll do:
Process to Close the Loan:
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not-for-profit institution, owned by its members, instead of corporate stockholders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
Primary Location: 12471 W. Linebaugh Ave, Tampa FL 33626
Employee Status: full-time salary
In- Office: Tampa, FL
Estimated Hours/Week: 38
Remote: No
What You’ll Get: (note varied offerings based on role and hours)
- Weekly Pay
- Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and Vision
- Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
- Retirement options like 401 (k) with company match and pension
- Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time
- Tuition reimbursement
- To see a full list of our benefit offerings – check out this helpful guide!
The Vice President Commercial Lender role is responsible for relationship and commercial loan portfolio growth through both existing and new customer relationships. The VP Commercial Lender will possess thorough knowledge of commercial lending policy and depository services as well as an
understanding of the LMCU mission, vision and values, business model philosophy, risk tolerance and culture. This role is responsible for loan portfolio management and maintenance. In addition to insuring high standards for customer service, work quality, presentations, and compliance with policies and process are maintained. The VP Commercial lender is responsible for self-development by keeping skills up-to-date (sales, policy, management, documentation, compliance, technical, etc) through multiple resources and will maintain individual professional development plan.
What you’ll do:
Process to Close the Loan:
- Leverage your internal and external resources to guarantee efficient process of all aspects of process: (I.e.): Ensure appraisal is ordered, arrange for the title work, etc.
- Assign the file to LOA for file preparation.
- Review loan file to ensure all terms and conditions have been met and obtain all appropriate signatures, including depository requirements.
- Coordinate execution of the documents to close the loan.
- Understand customer request and make preliminary determination of viability.
- Collect pertinent information to the request including financial statements, project information, background and as much information as possible.
- Partner with Credit to obtain any additional information or clarifications.
- Communicate committee decision to customer.
- Move to close the loan.
- Monitor portfolio for credit quality, past due credits, non-performing loans, loan servicing and clearing outstanding loan conditions.
- Consistently call on clients/members on quarterly to semi-annual basis to keep aware of new opportunities.
- Monitor customer relationship development and account management to include: Identifying cross sell opportunities for deposits and all other products/services.
- Develop a strong business pipeline of transactions and activity to enhance the customer relationship. Goal is $15MM in loan production, $7MM in portfolio growth and $60,000 fee income
- Be accessible to customer as point person, referral source or advocate as needed.
- Scout and communicate potential cross-sell opportunities to customers.
- Network and leverage on customers’ behalf for potential (cross-sell) business opportunities.
- Share insights, knowledge and market trends as customers consider additional business opportunities.
- Take interest in customers’ business and be knowledgeable of their operations and financial developments
- Five to eight years of similar or related experience.
- Bachelor's Degree in Finance, Business or a related field of study
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not-for-profit institution, owned by its members, instead of corporate stockholders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
Salary : $60,000
