Director-Commercial Lending

WHEDA serves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing, small businesses, and agriculture.

WHEDA employees participate in the State of Wisconsin benefit package (https://www.wheda.com/about-wheda/careers/benefits). WHEDA offers an excellent benefits package that includes: Medical, Vision, and Dental Insurance, State Retirement plan; 457 Deferred Compensation, Group Term Life Insurance (and optional term life insurance for family members), Disability Insurance, paid sick leave, paid vacation time twenty eight (28) personal holiday hours, Twelve (12) paid legal holidays per year, tuition reimbursement program.

As a Director for WHEDA’s Commercial Lending, this position provides direction and leadership related to commercial lending functions of the Authority and commercial strategy and policy commercial strategy and policy, provides support and management to managers and their teams for underwriting, business development, and quality assurance. As part of the Authority’s Senior Leadership team, the Director Commercial Lending participates in cross-functional, organizational and strategic planning activities and decision-making.

Hiring Range for this position is from $128,471 to $151,877 Annually. Offered Salary will be based on qualifications and internal pay equity.

WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement, health insurance and deferred compensation programs.

WHEDA has a work policy where certain employees may enjoy a hybrid or remote work schedule, based on position and business needs. See more details below related to this specific position. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Directs and leads commercial lending professionals responsible for origination processes, including sourcing, underwriting, negotiating and coordinating multifamily and economic development lending. The team is responsible for all commercial real estate lending programs for WHEDA. Monitors lending activities to ensure compliance with applicable laws and regulations, as well as Authority’s policies and procedures.
• Directs and leads professionals responsible for the allocation of state and federal housing tax credits including qualified allocation plan management and administration.
• Directs and leads commercial lending professionals responsible for managing relationships and developing partnerships with WHEDA stakeholders which includes collaborating with the Community and Economic Development Department to prospect for new business across multiple business lines, monitor markets and recommend product changes as necessary.
• Performs supervisory duties, including hiring, training, and coaching, performance evaluations, and corrective action. Ensures that employees follow policies and procedures; maintaining a healthy and safe working environment
• Develops and administers department budget; approves expenditures; reviews financial statements; manages financial operations of department.
• Creates and maintains partnership relations with industry stakeholders to ensure WHEDA is knowledgeable about market conditions and trends. Applies knowledge of market analysis, risk management, and internal quality assurance controls to assess and monitor the commercial lending and housing tax credit allocation business. Responsible for monitoring market conditions within the context of portfolio performance, compliance requirements, and identifying emerging risks.

• Bachelor’s Degree in Business Administration, Finance, Real Estate, Economics, Accounting, or a closely related field; AND 10 years of significant successful experience in a leadership role in the commercial lending or affordable housing industry including 5 years of supervisory experience; OR a combination of education and experience.

Interested candidates can apply online and view the full job posting at wheda.com Careers page. Questions may be directed to whedahr@wheda.com.

This position will remain posted for 21 days. Please note - no exceptions will be made after closing date.