VP Commercial Lending

    • Job Tracking ID: 512165-754356
    • Job Location: Broomfield, CO
    • Job Level: Any
    • Level of Education: Any
    • Job Type: Full-Time/Regular
    • Date Updated: 01/04/2021
    • Years of Experience: Any
    • Starting Date: ASAP
    • Days of the Week: Mon,Tue,Wed,Thurs,Fri
    • Hours: full time exempt M-F 8-5
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Job Description

POSITION SUMMARY:

Responsible for the success of the Credit Union’s commercial loan objectives, and for planning, organizing, and directing the Credit Union's member business lending program.  Areas of expertise involve all facets of commercial lending, underwriting, portfolio analysis, processing, servicing and collection of member business loans.  Ensures that lending operations are in accordance with established policies, procedures, and legal requirements.  Ensures that lending activities result in maximum volume, appropriate profit for the Credit Union, and a minimal delinquency ratio.  Analyzes and evaluates the effectiveness of member business lending operations.  Supervises and appraises the activities of subordinate staff and ensures that all lending operations are professionally delivered and members are well served.

 

ESSENTIAL FUNCTIONS:

  • Manages, develops and implements effective lending planning, strategies and personnel as it pertains to member business loan origination.

  • Participates in developing lending policies and procedures and ensures they complement organizational goals and are compliant with regulatory standards.

  • Ensures the effective performance of lending related services.

  • Ensures that lending activities are conducted in accordance with established policy guidelines and standards, and are properly documented.

  • Conducts periodic reviews of existing policies to ensure effectiveness.  Ensures that policies are updated and are in accordance with evolving regulations, legal requirements, and industry trends.

  • Completes required reports and related documents promptly and accurately, and in compliance with Credit Union guidelines and policies.  Ensures the maintenance of department records and ensures the availability of adequate services and materials to support lending activities.

  • Monitors existing loan portfolio to maintain a high-quality asset base. Maintains safe and sound lending practices which result in acceptable delinquency ratios.

  • Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation. Responsible for ongoing portfolio management of relationships including identification and documentation of problem loans, policy exceptions, grade changes, annual reviews, watchlist reviews, and/or special reviews that may be required.  Ensure problem loans are closely tracked and effectively resolved.

  • Makes credit decisions that exceed staff authority.  Provides subordinate officers with functional guidance.  May also carry a portfolio.

  • Takes applications for commercial loan business. Reviews customer financial condition and assesses the customer’s ability to repay the loan. Makes underwriting decisions within the approval authority or refers loan to loan committee for approval. Verifies loan agreements are complete and accurate according to policy.

  • Establishes the structure of the loan, including pricing terms and duration in accordance with the customer relationship and company policies.

  • Assists in collection of past due loans. Maintains credit quality to minimizes exceptions, and to prevent past dues and charge offs.

  • Participates in developing lending and deposit business for the organization. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand the client base.

  • Represents the organization as appropriate in its relationships with customers and business community, and civic organizations.  Responsible for ensuring that professional business relationships are established and maintained with members, vendors, the business community, and trade organizations.

  • Ensures that the Credit Union's professional reputation is maintained throughout lending and business transactions with members.

  • Effectively evaluates, trains, supervises and directs department personnel, ensuring optimal performance.  Provides leadership to assigned personnel through effective objective setting, delegation, and communication. Conducts staff meetings as required.  Assigns, directs, and coordinates work.

  • Instructs personnel regarding policy, procedure, and program changes and ensures that they are well informed regarding related legal and regulatory developments.

  • Ensures that staffing levels are appropriate and human resources are effectively utilized.  Conducts interviews and assists with hiring as needed.  Conducts performance appraisals and salary reviews as required.  Formulates and implements corrective actions as needed.

  • Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

  • Assume responsibility for related duties as required or assigned.

 

QUALIFICATIONS

 

Education/Certification:

  • Bachelor’s degree in Accounting, Finance or Business, or an equivalent combination of formal training and experience.  An MBA or some type of banking graduate school is preferred, but not required.

 

Required Knowledge:

  • Extensive knowledge of business loans, commercial real estate, and construction lending practices and procedures.  SBA experience would also be helpful.

  • Thorough knowledge of Credit Union loan and deposit products and applicable policies and standards.

  • Understanding of government regulations and legal requirements in all facets of lending, collections, compliance, and related functions.

 

Experience Required:              

  • At least ten years of progressive commercial lending operations and administration experience, specifically in loan origination, analytics, support, processing, servicing and collections, within a Credit Union or financial institution.

  • Five to ten years of managerial experience over numerous departments supervising a large number of personnel.

  • Must have experience analyzing business financial statements and assessing the viability of businesses.

 

Skills/Abilities:

  • Strong leadership, supervisory, and interpersonal skills.

  • Must have excellent communication and PR skills & the ability to work with a diverse group of customers and staff.

  • Good organizational, managerial, and problem-solving abilities.

  • A high level of analytical skills.

  • Ability to operate related computer applications and business equipment.

 

WORKING CONDITIONS

  • Standard office conditions

  • Low to moderate noise

  • Limited lifting up to 10 lbs.

 

This description has been reviewed to ensure that only essential functions and basic duties have been included.  Peripheral tasks, only incidentally related to each position, have been excluded.  Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions.  In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive.  Additional functions and requirements may be assigned by supervisors as deemed appropriate. 

 

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals.  However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.


The Credit Union believes that each employee makes a significant contribution to our success.  That contribution should not be limited by the assigned responsibilities.  Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent.  It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

Job descriptions are not intended as and do not create employment contracts.  The organization maintains its status as an at-will employer.  Employees can be terminated for any reason not prohibited by law.

Experience and Skills

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