Vice President of Lending

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Position Title: Vice-President of Lending Position Type: Full-Time Reports To: President/CEO Employment classification: Exempt

Position Description:

Responsible for the credit union's administrative management of loan functions. Participate in strategic planning and the development of credit union policies, procedures, and goals. Develop and implement consistent organizational policies and procedures that comply with external regulations. Support and lead residential mortgage department through CU Members & CUMA Mortgage.

Duties and Responsibilities:

1. Oversee and monitor the loan function to achieve its strategic goals. Direct the work of loan officers in all lending areas to include underwriting, loan processing, loan documentation, and approval or denial of loans for consumer, mortgage, and business/commercial loans.

2. Create the budget for the lending department and track on an ongoing basis for adherence.

3. Develop, implement, and monitor policies and procedures in accordance with credit union goals and strategies. Work with other departments to maintain consistency in credit union policies and procedures.

4. Oversee the development and monitoring of performance standards. Provide mentoring, coaching, or training to support and develop managers and staff.

5. Research and evaluate feasibility of new lending products. Develop and implement plans for expansion of lending programs. Keep abreast of changes in the industry and changing trends in lending and react to changes in a way that maintains competitiveness.

6. Work with loan officers and members on complex issues to prevent loss to the credit union and support the membership.

7. Carries out the Credit Unions Asset Liability objectives in terms of pricing, retention, and selling of loans through the secondary market.

8. Compiles and analyzes statistical data to identify trends in the lending portfolio, and to evaluate the effectiveness of current underwriting policies and practices; communicates trends to the President/CEO.

9. Interface with vendors, regulatory agencies, and legal counsel, as appropriate.

10. Oversee the marketing efforts to develop and communicate loan promotions.

11. Represent and promote the credit union at external functions.

12. Serves on committees as assigned.

13. All other duties as assigned.

Qualifications, Skills, and Experience

• Bachelor's Degree is preferred.
• Five years' experience (preferably in a financial institution) with an emphasis on accounting reconciliation and financial reporting.
• Minimum two years' previous supervisory experience.
• In-depth knowledge of lending regulations and financial reporting.
• Must possess exceptional organizational, analytical and problem-solving skills.
• Excellent verbal, written, and interpersonal communication skills.
• Must be adept at managing multiple responsibilities and able to work collaboratively with individuals at all levels of the organization.
• High level of integrity/accountability; honesty; treats people with respect; viewed as a role model; ability to quickly establish significant credibility, trust, and support with other levels of the organization.
• PC proficient including Microsoft Office (Word, Excel, Outlook) as well as other spreadsheet and financial analysis programs.

Equipment Operation:

Computer/printerTelephoneTypewriterCalculatorCurrency counterMicrofiche machinePhotocopier Fax machinePostage machineCoin MachineATMOther office equipment as needed

THIS CONTAINS A LIMITED LIST OF JOB RESPONSIBILITES AND IS NOT ALL-INCLUSIVE. EMPLOYEES ARE EXPECTED TO PERFORM ALL OTHER DUTIES AS ASSIGNED AND DIRECTED BY MANAGEMENT. S AND DUTIES MAY BE MODIFIED AT ANY TIME WHEN DEEMED APPROPRIATE BY MANAGEMENT.

THE CREDIT UNION IS AN AT-WILL EMPLOYER. THIS POSITION DESCRIPTION DOES NOT CREATE A CONTRACT OF EMPLOYMENT OR GUARANTEE EMPLOYMENT FOR ANY SPECIFIC DURATION.

Job Type: Full-time

Pay: $75,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday
• Weekends as needed

Experience:

• Lending: 5 years (Preferred)

Ability to Relocate:

• Sayre, PA 18840: Relocate before starting work (Required)

Work Location: In person