EastRise Federal Credit Union
VP, Business Lending
EastRise Federal Credit Union, South Burlington, Vermont, us, 05403
At EastRise Credit Union, we are committed to empowering businesses through tailored financial solutions. We are seeking a dynamic and experienced Vice President of Business Lending to lead our business lending department, ensuring the highest standards of service and compliance while driving growth and profitability.
If you are interested in joining a financial cooperative with a banking purpose that is focused on caring for people and communities by building strong and sustainable financial futures, we want to hear from you and how your experience can help EastRise grow and create impact in the lives of others.
The VP, Business Lending oversees the approval and declination of business loan applications within limits of authorized lending. Responsible for organizing, planning, and directing the company’s business loan functions to optimize, production, profits, balance growth, and member businesses satisfaction. This position establishes and implements departmental lending policies and operational procedures consistent with overall company management policies. Leads the Business Lending team by guiding and coaching them in the management of business relationships, structuring of loans, and the adherence to policies and procedural guidelines.
Specific duties include :
Manages and directs the business lending department including activities related to the development, processing, and maintenance of business loans and business services. Ensures a competent, motivated staff through hiring, training, counseling, supervising, and reviewing performance of staff employees.
Responsible for all aspects of performance relating to the business loan and business service portfolios and administration of business services and business loan services. This includes the composition, industry concentration, credit quality, portfolio yield, delinquency, and overall performance of the business loan portfolio. Ensures compliance with company standards and practices and State and Federal regulations.
Collaborates with CLO, Director of Business Lending and Business Services, VP of Credit Operations, Credit team, and Credit Admin team to ensure coordinated, comprehensive and cohesive management of business loan function is maintained. Keeps BLC informed of market developments, rate discussions, and key relationships.
Manages and directs all aspects of Business Services including the policy, procedure, sales, administration and servicing of ACH, RDC and Wire Transfer Services via online or digital banking platform. Develops and oversees business deposit products to ensure member needs are being met with competitive products within the defined market.
Supervises and assists with the collection of delinquent accounts. Maintains delinquency within company guidelines. Follows accounts to final resolution including repossession, foreclosure, bankruptcy, etc. Establishes repayment schedules, tracks payment on charge off and bankruptcy accounts.
Develops and maintains interest rate structure (within parameters set periodically by the BLC), lending programs, and budgets which are competitive and optimize profitability.
Requirements :
Eight years to 10 years of similar or related experience
A college degree in a related field.
Knowledge of State and Federal regulations affecting consumer and student loans.
Experience managing a large team of direct reports.
Experience assembling complex business deals.
Experience in mortgage and consumer lending preferred.
E.O.E.
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If you are interested in joining a financial cooperative with a banking purpose that is focused on caring for people and communities by building strong and sustainable financial futures, we want to hear from you and how your experience can help EastRise grow and create impact in the lives of others.
The VP, Business Lending oversees the approval and declination of business loan applications within limits of authorized lending. Responsible for organizing, planning, and directing the company’s business loan functions to optimize, production, profits, balance growth, and member businesses satisfaction. This position establishes and implements departmental lending policies and operational procedures consistent with overall company management policies. Leads the Business Lending team by guiding and coaching them in the management of business relationships, structuring of loans, and the adherence to policies and procedural guidelines.
Specific duties include :
Manages and directs the business lending department including activities related to the development, processing, and maintenance of business loans and business services. Ensures a competent, motivated staff through hiring, training, counseling, supervising, and reviewing performance of staff employees.
Responsible for all aspects of performance relating to the business loan and business service portfolios and administration of business services and business loan services. This includes the composition, industry concentration, credit quality, portfolio yield, delinquency, and overall performance of the business loan portfolio. Ensures compliance with company standards and practices and State and Federal regulations.
Collaborates with CLO, Director of Business Lending and Business Services, VP of Credit Operations, Credit team, and Credit Admin team to ensure coordinated, comprehensive and cohesive management of business loan function is maintained. Keeps BLC informed of market developments, rate discussions, and key relationships.
Manages and directs all aspects of Business Services including the policy, procedure, sales, administration and servicing of ACH, RDC and Wire Transfer Services via online or digital banking platform. Develops and oversees business deposit products to ensure member needs are being met with competitive products within the defined market.
Supervises and assists with the collection of delinquent accounts. Maintains delinquency within company guidelines. Follows accounts to final resolution including repossession, foreclosure, bankruptcy, etc. Establishes repayment schedules, tracks payment on charge off and bankruptcy accounts.
Develops and maintains interest rate structure (within parameters set periodically by the BLC), lending programs, and budgets which are competitive and optimize profitability.
Requirements :
Eight years to 10 years of similar or related experience
A college degree in a related field.
Knowledge of State and Federal regulations affecting consumer and student loans.
Experience managing a large team of direct reports.
Experience assembling complex business deals.
Experience in mortgage and consumer lending preferred.
E.O.E.
#J-18808-Ljbffr