Come join our team! We are seeking an experienced and dynamic individual to join our credit union as the Vice President of Credit Services. This position is responsible for overseeing and managing all lending and collection operations within the credit union.
Full job description
Position: VP of Credit Services
Department: Executive
Reports to: President & CEO
Directly Supervises: Senior Credit Manager, Member Resolutions Manager
Indirectly Supervises: Credit Manager, Indirect Wholesale Clerk, Member Resolutions Specialists
Job Description: Vice President of Credit Services
Position Overview: We are seeking an experienced and dynamic individual to join our credit union as the Vice President of Credit Services. As the Vice President of Credit Services, you will be responsible for overseeing and managing all lending and collection operations within the credit union. This is an executive-level position that requires strong leadership skills, extensive knowledge of lending practices, and a strategic mindset to drive the credit union's lending initiatives.
Duties and Responsibilities:
1. Lending Strategy and Planning: Develop and execute lending strategies in alignment with the credit union's overall goals and objectives. Monitor market trends and regulatory changes to ensure compliance and identify new opportunities for growth and risk management. Research, evaluate and oversee implementation of new loan products.
2. Loan Portfolio Management: Oversee the credit union's loan portfolio, including consumer loans, mortgages, small business loans, and other lending products. Implement effective underwriting, risk assessment, and loan approval processes to maintain a high-quality loan portfolio.
3. Collections Management: Oversee the credit union's collections department, leading the team to optimize collection processes and ensure compliance with regulations.
4. Leadership and Team Management: Provide leadership and guidance to the lending department. Foster a positive and productive work environment, set performance expectations, and ensure the team is trained and equipped to meet lending targets. Conduct regular performance evaluations and provide coaching and mentoring as needed.
5 Compliance and Risk Management: Ensure lending operations comply with all applicable laws, regulations, and internal policies. Implement effective risk management strategies, including credit risk assessment, collateral valuation, and loan documentation practices. Monitor and manage delinquencies, defaults, and loan loss provisions.
6. Business Development: Identify and pursue new lending opportunities to grow the credit union's loan portfolio. Establish and maintain relationships with external stakeholders, including borrowers, real estate professionals, small business owners, and other potential lending partners.
7. Reporting and Analysis: Prepare regular reports on lending activities, performance metrics, and portfolio quality. Conduct in-depth analysis of lending data to identify trends, opportunities, and potential areas of improvement. Present findings and recommendations to the Chief Executive Officer.
8. Collaboration and Cross-functional Coordination: Collaborate with other departments, such as accounting, marketing, and operations, to ensure seamless integration of lending activities with the credit union's overall operations. Work closely with the Chief Financial Officer and other executives to develop and execute strategies for sustainable growth.
This is not a comprehensive list of responsibilities and is provided as an overview of the position.
Qualifications:
- Bachelor's degree in finance, business administration, or a related field
- A minimum of 5 years of progressive experience in lending, preferably in a credit union or financial institution.
- Strong knowledge of lending principles, underwriting standards, and risk management practices.
- Demonstrated leadership abilities with experience in managing and motivating a team.
- Excellent analytical and problem-solving skills.
- In-depth understanding of industry regulations and compliance requirements.
- Proven track record in business development and portfolio growth.
- Exceptional communication and interpersonal skills.
- Ability to work collaboratively in a cross-functional environment.
- Proficient in using loan origination systems and other relevant software.
This is a challenging and rewarding opportunity to make a significant impact on the lending and collections operations of our credit union. If you have a passion for lending, a strategic mindset, and the ability to lead and inspire a team, we invite you to apply for the position of Vice President of Credit Services.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- Monday to Friday
- Weekends as needed
Ability to Commute:
- Chesterton, IN 46304 (Required)
Ability to Relocate:
- Chesterton, IN 46304: Relocate before starting work (Required)
Work Location: In person