Vice President, Lending – with CLO level consideration

Description

Cabrillo Credit Union is looking for a talented Lending Executive to join our dynamic Credit Union. We are hiring a VP level; however, we welcome those with CLO experience to apply and look forward to meeting you. 

As VP of Lending, (or CLO), you will be responsible for the strategic leadership of Cabrillo Credit Union’s Lending and Collections functions. This position requires direct experience and demonstrated expertise in the assessment and management of loan portfolios, including risk analysis, balancing portfolios, and adapting in a changing economic environment.  The Lending executive will research and evaluate the feasibility of new lending products, and develop/implement plans for expansion of lending programs to ensure maximum profitability of lending activities that are also in the best interest of the Membership. 

PRINCIPAL DUTIES AND RESPONSIBILITES, INCLUDE BUT ARE NOT LIMITED TO:

• Participate in the credit union’s long- and short-term strategic planning.
• Plan, organize and direct the credit union’s collections and centralized lending functions, including real estate.
• Set the Loan Department’s strategic plans to align with the credit union’s business plan. 
• Establish and ensure the implementation of target goals for the department.
• Ensure the lending activities result in the credit union achieving its greatest volume potential, providing appropriate profit for the credit union, all with minimal delinquency and charge-off ratios.
• Communicate credit union goals and direction with the team to ensure clear understanding of rules, regulations, requirements, and expectations.
• Create the budget for department and track on an ongoing basis for adherence.
• 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.
• Oversee and monitor the loan function to achieve its strategic goals. Direct the work of loan managers in all lending areas to include underwriting, loan processing, loan documentation, and approval or denial of loans for consumer, mortgage, or business loans.
• Oversee the development and monitoring of performance standards. Provide mentoring, coaching, or training to develop managers and staff.
• Research and evaluate the 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.
• Work with loan managers and members on complex issues to prevent loss to the credit union and assist the membership.
• Represent and promote the credit union at external functions.
• Other duties and responsibilities as assigned by the Credit Union.

Requirements

• Bachelor’s degree preferred.
• Minimum of 10 years’ proven leadership experience in consumer lending and asset quality in a Credit Union.
• Thorough knowledge of assessment and management of loan portfolios, including risk analysis, balancing portfolios, and adapting in a changing economic environment.
• Understanding of collections procedures and related legal actions.
• Experience handling problem loans and loan workouts.
• Experience with the foreclosure process and related litigation.
• Strong leadership, collaboration, and supervisory skills.
• Excellent organizational, analytical, management, planning, and decision-making skills. Solid communication and negotiation abilities.
• Extensive understanding of the various state and federal regulations.
• Strong working knowledge of fair lending regulations guidelines.
• Solid knowledge of risk management, portfolio segmentation and analytics, and Allowance for
• Loan Loss methodologies.
• Excellent verbal and written communications and negotiations skills.
• Broad business knowledge and collaborative management skills.