Consumer Loan Area Manager directs the consumer loan department of a financial institution or other organization. Oversees the research, development, communication, and implementation of consumer lending policies. Being a Consumer Loan Area Manager analyzes lending data to identify risks, trends, and areas for improvement. Ensures lending volume and profit goals are met. Additionally, Consumer Loan Area Manager develops a productive staff with training and coaching. Monitors compliance with federal and state lending regulations. Requires a bachelor's degree. Typically reports to senior management. The Consumer Loan Area Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Consumer Loan Area Manager typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Family Trust Federal Credit Union is in search of a talented and motivated individual to join our team as VP Consumer Loan Administration. This position is responsible for overall administration of the consumer lending function of the credit union. This includes direct supervision of the consumer loan production supervisor, consumer underwriting supervisor, and indirect lending manager. Directs the professional development of staff, ensuring that efficient and effective processes, decisions, communications and controls for overall loan quality are in place to comply with appropriate regulatory requirements and credit union policy. Formulate consumer lending policies and procedures, development of loan products and pricing, establish and monitor key performance indicators for consumer lending performance, and ensures consumer loan originators, underwriters, funders and indirect staff are adequately trained. Actively participate and oversee the daily execution of the credit union's loan policies, processes and procedures, and operations. Should have a strong knowledge of the consumer loan LOS to ensure efficient operations, reporting, and constant process improvement
Other major responsibilities include participating in various projects and committees as assigned, ensuring effective communication with staff, other departments, and management, and oversee compliance with consumer lending policies and procedures. Serve as an active member of the loan administration team and ALCO.
Essential Duties & Responsibilities
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This Job Description is not a complete statement of all duties and responsibilities comprising the position.
Family Trust Federal Credit Union is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race color, religion, sex/gender, national origin, disability, age, or any other category protected by law.
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