Associate Vice President Business & Commercial Operations

Posted 22 Days Ago
Be an Early Applicant
Broomfield, CO
110K-138K Annually
Senior level
Financial Services
The Role
The Associate Vice President of Business & Commercial Operations oversees operational activities related to business products, ensuring compliance and improving efficiency. Responsibilities include managing operations, developing products, and enhancing member experiences while fostering cross-functional partnerships.
Summary Generated by Built In

When joining Elevations, you can expect to work for a company with:

  • A leadership team that strives to make this the best place you’ve ever worked!
  • A focus on supporting our employees’ mental, physical, and financial well-being
  • A commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors
  • A highly engaged workforce devoted to innovation, continuous improvement, and collaboration
  • A reputation for excellence, as evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award
  • A passion for consistently providing amazing experiences and creating raving fans

If you join our team, here are some of the perks you can expect:

  • A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
  • Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
  • Up to a 4% match on 401(k) contributions
  • Up to twelve weeks of fully paid parental leave
  • An extensive Employee Assistance Program that provides personalized care options for your whole household
  • Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Location:

Hybrid Roles: Basecamp, Broomfield 

Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two-week pay period. 

Summary/Objective:

The Associate Vice President Business & Commercial Operations directs and coordinates all operational activities associated with business and commercial operations and servicing to meet business goals. They ensure compliance with and development of business products and policies and to gain organizational efficiency.  The Associate Vice President Business & Commercial Operations is responsible for the business and commercial member experience related to process, product development, continuous improvement, and operational performance reporting. They are a subject matter expert on business and commercial products, partnering cross-functionally for project execution and continuous improvement.

Essential Functions include:

  • Maintains industry knowledge of account management solutions and reviews regulations related to business & commercial products and implements new procedures within the department to stay compliant.
  • Identifies and prepares action plans for product development and account enhancement and operationalizes processes and business and commercial products.
  • Identifies trends, determines system and process improvements, implements changes that improves the member experience and production.
  • Manages day-to-day operations of the Business Services working closely with Business & Commercial lending teams.
  • Engage in vendor contract negotiations and strategically develop, manage, and foster relationships with vendors, ensuring adherence to service level agreements.
  • Partners with Accounting, Finance, Sales and Underwriting to deploy new commercial and small business account and lending products.
  • Develop and manage key performance indicators that consider competitors and market benchmarks.

Reports to: 

SVP Commercial and Business Banking

Manages:

Business Services Specialists

Required Skills, Education and Experience:

  • Four-year college degree or equivalent work experience
  • 6+ years of experience in product management/development and/or banking experience
  • 4+ years of leadership experience in business or commercial banking function
  • Experienced in process improvement within a financial institution
  • Good verbal and written communication skills.
  • Requires the ability to motivate, coach and stakeholders and influence others
  • Requires the ability to plan, organize, prioritize and delegate
  • Basic understanding of core systems
  • Ability to identify and execute on opportunities for portfolio enhancement/adjustments

Preferred Skills, Education and Experience:

  • Certification or demonstrated experience in project management
  • Certification or demonstrated experience in vendor management

Work Environment:

Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements:

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs. of force occasionally to lift, carry, push, pull, or move objects.

Position Type/Expected Hours of Work:

Indicate status, schedule, hours required to maintain status.

Classification:

The Compensation Department will determine exempt (salary) or non-exempt (hourly) status upon review of the Success Profile using Department of Labor Fair Labor Standards Act testing requirements.

Compensation information:

The person hired into this position will likely earn between $110,331.31 and $137,914.14

Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Anticipated Application Window:

This role is anticipated to close within 45 days from the date of posting. However, if the position has not been filled, Elevations may keep the application period open longer.


Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. 

About Us: Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1952, we’ve grown from 12 members and less than $100 in assets to an institution with 15 branches and more than 170,000 members that manages over $3 billion in assets and is the No. 1 credit union mortgage lender in Colorado. At Elevations, we’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.


EEO Statement: The Credit Union is committed to fostering and maintaining a positive and inclusive work environment.
The Credit Union provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, age forty and over, color, disability, gender identity, genetic information, military or veteran status, national origin, religion, sex, sexual orientation, or any other applicable status protected by state or law.


Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such a report will not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties. Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.


ELEVATIONS CREDIT UNION’S COMMITMENT TO PRIVACY

Your privacy is important to us. When you use this Careers site to apply for a job at Elevations Credit Union (“we” and “us”), we collect your personal information.  Examples of personal information collected on the Careers site include your name, contact details, and information you provide for purposes of job applications.  We do not sell your personal information to a third party.  We may share your information with a third party who is performing a service for us related to job applicants. If you have any questions about this privacy statement, please contact us.


Applicants have rights under Federal Employment Laws

Family and Medical Leave Act (FMLA) 

Know Your Rights Poster

Employee Polygraph Protection Act (EPPA) 

The Company
HQ: Boulder, CO
596 Employees
On-site Workplace
Year Founded: 1952

What We Do

Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Elevations provides a broad portfolio of financial products and services including checking and savings accounts, mortgage loans, credit cards, auto loans, home equity loans, student loans, business loans and financial planning. Founded in 1952 as the U of C Federal Credit Union in Boulder, Elevations has grown from 12 members and less than $100 in assets to an institution with more than 130,000 members that manages more than $2 billion in assets and is the No. 1 credit union mortgage lender in Colorado. In 2015 and 2016, Elevations was named one of the Best Companies to Work For in Colorado by the Colorado Society for Human Resource Management.

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Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA www.finra.org /SIPC www.sipc.org ) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Elevations Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Investment representatives at Elevations Credit Union are licensed to transact securities business in CO.

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