Description
We are looking for a motivated, member-focused, target-driven team member to join our Lending Services team as VP of Lending. Are you an experienced, strategic Lending professional? Are you knowledgeable of Federal and State Regulations and best practice lending policies and procedures? Do you have strong team management and leadership skills?
Requirements
What You'll Be Doing...
FedChoice is looking for a VP of Lending to direct and supervise the Credit Union's lending operations, with a primary emphasis on consumer, real estate and participation/business lending, loan servicing, and collections. Ensure that departments within Lending Services and across the organization are working together to provide effective, efficient, and quality service to members and internal customers. You will be expected to facilitate the growth of the Credit Union through the development, execution, and management of lending and collections strategic initiatives aimed at fostering continuous improvement and innovation, all while ensuring strict compliance with regulatory requirements.
Key Areas of Focus...
- Lending Strategy and Leadership - Develop and implement a comprehensive lending strategy aligned with the credit union’s goals and member needs.
- Consumer and Real Estate Lending Oversight - Provide strategic direction and ensure the management and optimization of the consumer and real estate lending functions, including loan origination, underwriting, and closing processes.
- Collections Management - Provide strategic direction and ensure the management and optimization of the Member Business Loans/Participation loan portfolio.
- Loan Servicing - Provide strategic direction and ensure the management and optimization of loan servicing.
- Risk Assessment and Mitigation - Conduct thorough risk assessments related to lending activities, identifying potential risks, and implementing mitigation strategies.
- Policy Development and Compliance - Responsible for the annual development and update of lending policies and procedures to ensure compliance with regulatory requirements and internal standards.
- Performance Monitoring and Reporting - Establish key performance indicators (KPIs) for lending functions and regularly monitor and report on performance against targets.
- Member Engagement and Internal Communications - Collaborate with marketing and other Operations areas to enhance member engagement through lending products and services.
- Team Development and Training - Lead, mentor, and develop the lending team, fostering a culture of excellence and continuous learning.
- Any other duties as assigned.
You should have:
- Minimum seven years managing consumer, indirect, and real estate lending, along with collections experience and at least three years in a senior leadership role
- BA/BS in Business, Finance or Accounting or equivalent experience preferred
- Proficient with Microsoft Office and MeridianLink Administration
- Credit Union or financial institution experience
- Must be registered through the National Mortgage Loan System (NMLS) and must maintain registration
- Exceptional written and verbal communication
- Ability to generate innovative ideas, concepts, processes and execute them successfully
- Familiarity with loan promotions and marketing practices.
Preferred:
- Business Accounts/Lending experience is a plus
- Symitar and MeridianLink knowledge and experience are a plus
When you join FedChoice
You are not joining just another credit union; you are joining a progressive financial institution. At FedChoice Federal Credit Union, we offer an altogether better banking experience for federal employees and their families and an altogether better working experience for FedChoice employees.
Our competitive benefits and perks include
- Working in comfortable attire like jeans and sneakers
- A day off on your birthday
- Learning & Development opportunities
- Tuition Reimbursement
- Employee Assistance Program
- Employee Loan Rates
- Medical, dental, vision, and life insurance
- 401(k) match
- Flexible Spending Account or Health Savings Account
FedChoice is an equal-opportunity employer.
Skills Required
- Minimum seven years managing consumer, indirect, and real estate lending, along with collections experience
- At least three years in a senior leadership role
- BA/BS in Business, Finance or Accounting or equivalent experience
- Must be registered through the National Mortgage Loan System
What We Do
FedChoice Federal Credit Union serves over 25,000 members, primarily federal civilian employees, their families, and household members, providing day-to-day financial needs, future prosperity, and retirement security. They offer a range of financial products including savings and checking accounts, credit cards, and various loans.
