Business Lending Manager

Black Hills Federal Credit Union • Rapid City, SD

261d • Remote

About The Position

Who We Are We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members. At BHFCU, we're committed to improving the lives of our members every day, and we look for people who share that passion. Don't have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths. General Purpose: Responsible for the overall production and operation of the Business Lending Department.

Requirements

• Knowledgeable of the fundamentals of the financial industry, including the operation and delivery of commercial lending and financial services.
• Demonstrated knowledge of all types of commercial lending, including SBA Programs, Rural Development Programs, Commercial Real Estate, Construction, Industrial, Equipment and Line of Credit loans.
• Knowledge of laws and regulations affecting Credit Union operations.
• Ability to communicate effectively with all levels of the organization and to outside parties.
• Ability to write and implement organization's policies/procedures.
• Must be able to read and interpret financial reports.
• Knowledge of the Credit Union's computer systems.
• Ability to understand and follow complex written and oral instructions.
• Ability to prepare and maintain confidential records and reports.
• Ability to analyze statistics and financial data.

Responsibilities

• Direct daily business lending operations and work as a producing manager, growing and maintaining a personal commercial loan portfolio.
• Approve, reject, and process business loan applications; verify applications for completeness; conduct credit investigations; determine value and status of collateral; establish a signature limit; and document business loans as per Credit Union policy and procedures.
• Facilitate business lending by seeking potential clients and effectively explaining Credit Union products and services.
• Provide input for the development of department budget consistent with the strategic plan and overall budget.
• Remain current on changes within the legal, regulatory, economic, competitive, and technology environments that may affect the operations function.
• Assist the Vice President Business Lending with respect to recommendations for hires, terminations, promotions, transfers, performance appraisals, training and development.
• Conduct financial analysis of services designed to maximize profits and broaden services.
• Establish, maintain, and monitor policies, procedures and internal controls.
• Responsible for monitoring the delinquency of commercial/business loans, including early-stage collection calls.
• Prepare standardized reports as directed by Management, including the Quarterly Business Reports and Loan Watch List.
• Provide staff training on business loan functions.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree