Chief Lending Officer

The Village Bank•Newton, MA

8d•$250,000 - $350,000•Hybrid

About The Position

The Village Bank is seeking a Senior Vice President, Chief Lending Officer to lead its lending function and help drive strategic growth, portfolio performance, and client relationships. The Village Bank, with a history spanning more than a century, is the only mutual community bank headquartered in the City of Newton. They measure success by the meaningful relationships built through a strong commitment to customers and community. With 10 full-service offices, the Bank provides area residents and businesses with outstanding financial products and services, with the added advantage of local knowledge, local experience, and local decisions. The Village Bank donates more than $1 million annually in support of initiatives that enhance the quality of life in the neighborhoods they call home. They are dedicated to their customers, to remaining a trusted mutual bank, and to their communities.

Requirements

Bachelor’s degree in business administration, finance, accounting, economics, or related field.
Minimum of 20 years of progressively responsible credit, lending, and management experience, or equivalent combination of education and experience.
Proven leadership across the lending function, including coaching and developing managers and teams.
Strong knowledge of regulatory guidelines relevant to lending.

Responsibilities

Lead the Bank’s lending functions, including business development, portfolio management, and loan servicing, to meet established goals providing optimum profitability within acceptable risk limits.
Develop and carry out lending strategies, including loan growth targets and portfolio management, while balancing return, profitability, and risk.
Partner with the Chief Credit Officer to ensure lending practices align with the Bank’s risk tolerance and strategic goals.
Lead lending teams in generating business, building client relationships, increasing wallet share, and expanding market presence.
Oversee loan origination, including marketing lending products, and ensure effective customer service.
Manage a portfolio of commercial loan customers, including cross-selling products and services and reviewing new loan requests.
Set the lending team structure, staffing approach, and management practices; coach, mentor and train to provide for the continuing development of managers and staff.
Review loan applications, approve loans within established lending limits, and make recommendations to Chief Credit Officer, President & CEO, Security Committee, and the Board of Directors for loans requiring higher-level approval.
Interview residential and commercial loan applicants, prospect for new clients, and assist loan customers as needed.
Participate in executive management planning, including short- and long-range plans, strategies, and policies; serve on key management planning committees such as CRA, ALCO, IT Steering, and Security Committee.
Serve as the primary management liaison to the Security Committee and prepare reports for executive leadership, the Board, and federal regulators as needed.
Develop strategies that leverage the Bank’s strengths to differentiate its lending products and services from competitors.
Implement technology solutions that improve efficiency and customer experience.
Stay informed about state and local economic conditions, especially those affecting real estate values.
Ensure lending activities and lending department staff comply with federal and state rules and regulations.
Manage lending compliance audits, regulatory examinations, and loan reviews.
Monitor competitive lending market conditions.
Support marketing ideas for lending and business development.
Represent and promote the Bank through community and industry involvement, including service on local nonprofit boards. Actively promote interest in the Bank wherever and whenever possible.