Commercial Loan Manager

Lookout Credit Union • Pocatello, ID

1d

About The Position

Using the Credit Union's TREAD model as a guide, the Commercial Loan Manager is responsible for supervising the Commercial Loan department team, overseeing the commercial business development program, and managing significant lending account interactions.

Requirements

• At least ten years similar or related experience.
• A bachelor's degree.
• Motivating or influencing others is a material part of the job. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others. The role requires a significant level of trust or diplomacy.
• Working knowledge of basic computer skills and applications including email and word processing functions.
• Good creative/technical writing abilities.
• Understanding of financial analysis and determination of credit worthiness.
• Knowledge of credit union lending and collections programs, policies, and procedures.
• Mathematic ability to compute discount rates, interest rates, payments, accrual, profit/loss, ratio, proportion, and percentage. Able to perform simple algebra.
• Strong analytical abilities.
• Able to use a financial calculator and related computer/software for lending programs and applications.
• Good history of credit union volunteer involvement, and/or community/civic/trade organization involvement and business development.
• Maintenance of an active license number with the Nationwide Mortgage Licensing System and Registry. (NMLS).

Responsibilities

• Oversees the work of Commercial Loan Department employees; evaluates, reviews, and recommends to management salary adjustments or disciplinary action. (20%)
• Assists Commercial Loan Officers and Processors with complex lending and deposit accounts, and guides team members on credit policy and complex financing arrangements. (20%)
• Manages the department operational budget, develops, proposes, gains acceptance for, and implements strategic plans designed to meet the Credit Union's short and long-term commercial lending objectives. (15%)
• Maintains and seeks out relationships with existing and prospective business clients, centers of influence, and community financing partners. (10%)
• Establishes and maintains continuous guidance on commercial lending policies and procedures. Drafts new lending policies and procedures as needed. (10%)
• Prepares and develops monthly, quarterly, and annual reporting dashboards to assess the commercial loan portfolio and composition. (10%)
• Oversees the Commercial Loan Officer call and business prospecting schedule of the department. (5%)
• Approves loans above Commercial Loan Officers lending limitations. (5%)
• Performs other job related duties as assigned.(5%)

What This Job Offers

• Job Type: Full-time
• Career Level: Manager