Lending Asset Manager

BLACK HILLS FEDERAL CREDIT UNION•Rapid City, SD

10d•Onsite

About The Position

The Lending Asset Manager manages and resolves non-performing and higher-risk credit relationships within the credit union’s lending portfolio. The role oversees loan workout, modification, and hardship programs across consumer, mortgage, business, agricultural, and commercial portfolios while ensuring compliance with applicable regulations and internal policies. It works closely with executive leadership and business partners to assess, monitor, and mitigate credit risk, oversee portfolio performance, and support sound lending practices. The position balances risk management objectives with member-focused financial solutions to help maintain the organization’s financial health and stability. The role leads decisions on loan restructures, modifications, and hardship requests; manages the non-performing loan portfolio and loan loss reserves; and reports on performance, delinquency trends, reserves, and charge-offs to internal stakeholders. It also conducts post-mortem analyses of charge-offs, supports underwriting recommendations, collaborates with legal counsel and internal departments, participates in ALCO meetings, and maintains assigned client relationships through annual reviews and credit monitoring. The position is based at the corporate office in Rapid City, South Dakota. Occasional travel to branch locations or community events may be required. Work is primarily sedentary in an indoor, climate-controlled shared work area with moderate noise, and routinely involves computer work for an average of 6–8 hours per day. Flexible and extended hours may be required.

Requirements

Eight to ten years of experience in credit risk management, commercial lending, or a related field.
A four-year college level of language, math, and reasoning skills.
Ability to identify, assess, and develop strategies to manage and mitigate credit, market, operational, and compliance risks.
Ability to ensure credit-risk activities comply with applicable laws and regulations.
Ability to manage relationships with regulatory bodies and handle audits.
Ability to oversee the performance and risk of a large loan portfolio and implement strategies to optimize performance and minimize risk.
Ability to leverage technology and data analytics for credit-risk management, and openness to adopting new tools and methodologies.
Ability to build and maintain strong relationships with internal and external stakeholders.
Negotiation and conflict-resolution skills for working with third-party vendors and partners.
Ability to coordinate and implement legal strategies relating to foreclosures, deeds-in-lieu, and other repossession activities across jurisdictions.
In-depth understanding of credit-risk principles, practices, and methodologies; credit and financial analysis; regulatory requirements; and compliance standards related to credit risk.
Proficiency in financial statement analysis, credit analysis, and risk assessment; understanding of loan structuring, pricing, and profitability evaluation.
Knowledge of financial-services industry trends, specialized industries such as healthcare, construction, and hospitality, and federal and state regulations affecting credit risk and lending.
Knowledge of repossessions, bankruptcy procedures and actions, and credit counseling accounts; ability to counsel members and determine workable payment arrangements.
Knowledge of legal, insurance, regulatory, economic, competitive, and technology environments that may affect collection accounts.
Experience with regulatory audits and examinations.
Ability to communicate verbally and in writing with directors, staff, members, and outside parties; complete paperwork; and perform computer-related input.
Ability to work flexible hours and maintain high professional standards of appearance, conduct, judgment, and confidentiality.
Ability to perform primarily sedentary work with limited exertion, occasional lifting up to 5 pounds, and routine computer work for an average of 6–8 hours daily.
Ability to operate routine office equipment and climb or descend stairs in an emergency.
Ability to maintain regular, reliable, and timely attendance; work independently or as part of a team; handle multiple changing priorities; and perform accurately under deadline pressure.
Ability to deal calmly and professionally with diverse personalities and demonstrate customer service, discretion, and confidentiality.

Nice To Haves

A bachelor’s degree in finance, accounting, or a related field is strongly preferred.

Responsibilities

Identify, assess, and develop strategies to manage and mitigate credit, market, operational, and compliance risks.
Calculate and monitor loan loss reserves and oversee the non-performing loan portfolio, using risk-based decision-making informed by economic and market conditions and organizational strategic goals.
Monitor risk exposures, report to senior management, and ensure regulatory compliance.
Lead decisions on loan restructures, modifications, and hardship requests across consumer, mortgage, and business portfolios, including high-risk and distressed loans.
Manage workout and modification requests in compliance with policies while maintaining a member-centric approach.
Oversee non-performing loan portfolio performance and risk, aligning credit-risk strategies with business objectives.
Conduct post-mortem analyses of charge-off balances and recommend credit underwriting guideline changes across consumer, mortgage, and business portfolios.
Present reports on loan performance, delinquency trends, loan loss reserves, and charge-off balances to appropriate internal stakeholders identified by the VP Business Lending.
Work with internal legal counsel, or others at counsel’s direction, to ensure workouts, modifications, and complex business transactions comply with legal and regulatory standards and legal strategies.
Collaborate with internal departments to streamline processes for distressed loans, loan modifications, and business credit requests.
Participate in Asset-Liability Committee (ALCO) meetings and subcommittees, providing insights on credit risk management and balance sheet optimization.
Work with assigned client relationships, conduct annual reviews, monitor credit performance, and identify additional financing and deposit needs.
Perform other duties as assigned by the VP Business Lending, CLO, or CLCO.