Lending Relations Specialist - Northern Illinois

MSU Federal Credit Union • South Elgin, IL

6d • $27 - $41 • Hybrid

About The Position

The Lending Relations Specialist is responsible for maintaining and growing business relationships with participating dealerships, contractors, and merchants. This position services Credit Union products through close working relationships with the Credit Union’s network of dealerships, contractors, and merchants. The Lending Relations Specialist markets and promotes Credit Union programs, products, and services through regular visits with dealerships, contractors, and merchants with the goal of increasing the indirect lending portfolio. This position is able to work hybrid and requires travel throughout Northern Illinois/Southern Wisconsin to meet with dealer merchant and contractor partners. A typical schedule includes 4 days traveling throughout the area. The department hours are Monday - Friday 8:30 am - 5:00 pm CT, however hours may vary based on travel and planned touchpoints with partners. An expected schedule will be discussed throughout the interview process.

Requirements

• High school diploma or GED
• Previous sales experience required
• Must have a valid driver’s license with a good driving record
• Completed or pursuing completion of an approved course on developing leadership or sales skills development

Responsibilities

• Serve as the primary communications link between our dealer partners and MSU Federal Credit Union, by identifying and communicating dealership needs, market conditions, competitor trends/programs and reviews findings with Management.
• Communicate, market, and promote the products and services of the Credit Union to dealerships both in writing and orally in a manner that promotes goodwill and efficient services.
• Develop and execute long and short-term marketing plans, in consultation with Management, in order to achieve credit union goals and objectives for auto lending.
• Ensure that the development of the indirect lending program is consistent with overall Credit Union operations and strategic direction of the Credit Union.
• Visit our current dealer partners regularly to market and promote the Credit Union’s indirect lending program.
• Train dealership personnel on Credit Union’s policies and procedures.
• Support, maintain and grow business relationships with our dealer partners, appropriate managers, salespersons and support people.
• Prepare activity reports on a weekly basis for Management.
• Communicate with dealers regarding look to book, approves, declines and overall performance.
• Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
• Identify poor performing dealers, merchants or contractors.
• Determine best strategy to improve performance.
• Implement strategy and follow up as needed to ensure that dealer is meeting Credit Union objectives.
• Identify potential new partners, conduct appropriate research of potential new partners, and approach new potential partners to market and promote Credit Union indirect lending.
• Create, prepare and give presentations to all indirect partners.
• Identify additional areas of opportunity or growth for the Credit Union (market, industry, product, service, etc.).
• Develop and implement training for new Lending Relations Specialists.

Benefits

• Company car (AWD SUV) and fuel card provided
• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year
• Volunteer Time Off
• 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED