SVP Chief Lending Officer

Industrial Bank of Washington•Washington, DC

1d•Hybrid

About The Position

Industrial Bank is a Community Bank that was established in 1934 and has been successfully operating for 91 years. It has acquired the distinction as a Community Development Financial Institution, with a mission to invest in low to moderate income communities we serve in the Mid-Atlantic region ranging from DC, Maryland, Virginia, New Jersey and New York City. Industrial Bank is known for its community engagement and volunteer participation in all the communities it serves. We embrace a culture of Professional Kindness and Ideal Team Player. Our strategic focus is to become a billion dollar financial institution, by focusing on asset growth, regulatory compliance, and improving earnings with a concentration on higher operational expectations. We have a strong customer base, and with our technological projects will expand and enhance services for our customers. We are optimizing lending (commercial real estate, commercial and Industrial and residential lending). We have a commitment to managing our investments responsibly and effectively. We also focus on strengthening internal controls and risk management frameworks. This is a hybrid position, with a work location at our Commercial Lending Department at 4812 Georgia Ave, NW, Washington, DC. Industrial Bank provides health, dental, vision, 401k, performance bonuses, vacation, sick/safe pay, personal days, company paid short and long-term disability and life insurance plan. The salary range for this position is: $195,974.92 to $ 287,354.54 We are seeking a qualified and experienced Chief Lending Officer Summary: The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the management of the consumer and residential loan departments, including loan production, credit quality and compliance.

Requirements

A bachelor’s degree in business administration, finance, or related discipline; master’s degree preferred
10- 14 years of Commercial loan and banking experience with complex accounts
Knowledge of federal bank regulations.
Knowledge of marketing and relationship management practices.
Knowledge of financial and credit risk analysis.

Nice To Haves

Microsoft Suite
Knowledge of computer software programs used to evaluate financial information and to maintain loan information.

Responsibilities

The position serves as the primary contact for the lending division, including communications with Executive management and other departments.
Develops new commercial loan business by maintaining contact with current and potential customers and by following-up on leads provided by other bank officers and staff.
Oversees the credit quality of the commercial and commercial real estate loan portfolios through following the Bank’s credit policy and approval process.
Responsible for maintaining delinquencies and loan exceptions within acceptable levels.
Acts as a loan officer for the more important or more difficult accounts, receives plus processes applications for loans to finance the growth and operations of business enterprises.
Prepares financial analysis of the businesses, approves or obtains approval to make loans, and closes the loan to protect the assets of the Bank.
Reviews loan documents and maintains a relationship with borrowers to be aware of changes to business conditions and to respond quickly if loan payments become delinquent.
Manages the commercial and commercial real estate budget with emphasis on net asset growth and expense control.
Applies the Bank’s underwriting criteria to determine the risk rating of the loan
Manages a team of Commercial and Commercial Real Estate Lenders, as well as Portfolio Managers