Vice President of Business Credit

Copper State Credit Union•Phoenix, AZ

just now•$133,000 - $175,000•Onsite

About The Position

Copper State Credit Union is seeking a Vice President of Business Credit to join their team. This role is crucial in assisting the credit union in meeting its overall business plan goals and maximizing loan profitability within defined risk limitations. The position involves expanding credit product offerings and creating efficiencies in credit delivery and risk monitoring processes. The Vice President will be accountable for all aspects of the business credit department, including underwriting, loan review analysis, and providing lending support, direction, credit information, and loan policies, procedures, and processes to ensure the quality of the business lending portfolio. This role offers the opportunity to develop and implement business loan policies, work closely with lending personnel to ensure adherence to policies, and ensure proposed loans meet policy guidelines and are adequately documented. The position also involves conducting periodic analysis of loan concentrations, ensuring consumer lending functions exceed member service expectations, and establishing controls and training programs for underwriting, asset quality, and compliance. The Vice President will recommend loan approvals, serve as the Loan Committee Chairman, direct internal loan review, and coordinate external loan review activities. They will also prepare and submit loan reports, participate in the calculation of expected credit losses, supervise business special assets functions, and monitor Key Performance Indicators (KPIs). The role requires maintaining effective employee relations, managing staff development, and monitoring daily tasks and operations. The ideal candidate will be technologically astute, results-oriented, service-focused, possess initiative, have an eye for quality, and demonstrate flexibility in a high-stress environment.

Requirements

Bachelor degree in Business or related field or equivalent work experience.
An advanced education beyond a college degree is preferred, ideally in a financial or business discipline.
A minimum of 10 years of applicable credit union (or similar financial institution) experience including underwriting, collections, management, budgeting, financial analysis, marketing, member service, and/or regulatory training experience.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
Registered with the Nationwide Mortgage Licensing System and Registry (NMLS) as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the “SAFE Act”).
Mastered knowledge of business, business real estate, and related lending, including loan risk rating, portfolio monitoring, asset recovery, and loan work outs.
Extensive knowledge of all lending activities and terminology, including business, construction, real estate and consumer loan processing.
Mastered credit analysis skills with extensive knowledge of loan structure, pricing, and collateral analysis including knowledge and training in financial statement and tax return analysis.
Professional, well-developed interpersonal skills essential for interviewing loan applicants and projecting a positive image as representative of the Credit Union.
Ability to succeed in a high stress environment and meet goals and objectives.
Demonstrate persistence and the ability to overcome obstacles to best serve our members.
Proven ability to build consensus and work effectively within a cross-departmental team.
Excellent organizational and time management skills with the ability to provide leadership, supervision and training for employees in a positive manner to ensure maximum productivity and success.
Technologically Astute – Must demonstrate the ability to use technology to effectively and efficiently perform job functions.
Considerable judgment and a high level of experience in making sound decisions is required.
Must analyze complicated factual situations, apply functional principles and develop solutions.
Includes appropriate people in decision-making process and can support and explain reasoning for decisions.
Advanced mathematical skills required (ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.)

Nice To Haves

An advanced education beyond a college degree is preferred, ideally in a financial or business discipline.

Responsibilities

Assist the credit union in meeting its overall business plan goals and maximizing loan profitability within the capital risk limitations of the credit union.
Assist in expanding credit product offerings and create efficiencies in the credit union’s credit delivery and risk monitoring processes.
Accountable for all aspects of the credit union’s business credit department, including the underwriting and loan review analysis process, and all functions providing lending support, direction, credit information, and loan policies, procedures and processes to ensure the overall quality of the credit union’s business lending portfolio.
Formulate, revise, and implement the credit union’s business loan policies, procedures and practices.
Work closely with lending personnel to ensure the credit union’s policies, procedures and processes are adhered to and all loan presentation approvals are thorough and concise.
Ensure that proposed loans adhere to existing policy guidelines and are sufficiently documented to ensure security of collateral and that administration and review are adequate to maintain the credit union’s loan portfolio quality and profitability.
Conduct periodic analysis of loan concentrations that adheres to regulatory guidance and credit union policy.
Ensure consumer lending functions exceed member service expectations by understanding the credit union organizational goals and key performance indicators and taking the necessary actions to achieve the desired results in the areas of member service quality, loan growth, and internal/external audits.
Establish controls and training programs to ensure underwriting, asset quality, and compliance with designated laws, rules and regulations are developed, implemented and revised as appropriate, and serve as the foundation for coordinating the credit union’s credit underwriting, delinquency follow-up and loan portfolio quality.
Recommend approval of loans over assigned lending authority ensuring that loans are risk rated correctly when reviewing loans for Loan Committee submission.
Reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the credit union to undue credit risk and provide technical guidance to lending personnel in the interpretation of data.
Serve as the Loan Committee Chairman. Prepare the agenda and lead the Loan Committee.
Attend the meetings of the Board of Directors as needed, attend all Risk Management Committee meetings, and participate in other committees designated by the President and CEO.
Direct the internal loan review function and coordinate the external loan review activities in coordination with the Board of Directors’ Supervisory Committee designed to evaluate credit risk and maintain the integrity of the CU’s credit rating system.
Work proactively and effectively with the credit union’s regulators and external auditors to ensure the credit union maintains a healthy regulatory rating.
Prepare and submit various loan reports to the Loan Committee.
Prepare and distribute credit information covering loan quality trends, growth trends, and loan product concentrations.
Work closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the credit union’s loan portfolio.
Participate in the preparation and calculation of the credit union’s expected credit losses in compliance with U.S. Generally Accepted Accounting Principles (GAAP) and applicable federal and state regulatory guidance and makes recommendations to executive management and the board of directors for the amount to be added/deducted to/from the allowance for credit losses.
Calculations to include analyzing local, region, and national economic conditions, expected credit losses and trends, and loan product concentrations.
Supervise the credit union’s Business Special Assets functions in curing weak credits, collection of such credits, or the movement of such undesirable credits.
Identify potential problem credits and develop strategies to improve non-performing loans, reduce delinquencies, maximize recoveries and minimize losses.
Assist in the compilation of loan status reports and implementing respective loan action plans and prepare various reports regarding the status of the credit union’s special assets for submittal to the Board of Directors and Loan Committee.
Monitor and control Key Performance Indicators (KPI’s) in conjunction with annual performance goals and through collaborative efforts, such as, but not limited to, loan policy and credit/collateral exception thresholds, loan to deposit ratio, loan charge-offs, past due and non-accrual loan levels, classified and substandard loans, etc.
Provide accounting and loan review recommendations to the Chief Financial Officer and external auditors.
Consistently apply good decision-making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
Maintain effective employee relations and manage the development and retention of a highly motivated, well-trained staff.
Manage employees by establishing annual performance goals, allocating resources, and assessing annual performance.
Monitor staff in daily tasks, operations and quality control.
Ensure the organization of assigned areas, coordinate available resources, and resolve all staffing, coaching and performance issues, and training.