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Jeanne D'Arc Credit Union · 2 months ago

Vice President, Commercial Loan Officer

Lowell, MA, US

Full-time

Onsite

Mid, Senior Level

$103K/yr - $155K/yr

7+ years exp

Jeanne D'Arc Credit Union is committed to building careers and providing exceptional service to its members. The Vice President, Commercial Loan Officer will manage a commercial business portfolio, develop lending relationships, and ensure compliance with loan policies while contributing to the growth of the credit union.

BankingVenture Capital

Responsibilities

Cultivates new lending and deposit opportunities that can be developed into strategic relationships; develops, retains, and maintains loan and deposit relationships with business members

Coordinates the generation, underwriting, and management of commercial loans

Exercises due diligence in analyzing loans, including assessing risks, real estate analysis, cash flow, profitability, and credit while adhering to regulatory requirements and internal loan policies

Interviews business loan applicants; researches business; collects and analyzes tax and financial information to determine the current creditworthiness of the potential borrower

Understands and maintains a broad level of knowledge on small business & commercial products to foster relationship-building initiatives

Keeps informed of loan policy, required documentation, structuring, and regulatory requirements

Assists in the management of the loan portfolio to ensure credit quality and to minimize loan losses

Ensures borrowing members adhere to loan covenants, maintains current member risk ratings, and ensures credit files remain current

Reviews maturing loans and presents for renewal if applicable

Manages and gathers financial information to perform annual loan reviews, adheres to loan policies and compliance with financial covenants, recommends changes to risk ratings when appropriate, and monitors covenant compliance

Conducts yearly site visits to coordinate with annual loan review of the commercial portfolio if necessary

Assists in resolving commercial business loan delinquencies and servicing issues

Deescalates challenging member situations by problem-solving, exercising sound judgment and decision-making skills while demonstrating a special effort to say 'yes.'

Analyzes loan requests, terms, evaluation of credit risk, and other vital factors and presents administrative issues for approval

Supports department metrics and monitors metric performance

Identifies opportunities to build awareness, share successes, and close gaps relative to performance inhibitors

Participates in the development of overall department operating policies and procedures

Promotes Jeanne D'Arc Credit Union through community involvement, memberships in organizations and business networks, and visibility at community events and activities sponsored and supported by the Credit Union

Performs other job-related duties as assigned

Qualification

Commercial lendingRisk assessmentFinancial analysisNegotiation skillsMicrosoft OfficeCommunication skillsProblem-solvingTime managementTeam collaboration

Required

Seven to ten years of related experience

Must have a valid driver's license and a good driving record with a minimum of two years of driving experience

Bachelor's degree required or an equivalent combination of education and experience

Ability to motivate and influence others

Advanced negotiation and conflict resolution skills are required, including the ability to diffuse upset members skillfully and gain the trust and cooperation of others

Exceptional written and verbal communication skills are required, including providing clear delegation of tasks and presenting confidently to individuals at all levels outside and within the Credit Union, including the Executive team

Empathy, patience, active listening, and sound judgment are required

This position requires a high degree of confidentiality, discretion, diplomacy, and tact in communication

Ability to understand and communicate products, services, and regulations

Proficiency with Microsoft Office, business applications, and learning the core system and other related software are required

Apply cognitive reasoning to daily tasks, take ownership, and work independently and as part of a collaborative team

Writing, reading, and comprehending complex instructions, correspondence, memos, policies, and procedures is required

Ability to dissect raw data into a summarized analysis and perform research on current and new lending practices is required

Applies knowledge and experience to develop solutions and implement appropriate actions

Must be highly motivated, detail-oriented, organized, and skillful with time management

Efficient with multitasking, decision-making, problem-solving, and practical application

Must be able to work in a professional, fast-paced environment while managing a high-volume pipeline without sacrificing the quality and accuracy of work performed

Position requires driving and frequent local travel, attendance at events, and may require work to be performed both in-office and remotely during and outside of regular business hours