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Abbey Credit Union Inc · 1 month ago

Chief Lending Officer

Vandalia, OH

Part-time

Hybrid

Director/Executive

Abbey Credit Union Inc is seeking a Chief Lending Officer (CLO) to lead all aspects of their lending operations. The CLO will oversee consumer, mortgage, commercial, and indirect lending while aligning strategies with organizational objectives to drive growth and profitability.

BankingFinancial ServicesLending

Responsibilities

Assumes responsibility for the development and implementation of effective Lending planning

Manage at a strategic level the Indirect, Commercial, Consumer, Mortgage, and Collections departments of Abbey. Direct and monitor all lending operations to ensure established goals and objectives are met or exceeded. Monitor and evaluate the effectiveness of products, services, and delivery systems in place, and make recommendations for changes

Participate in the establishment of the annual department budget and monitor performance to budget throughout the year; establish yearly sales goals for indirect, commercial services, mortgage, and consumer lending programs, and initiate action to achieve established goals

Executes established goals and coordinates their implementation with other departments and with subordinates

Ensures the effective performance of lending-related services

Ensures lending activities are conducted following established policy guidelines and standards and are appropriately documented

Works with management team members and direct reports to develop appropriate training and incentive programs. Reviews, tracks, and communicates the loan and collection activity monthly to ensure progress toward stated goals and objectives

Plans and develops sales initiatives designed to improve consumer lending product usage, increase average loan balances, and communicate the desired lending image to members and potential members/borrowers

Responsible for identifying market trends, opportunities and threats, new products, processes, services, and delivery systems to stay well informed of market trends and factors that could potentially impact Abbey's operations and growth

Reviews overall lending activity (consumer, mortgage, and member business lending), loan officer and delinquency reports, and the impact on financial statements to determine results. Compares activity with predetermined objectives and initiates actions and processes required to continuously improve lending productivity and profitability

Prepares and cross-trains a direct report to perform all duties in his/her absence

Ensures the maintenance of statistics relative to loans issued, report data, delinquency follow-up, etc

Ensures business loans, accounts, and property management are managed effectively to meet the needs of borrowers

Is actively involved in various community or civic organizations. Develops business opportunities because of engagement with the community

Generally, attends and leads periodic Credit Committee meetings. Attends monthly Board of Directors meetings at the President’s request

Qualification

Lending strategy developmentRegulatory complianceRisk managementMarket analysisSales initiativesTeam leadershipCommunity engagementInnovationCollaboration

Required

Senior executive responsible for overseeing and leading all aspects of the credit union's lending operations, including consumer, mortgage, commercial, and indirect lending

Actively involved in strategic decision-making and aligns lending strategies with organizational objectives to drive growth and profitability

Developing and implementing short- and long-term lending strategies

Ensuring regulatory compliance and maintaining an acceptable level of risk across the loan portfolio

Fostering innovation and enhancing member experience

Leveraging emerging technologies to optimize lending processes

Fostering strong relationships with key stakeholders, including regulators, examiners, external partners, and the broader community

Overseeing loan quality and servicing

Directing lending managers and team leaders

Inspiring innovation and ensuring that all lending operations are conducted in accordance with established policies, procedures, and federal and state regulations

Assuming responsibility for the development and implementation of effective Lending planning

Managing at a strategic level the Indirect, Commercial, Consumer, Mortgage, and Collections departments

Directing and monitoring all lending operations to ensure established goals and objectives are met or exceeded

Monitoring and evaluating the effectiveness of products, services, and delivery systems in place, and making recommendations for changes

Participating in the establishment of the annual department budget and monitoring performance to budget throughout the year

Establishing yearly sales goals for indirect, commercial services, mortgage, and consumer lending programs, and initiating action to achieve established goals

Executing established goals and coordinating their implementation with other departments and with subordinates

Ensuring the effective performance of lending-related services

Ensuring lending activities are conducted following established policy guidelines and standards and are appropriately documented

Working with management team members and direct reports to develop appropriate training and incentive programs

Reviewing, tracking, and communicating the loan and collection activity monthly to ensure progress toward stated goals and objectives

Planning and developing sales initiatives designed to improve consumer lending product usage, increase average loan balances, and communicate the desired lending image to members and potential members/borrowers

Identifying market trends, opportunities and threats, new products, processes, services, and delivery systems

Reviewing overall lending activity (consumer, mortgage, and member business lending), loan officer and delinquency reports, and the impact on financial statements

Preparing and cross-training a direct report to perform all duties in his/her absence

Ensuring the maintenance of statistics relative to loans issued, report data, delinquency follow-up, etc

Ensuring business loans, accounts, and property management are managed effectively to meet the needs of borrowers

Actively involved in various community or civic organizations

Developing business opportunities because of engagement with the community

Generally attending and leading periodic Credit Committee meetings

Attending monthly Board of Directors meetings at the President's request

Company

Abbey Credit Union Inc

Abbey Credit Union is a full-service credit union located in Vandalia and Troy, Ohio, offering services and products, such as checking, savings, and loans.

Founded in 1937