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Teachers Federal Credit Union · 7 hours ago

Vice President - Consumer Lending

Hauppauge, NY

Full-time

Onsite

Senior Level, Lead/Staff

$195K/yr - $255K/yr

10+ years exp

Teachers Federal Credit Union is one of the nation’s leading credit unions, committed to guiding members toward building a strong financial foundation. The Vice President of Consumer Lending will lead and direct the overall Consumer Lending Products, focusing on product strategy, management, and performance to achieve financial goals.

BankingFinance

Responsibilities

Drives origination strategies and partnerships. Defines the execution for short-term and long-term loan production, growth, and service objectives. Ability to drive change across many products and channels simultaneous

Develops the strategy, tactics, and performance goals required to achieve targeted financial results

Responsible for overall margin yields of consumer loan products, including monitoring losses, advising on target WACs/Interest Rates and understanding impact of FTP rates set by Finance. Have a fundamental understanding of basic consumer loan portfolio operations and financials

Partner with SVP Consumer, Finance and Risk to advise if margin yield targets will influence ability to achieve volume targets

Partner with first and second line to consistently monitor credit performance and integrity by origination vintage

Manage and monitor underwriting policy and staff with coaching and professional development

Build a high-performance Product Management team to properly manage each product and origination channels

Ability to outline and execute origination strategies to ensure integration with an overall marketing strategy and calendar that is synchronized across all channels and products

Defines and consistently iterates various product strategies, workflow and roadmaps for all products

Understands loan origination and onboarding experience, continually iterating and improving the NPS and loan conversion metrics

Performs other duties as needed upon request by immediate supervisor

Qualification

Consumer Lending ExperienceConsumer UnderwritingLoan Performance AnalysisConsumer LOS ExpertiseCredit Report AnalysisMicrosoft Office ProficiencyStrategic PlanningLeadership SkillsTeam Management

Required

Bachelor's degree required

Minimum ten years of progressive consumer lending experience with at least five years in a senior leadership role

Demonstrated expertise with various Consumer LOS, credit report analysis, consumer underwriting, consumer loan originations and loan performance analysis required

Experience with consumer loan auto and credit card required

Proficiency with Microsoft Office applications (Excel, Word, PowerPoint)