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LMCU · 2 days ago

Senior Vice President Chief Commercial Officer

Grand Rapids, MI

Full-time

Onsite

Director/Executive

15+ years exp

LMCU is a credit union that offers a fulfilling career where contributions truly matter. The Senior Vice President, Chief Commercial Officer is responsible for overseeing the credit union's commercial lending portfolio and leading commercial lending teams while ensuring compliance with regulations and market trends.

BankingFinanceFinancial ServicesNon Profit

Responsibilities

Provide leadership and direction to all commercial-related teams and activities

Develop, manage and grow commercial loan portfolios across all markets

Monitor and communicate regulatory changes, market trends and changes in lending policy and strategy

Approve larger loan transactions and provide guidance on loan structure and pricing to ensure credit union's quality, profit and asset/liability goals are met

Work with commercial lending market leadership to competitively price loans while helping minimize Credit Union's exposure to interest rate risk

Participate and approve market commercial lending plans and budgets

Maintain active involvement with the Credit Union's largest and most critical credit relationships and decisions

Work closely with Senior Retail, Wealth Management and Treasury Management leaders to establish and maintain a cross-functional sales approach

Actively represent LMCU in national and regional industry forums, working groups, and associations (e.g., Mortgage Bankers Association, SBA programs, credit union networks)

Stay ahead of emerging trends, competitive shifts, and regulatory changes impacting lending

Advocate for policies and practices that benefit members, communities, and the credit union movement

Represent Credit Union in community activities, events and organizations

Work with commercial lending leadership to ensure appropriate quality levels are maintained in the various commercial lending portfolios and problem credits are resolved in a timely manner to minimize potential loss

Qualification

Commercial lending experiencePortfolio managementFinancial analysisRelationship managementRegulatory knowledgeCommunication skillsCommunity involvementOrganizational skillsInterpersonal skills

Required

Bachelor's degree in Business, Finance, or related field

15+ years of experience in commercial lending, with proven success in portfolio management and business development

Thorough knowledge of commercial lending policy, depository services, credit union operations, and organizational mission and culture

Expert-level communication and interpersonal skills with proven ability to influence stakeholders, resolve complex issues, and build trust across all organizational levels

Strong financial analysis capabilities with solid understanding of financial statements, accounting principles, and ability to present complex technical concepts clearly

Highly organized and detail-oriented with strong relationship-building skills across business units and leadership teams