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Latino Community Credit Union · 2 weeks ago

Small Business Lending Manager

Durham,NC,US

Full-time

Onsite

Senior Level

5+ years exp

Latino Community Credit Union is hiring for a Small Business Lending Manager to ensure member loan policies and procedures best serve the credit union and its members. The role involves overseeing business lending staff, managing a portfolio of small business loans, and ensuring compliance with lending laws and internal policies.

CreditFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Develop business loan products, implement and update systems (Loan origination, Servicing) and services that best serve the credit union and its members

Formulate and maintain a loan procedures manual for business loan department that is up-to date with all regulations and requirements. Ensure staff training and compliance

Establish budgets that support the credit union’s strategic plan for the business loan department. Monitor progress on a regular basis

Develop and assess monthly loan reports. Develop procedures and reporting tools for effective information to flow through the department

Analyze financial statements, tax returns, and cash flow projections to assess repayment capacity

Maintain up-to-date knowledge of general economic conditions or changing trends that may affect the credit union’s business loan department. Provide timely feedback that allows the credit union to react competitively

Conduct comprehensive credit and risk analyses for small business applicants and guarantors

Prepare detailed and persuasive credit narratives with clear recommendations

Underwrite new, renewal, and modification requests within assigned authority levels

Review and verify supporting documentation, ensuring accuracy and compliance

Evaluate collateral adequacy, lien positions, and Uniform Commercial Code filings

Identify potential credit weaknesses and recommend risk mitigation strategies

Perform audit of business loan files to ensure quality of work and quality of documentation

Detect and prevent fraudulent applications through due diligence and verification

Collaborate with branches and regional staff to structure sound credit solutions

Monitor portfolio performance for covenant compliance and early warning signs

Ensure underwriting complies with policies, procedures, and regulatory requirements (e.g., ECOA, UDAAP, FCRA)

Evaluate the job performance of subordinates to ensure quality work and service to members. Recommend salary changes

Define appropriate limits of authority for business service loan personnel

Stay informed about market conditions and small business lending trends

Support internal audits, loan reviews, and risk rating assessments

Recommend process improvements to enhance underwriting quality and efficiency

Uphold high ethical standards and sound judgment in every credit decision

Qualification

Small business lendingUnderwriting principlesFinancial analysisCredit risk evaluationLoan structuresRegulatory complianceAnalytical skillsRelationship managementSpanish proficiencyWritten communicationVerbal communicationOrganizational skillsDecision-making