Vice President of Commercial Lending

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

 

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2024 award! 

We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success. 

• Do you have extensive experience in commercial loan administration, strong organizational skills, specialized lending, and the ability to handle multiple tasks in a fast-paced environment?

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Vice President of Commercial Lending to join our dynamic team! 

About us:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

About the role:

We are currently seeking a Vice President of Commercial Lending to be responsible for managing the credit union's commercial lending operations, developing strategic initiatives, and driving growth in commercial loan products and services. This role requires a deep understanding of commercial lending practices, credit risk management, and business development. The VP of Commercial Lending will also be responsible for building and maintaining strong relationships with commercial clients and ensuring that the credit union's commercial lending operations comply with all regulatory requirements.

Requirements

 A day in the life of the Vice President of Commercial Lending will include:

• Overseeing the commercial loan portfolio, ensuring the maintenance of a high-quality loan book. Monitor portfolio performance, analyze risks, and recommend actions to mitigate credit risks. Assess, structure, and approve commercial loan applications in accordance with credit union policies and regulatory standards. Ensure all loans are appropriately underwritten and comply with internal and external guidelines.
• Managing, mentoring, and developing the commercial lending team, fostering a high-performance culture focused on achieving goals and delivering excellent customer service.
• Building and nurturing relationships with existing and prospective commercial clients. Act as a trusted advisor, offering financial solutions to meet client needs. Identifying new business opportunities and partnerships within the local and regional markets. Leading efforts to expand the credit union’s presence in the commercial lending sector.
• Developing and implementing the commercial lending strategy to achieve the credit union’s growth goals. Align lending practices with the overall strategic direction of the credit union. Staying abreast of market trends, competitor offerings, and economic developments affecting commercial lending. Providing insights and recommendations to adjust strategies accordingly.
• Providing compliance and regulatory oversight to lending practices and procedures ensuring that all commercial lending activities are conducted in compliance with applicable federal, state, and local regulations. Working closely with risk management personnel to implement any necessary changes to procedures.
• Communicating clearly and effectively with middle and senior level management. Providing insightful updates on overall loan portfolio, risk assessment and strategic initiatives.

Experience/Education