Business Lending Manager

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: Responsible for the overall production and operation of the Business Lending Department.

Essential Duties/Responsibilities:

• Direct daily business lending operations and work as a producing manager, growing and maintaining a personal commercial loan portfolio.  May delegate portion of responsibilities, when necessary, but may not delegate overall responsibility for results nor any portion of accountability.  Work in conjunction with the Credit Administration Manager to conduct daily operations of the Business Lending Department.  Implement and execute all Vice President Business Lending approved decisions. 
• Responsible for approving, rejecting, and processing business loan applications; verifying applications for completeness; conducting credit investigations; determining value and status of collateral (if any); establishing a signature limit (if applicable); and documenting business loans as per Credit Union policy and procedures.
• Facilitate business lending by seeking potential clients.  Effectively explain Credit Union
• products and services.  Responsible for Business Lending staff cultivating and meeting department goals.  Cross-sell products and services when appropriate.
• Provide input for the development of department budget consistent with the strategic plan and overall budget.  Implement and monitor the budgetary process for the department in conjunction with the Vice President Business Lending.
• Remain current on changes within the legal, regulatory, economic, competitive, and technology environments that may affect the operations function.  Implement operations procedures that are in compliance with applicable federal and state regulations. 
• Assist the Vice President Business Lending with respect to recommendations for hires, terminations, promotions, transfers, performance appraisals, training and development, and interpretation of credit union rules and policies for department personnel.  Conduct all personnel functions in accordance with applicable statutes (e.g., EEO, OSHA, Fair Labor, etc.)
• Conduct financial analysis of services designed to maximize profits and broaden services.  Prepare recommendations for the Vice President Business Lending regarding changes in or adjustments of services for analysis and action.
• Establish, maintain, and monitor policies, procedures and internal controls.  Read, interpret, review, and comply with all federal and state legislation pertaining to the operations of the Business Lending Department.
• Responsible for monitoring the delinquency of commercial/business loans, including the early-stage collection calls.  Assist the Collection Department in review of delinquent accounts, inspections, and review of inventory.

Other Duties/Responsibilities:

• Prepare standardized reports as directed by Management, including, but not limited to, the Quarterly Business Reports and Loan Watch List.