Member Business Lending Credit Manager

Company: Local Government Federal Credit Union
Location: Raleigh
Posted on: March 20, 2023

Job Description:

Job Description:

Job Description Description: The Member Business Lending Credit Manager is responsible for the entire credit granting process, including the consistent application of credit policy, and periodic credit reviews of existing members. The person successful in the role must ensure the financial institution's credit granting policies are being closely followed, without showing favoritism or discrimination. Develop credit products, including the assessment of the creditworthiness of potential members, with the goal of optimizing the mix of sales and bad debt losses. The Member Business Lending Credit Manager will promote business for the Credit Union by maintaining good customer and vendor relations and refers potential business to appropriate departments and business units for new services. Normal Day-to-Day Work 1. Plan and direct all aspects of member business credit activities; including the credit writing function (i.e., creating, implementing and managing the underwriting systems necessary to support the credit products and services for member business lending). 2. Create and implement policies, guidelines, and procedures for member business credit portfolio management. 3. Create and implement business construction lending policies, guidelines and procedures, credit processes, identify risks and opportunities based on the organizations business strategy and market conditions, manages credit application procedures, including the development and implementation of processes and standards. As needed, create underwriting process, procedures and policies for different lending scenarios. 4. Maintain credit scoring model, accept or reject credit recommendations, monitor periodic credit reviews, review customer files that require annual term loan financial statement/tax return updates and recommends loan grade change, monitor credit granting and update processing, and monitor deductions being taken by customers. 5. Manage relationships with outside vendors for credit related services, including collections vendors, credit reporting agencies, credit insurance providers, appraisal and environmental providers and sales department vendors. 6. Ensure compliance with all applicable laws and regulations concerning member business lending. Mediate disputes with members, while adhering to process and procedures ensuring regulatory compliance. 7. Approve member business credit applications within approved lending limits and make lending officers approval recommendation to Sr. Management and Board of Directors. Provide financial analysis and underwrite complex credits for various business types. 8. Understand the market of member business products and implement the products that are financially appropriate for our membership. 9. Recommend changes in the credit policy, credit analysis and timeliness of credit decisions to senior management and maintains organizations member business credit policies. Adhere to and interprets financial calculations and ratios as required under each credit policy. 10. Manage and train on interpreting applicant credit report(s), personal financial statements, business and personal tax returns, and other information pertinent to evaluation of loan application including established service level agreements. 11. Manage validation of documentation such as bills of sale/purchase order, ownership and other documents relating to security and credit worthiness of application. Job Qualifications Here are a few skills you MUST have to be considered for this position. 1. Minimum 7-9 years of commercial credit experience. 2. Bachelor's degree in Finance, Accounting, Economics, Business or related field required. 3. Experience with credit procedures, policies, regulations and laws, in addition to knowledge of bankruptcy law applicable to commercial lending and real estate lending relating to owner-occupied commercial property, commercial, construction and office. 4. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc. 5. Ability to lift a minimum of 25 lbs. (file boxes, computer printer). 6. Travel required on occasion. Here are a few qualifications we'd LIKE you to have to make you more suited for this position. 1. Prefer a minimum of 1-3 years of commercial credit experience at a Credit Union. 2. Experience researching developments in loan and credit legislation and implementing new policies. 3. Technical background and on-going maintenance of loan origination systems (LOS). 4. Strong interpersonal skills with an ability to work in a team environment. About the LGFCU Culture If you are working here, or considering working here, you should know a little something about the LGFCU culture. We are a workplace that highly values the contributions of a diverse group of people. We believe if we put our heads and hands together, we can accomplish amazing feats for our members. To this end, we recruit bright, energetic and talented people to be members of our team. In return, we offer a dynamic work place that presents opportunities for advancement and learning new skills. We really believe that when our employees succeed, members win. If you have questions about this position description, please feel welcome to ask. You can reach our HR at: LGFCU Human Resources 3600 Wake Forest Road Raleigh, NC 27609 careers@lgfcu.orgRequirements: PI207811435

Keywords: Local Government Federal Credit Union, Raleigh , Member Business Lending Credit Manager, Executive , Raleigh, North Carolina