VP Commerical Lending
Company: Houston Federal Credit Union
Location: Sugar Land
Posted on: November 14, 2023
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button labeled "Explore your accessibility options". Originally
chartered as Fluor Mid-Continent Employees Federal Credit Union,
HFCU now has the strength of over $900 million in assets. We're
strong enough to provide the full range of financial products and
services that our members demand and desire, while providing
exceptional service that's second to none. HFCU is a source of
stability and strength because you, and thousands of members like
you, have trusted us with your checking and savings, loans,
investments, and more. - Our Mission The Mission of Houston Federal
Credit Union is to -"Be our members' advocate by helping them
achieve their dreams with personalized financial solutions". Our
Mission Statement was adopted in February 2007. Role:
The VP of Commercial Lending is responsible for the development and
growth of Houston Federal Credit -Union's business and commercial
lending portfolio. The VP of Commercial Lending will work with the
-Commercial Lending team to continue to grow a sales focused,
Federal, State, and Internally compliant program. -The VP manages
and oversees all commercial lending activity for the organization,
including objectives, targets,
and strategies, to achieve established organizational, financial,
growth, and service goals. -This position supports HFCU's focus on
building strong member relationships balanced with a strong risk
-mitigating and compliance-driven culture. The VP of Commercial
Lending will be responsible for defining and -executing strategic
initiatives, working with marketing, consumer, and mortgage
lending, compliance, internal -audit, and branch staff to bring new
business to HFCU. The VP of Commercial Lending is also accountable
for -execution of all applicable risk programs (examples include:
Credit, Market, Financial Crimes, Operational, -Regulatory
Compliance), by effectively following and adhering to applicable
Federal, State, and internal HFCU -policies and procedures,
appropriately fulfilling risk and compliance obligations, and
timely and effective -escalation and remediation of issues.
There is emphasis on proactive monitoring, governance, risk
identification and escalation, as well as making -sound risk
decisions commensurate with the commercial lending department's
risk appetite, and all risk and -compliance program requirements.
-Must possess experience in overseeing the origination,
qualification, and closing of a variety of financing -products,
including SBA, commercial real estate, operating lines, and term
loans. Essential Functions & Responsibilities:
- Responsible for building upon an existing commercial lending
program, including reviewing and updating business practices
policies and guidelines, as well as risk assessment and mitigation
of financial and operational concerns.
- Responsible for establishing and reaching production goals for
loans. Work with the Commercial Lending team to set goals and track
progress against Key Performance Indicators and financial targets
(budgets / projections.) Partner with the Business Financial
Services Committee to ensure measurement, monitoring, and
appropriate management of the underlying financial performance of
the program on a minimum of a monthly basis.
- Manage and oversee the Commercial Lending team. Work with the
Commercial Lending team to set goals and track progress against Key
Performance Indicators and financial targets (budgets
- Responsible for providing compliance and operational risk
expertise to management and initiatives -contributing to the
implementation of appropriate strategies to manage loan risk within
he organization's risk appetite. Keep abreast of regulatory
developments to ensure the credit union operates in accordance with
relevant laws, rules and regulations, industry and internal
standards, relevant to commercial and member business lending.
- Identify opportunities and develop relationships with
investors, real estate business operators, developers,
manufacturers, dealers, vendors. This includes existing contacts as
well as developing new relationships. Responsible for the oversight
activities as well as providing credible challenge to meet
regulatory compliance and operational risk of products as
portfolios grow, as well as, maximizing and ensuring HFCU's
- Oversee preparation of Business Financial Services Committee
packets for loan presentations, as applicable. Manage annual
examination functions for those areas that are performed by 3rd
party auditors and regulatory examiners. Coordinate the findings
follow-up and written communication with CEO, CLO, and Business
Financial Services committee, as needed. Maintain strong
relationships with internal audit, 3rd party auditors, and Federal
- Assist in internal training of HFCU staff as related to
commercial lending products to ensure accurate and seamless product
delivery to membership (new and existing). Responsible for managing
documentation, records retention, commercial/member business loan
(MBL) reporting requirements and complaint oversight programs.
- Manage the identification, establishment of root cause,
clarification and resolution of issues and risks, while escalating
as needed. Provide ad-hoc reporting and data mining to support
management projects. Recommend and implement strategy/process
improvements based on trends.
- Work with IT and accounting teams to develop analytic plans to
perform complex analysis. Responsible for the implementation and
follow up of action plans that includes monthly reviews, quarterly
reviews, ad hoc reviews when needed.
- Manage the administrator for the organization's existing
commercial loan origination system (LOS) platforms; and oversee the
implementation of any replacement LOS, should HFCU decide to adopt
or transition to a new platform in the future. Facilitate the
process for refining and/or developing policies and procedures,
risk limits and approval authorities as changes are needed. The VP
of Commercial Lending will raise any concerns prior to approval of
policies and procedures to the CEO, CLO and/or the Business
Financial Services Committee.
- Work in coordination with the Accounting Department in
providing data for the quarterly NCUA 5300 Call Report; as well as
monthly ALLL reports. Provide independent oversight of the credit
analysis, underwriting, due diligence, documentation preparation
and processing, booking loans to the core operating system, FICS,
and portfolio risk monitoring of all commercial loans originated by
- Perform a comprehensive review of sampled new loans and
modifications to identify credit weaknesses, policy or regulatory
violations, servicing deficiencies or trends. Provide independent
oversight of periodic term loan reviews conducted internally or via
a designated third-party, as well as appraisal and environmental
due diligence administration.
- Perform and present periodic portfolio-level analytics and
stress-testing to inform the Business Financial Services Committee
and Board of Directors of any relevant risk findings within the
loan portfolio, including concentration and interest rate risks.
Assist the CLO on special projects and initiatives as needed.
Knowledge and Skills:
- Five years to eight years of similar or related
- (1) A bachelor's degree, or (2) achievement of formal
certifications recognized in the -industry as equivalent to a
bachelor's degree (e.g., information technology certifications in
-lieu of a degree).
- Interpersonal Skills
- Work frequently involves exercising advanced conflict
resolution, giving material -presentations, and resolving issues
impacting multiple departments or divisions. Role also -requires
the ability to motivate or influence others as a material part of
the role, with a -significant level of diplomacy and trust.
Obtaining cooperation (internally and/or -externally) is an
important part of the role and a high level of interpersonal skills
is critical -to the success of this position.
- Other Skills
- Strong statistical acumen and proven expertise in developing
quantitatively driven rules, -models, and strategies.
- Excellent interpersonal skills, and the ability to work
cross-functionally and collaboratively in a diverse -environment
and maintain effective relationships with members and
- Sal es experience including the ability to negotiate and
influence. Demonstrated ability to build and maintain -long-term
business relationships while meeting assigned sales objectives.
Established understanding of -various governing regulations
regarding commercial lending.
- U nderstanding of risk, fraud, credit union operations,
industry trends, and best practices. Able to interact -with people
and interruptions while staying on task.
- A bility to think and plan at a strategic level to help develop
and drive a commercial lending program for -HFCU.
- G ood judgment and discretion when dealing with sensitive
- Strong computer and technology skills. Must have qualities that
are consistent with our CORE Values: (866) OUR-HFCU (toll-free)
(844) VIP-HFCU (loans toll-free)
(281) 243-0500 (local)
+1 (877) 389-3480 (international)
Keywords: Houston Federal Credit Union, Sugar Land , VP Commerical Lending, Accounting, Auditing , Sugar Land, Texas
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