VP Commerical Lending

Company: Houston Federal Credit Union
Location: Sugar Land
Posted on: November 14, 2023

Job Description:

This website is AudioEye enabled and is being optimized for accessibility. To open the AudioEye Toolbar, press "shift + =". Some assistive technologies may require the use of a passthrough function before this keystroke. For more information, activate the 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 /projections.)
  • 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 profitability goals.
  • 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 regulators.
  • 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 HFCU.
  • 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:
    • Experience
      • Five years to eight years of similar or related experience.
      • Education
        • (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 partners.
            • 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 topics .
            • 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)
              #J-18808-Ljbffr

Keywords: Houston Federal Credit Union, Sugar Land , VP Commerical Lending, Accounting, Auditing , Sugar Land, Texas