Chief Lending Officer

Sunmark Credit Union

$200K — $230K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business, or related field required; MBA preferred.
  • Minimum 10 years progressive lending experience, including leadership roles in credit unions or financial institutions.
  • Robust expertise in business, mortgage, and consumer lending, covering underwriting and portfolio management.
  • In-depth knowledge of lending regulations, policies, and credit union best practices.
  • Exceptional communication, coaching, decision-making, and problem-solving abilities.

Responsibilities

  • Directs all lending activities, covering consumer, home equity, mortgage, and business loans.
  • Leads and develops staff, ensuring they have necessary training and resources.
  • Manages employee relations aspects like coaching, recruiting, and disciplinary actions.
  • Oversees credit investigations and collections, including bankruptcies and repossessions.
  • Communicates lending strategies effectively to management and operational staff.
  • Prepares and manages budgets for the Lending team in line with credit union strategy.
  • Develops lending products and enhances loan processes to support departmental growth.

Benefits

  • Comprehensive training and development opportunities for staff.
  • Access to exceptional service resources for lending guidance and financial counseling.
  • Participation in strategic planning and decision-making meetings.
  • Opportunities to influence credit union lending policies and products.
Full Job Description
Compensation
Starting pay is $200,000-$230,000 annually, commensurate with experience.

What You'll Do
• Directs all credit union lending activities, including consumer, home equity, mortgage, and business loans; evaluates lending practices and policies.
• Leads, coaches, and develops staff, ensuring employees have the training and resources needed to perform effectively.
• Manages staffing and employee relations, including coaching, corrective action, recruiting, salary reviews, promotions, transfers, and disciplinary decisions.
• Oversees credit investigations, delinquency collections, repossessions, bankruptcy proceedings, and related account reporting.
• Attends regularly scheduled Sunmark Board of Directors meetings.
• Develops lending procedures and internal policies; participates in ALCO, Executive Leadership Team, and Quality Control Committee meetings.
• Communicates lending strategies and procedures to management and operational staff; implements loan services to support credit union objectives.
• Provides lending guidance, financial counseling, and issue resolution to members while delivering exceptional service.
• Reviews approved loans daily to ensure sound lending practices and policy-compliant disbursements.
• Audits approved loans for compliance with Board lending guidelines, documentation standards, and regulatory requirements.
• Oversees month-end, year-end, loan, and collection reporting.
• Participates in short- and long-term strategic planning and communicates supporting strategies to management and staff.
• Prepares, implements, and manages Lending team budgets in alignment with credit union strategy.
• Develops lending products, improves loan processes, and drives departmental profitability and growth.

What We're Looking For
• Bachelor's degree in Finance, Business, or a related field required; MBA preferred.
• Minimum 10 years progressive lending experience, including leadership experience in a credit union or financial institution.
• Strong background in business, mortgage, and/or consumer lending, including underwriting, portfolio management, risk, compliance, and loan operations.
• Solid knowledge of lending regulations, policies, documentation, and credit union best practices.
• Strong communication, coaching, decision-making, and problem-solving skills with a high level of professionalism and confidentiality.

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