DescriptionSummary
Leads and manages commercial lending activity for Teachers.
Qualifications & Education
- Bachelor's degree in a related field required.
- Minimum of ten years of lending experience with at least five years of management experience
- Knowledge of lending principles and practices; Federal and state lending regulations and requirements, Collections practices, policies and procedures, bankruptcy and automated lending systems
- Proficiency in Microsoft Excel and Word required
- Strong oral/written communication, interpersonal, management, negotiating, analytical, problem-solving and multitasking skills, and detail orientation required
Job Duties
- Establishes and manages lending objectives, targets, strategies, and practices to achieve organizational financial, growth, and service goals
- Seeks out new business opportunities and develops strategies to expand existing business
- Manages the maintenance and servicing of existing commercial loan portfolio.
- Conducts thorough financial analysis of prospective borrowers, including reviewing income statements, cash flow projections, and credit reports to determine creditworthiness
- Designs customized loan packages based on client needs, including loan amount, interest rates, repayment terms, and collateral requirements
- Evaluates loan applications, assessing risks, and making informed lending decisions within established credit policies
- Monitors existing loan portfolios, reviewing financial updates from borrowers, and taking proactive measures to manage credit risk
- Maintains ongoing communication with clients, addressing concerns, and providing exceptional customer service
- Prepares loan documentation, coordinating with legal counsel, and ensuring compliance with regulatory requirements during the loan closing process
- Adheres to all regulatory requirements and internal risk and operating policies and procedures
- Builds a high-performance lending team with individual coaching and professional development opportunities
Benefits of Joining the Teachers Team:
We provide a competitive compensation and benefits package that includes, but is not limited to:
- This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives.
- Paid time off for vacation, personal days, and holidays
- 401(k) company contribution
- Teachers pays 100% of Dental & Vision premium
- Tuition reimbursement is offered to full-time employees
- Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
The good faith range for this position is $220K to $270K annually. This range is an estimate based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.
To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers
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