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Teachers Federal Credit Union · 18 hours ago

Vice President - Business & Commercial Lending

Hauppauge, NY

Full-time

Onsite

Senior Level, Lead/Staff

$195K/yr - $255K/yr

10+ years exp

Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation for over 70 years. They are seeking a Vice President to lead and manage commercial lending activities, establishing lending objectives and strategies to achieve organizational goals.

BankingFinance

Responsibilities

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

Qualification

Lending principles knowledgeManagement experienceFinancial analysisMicrosoft Excel proficiencyRegulatory compliance knowledgeAnalytical skillsMultitasking skillsDetail orientationOral communicationWritten communicationInterpersonal skillsNegotiating skillsProblem-solving skills

Required

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