PrimeWay Federal Credit Union · 13 hours ago
VP- Commercial /Business Lending
Houston, TX
Full-time
Onsite
Mid, Senior Level
5+ years expPrimeWay Federal Credit Union is seeking a Vice President for their Business Lending Department. This role is responsible for managing business loan operations, including origination, underwriting, and portfolio management, while also overseeing business deposit accounts and leading the department's staff.
FinanceFinancial ServicesNon Profit
Responsibilities
Work closely with loan officers to maximize new loan productivity, negotiate loan terms and help create optimal structure for new loans and renewals
Work closely with underwriters to ensure the quantitative and qualitative analysis on Credit Memos is accurate and adequate
Serve as chairperson of the Commercial Loan Committee
Work closely with loan closers to ensure all loans are closed with appropriate documents, signatures, covenants, etc. to protect the credit union
Work closely with loan officers and support staff to ensure that ticklers, covenants and ongoing documents are received in a timely manner and managed appropriately
Monitor performance of the business loan portfolio. Provide guidance to loan officers for early-stage delinquent loan payment collection activities. Develop and monitor exit / upgrade strategies on distressed loans. Coordinate with the Collections Manager and attorney for collection of business loans in default
Work closely with support staff to ensure that reports are prepared accurately and timely
Work closely with the Business Deposit Manager to maximize deposit growth and services
Develop goals for each position in the department. Monitors progress of goals and coaches each position
Monitor all federal and state regulations and recommend changes to policy and procedures
Manage vendor relationships, including contract review and negotiation for new contracts and renewal of existing contracts. Research market for alternative vendors, performs due diligence. Serve as project lead for implementing new services
Manage relationships and due diligence associated with business loan-participations
Lead team by example in demonstrating the Credit Union’s caring values and supporting the Credit Union’s goals, mission and vision
Actively pursue new business opportunities and develop new member relationships
Interview and hire new employees for the department
Perform other duties as assigned
Qualification
Required
Reliable, well-organized and detail-oriented skills
Excellent communication, motivation and leadership skills
Strong business development and problem-solving skills
Strong understanding of business operations
Strong understanding of business loan financial analysis
Strong understanding of accounting concepts, principles and financial reporting
Strong understanding of business loan closing documents and closing process
Knowledge of business deposit accounts and services
Knowledge of laws and regulations governing credit unions
Knowledge of computers and software applications
Minimum of 5 years of business lending related experience
Minimum of 2 years of business lending managerial experience
Bachelor's degree in Business, Finance, Accounting, Management or Economics is required
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 25 lbs
Must be capable of climbing/descending stairs in emergency situation
Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator
Must be able to routinely perform work on computer for an average of 6-8 hours per day
Must be able to work extended hours whenever required or requested by management
Must be capable of regular, reliable and timely attendance
Preferred
Prefer strong business loan underwriting background with significant sales experience in the Houston TX market
Prefer extensive banking and credit union business lending management experience
Prefer Master's degree in Business Administration
Company
PrimeWay Federal Credit Union
You care for the community. We care for you. At PrimeWay Healthcare Community Credit Union, we’re more than a financial institution.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Weatherli Holt
SVP/Chief Financial Officer
Brent L. Vannoy
SVP, Chief Risk & Legal Officer
Recent News
Morningstar.com
2025-06-02
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