Director of Lending

W3Global; Springfield (IL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

401k Matching

Paid Holidays

Paid Time Off - accrued monthly

Health Insurance

Life Insurance

Disability Insurance

Tuition Reimbursement

Infant-To-Work Program

Community Volunteer Program

Wellness Program

Job summary

W3Global is seeking a Director of Lending to lead the Lending and Collection operations at our Springfield, IL credit union. You will implement department procedures, oversee compliance, and drive growth while maintaining outstanding member service.

Responsibilities include setting goals for loan portfolio management, developing policies, ensuring regulatory compliance, and building industry relationships. Requires 5+ years in lending leadership and an active NMLS designation; a Finance-related

Qualifications

• 5+ years in financial or lending management position.
• Ability to hold NMLS designation.
• Strong knowledge of credit risk management, loan documentation and compliance and collection practices.

Responsibilities

• Lead the Lending team with goal setting and initiatives for loan portfolio management.
• Develop and maintain department procedures and policies to support growth and performance.
• Support strategic goals of the Credit Union with the Operations team to drive sales and member service.
• Ensure regulatory compliance of required loan documentation and internal policies.
• Maintain industry referral sources and participate in training and community events.
• Guide credit practices and risk management of collections with focus on delinquent accounts.
• Support audits and fraud prevention initiatives.
• Perform other duties as assigned.

Skills

Lending management

Leadership

Communication

Education

Bachelor's degree in Finance, Accounting, Operations Management or related field

Associates degree or recognized industry certifications or work experience as equivalent

Job description

Who We Are...

Our members come from all different walks of life and so do we. We hire great people from a variety of backgrounds in experience and education to make our Credit Union strong. We stand strong in our beliefs of making members' money, saving members' money and saving members' time.

Who We Are...

Our members come from all different walks of life and so do we. We hire great people from a variety of backgrounds in experience and education to make our Credit Union strong. We stand strong in our beliefs of making members' money, saving members' money and saving members' time.

The Director of Lending

is responsible for management of the Lending and Collection operations. This role is responsible for implementing department procedures and policies and oversees compliance while maintaining a focus on member service. This position will provide oversight for overall loan management, meet annual strategic growth goals, analyze market trends and recommend product and service improvements. Build and maintain a network of industry contacts, review department policies and procedures to ensure best practices for overall growth and development of the Lending team.

Key Responsibilities

• Lead the Lending team with goal setting and initiatives related to key measurement for loan portfolio management. Prepare and review periodic reporting of the loan portfolio and appropriate ratios to meet established goals including annual budgeting, compliance and risk management. Maintains an understand of products and services along with the industry standard financing to provide sound advice to membership.
• Develop and maintain department procedures and policies to support department growth, productivity and performance goals for the Lending team including mentoring, coaching and developing the team through scheduled performance reviews and development of individual team members.
• Support strategic goals of the Credit Union partnering with the Operations team to support overall sales growth, efficient loan production and continued member-focused services.
• Ensure regulatory compliance of required loan documentation and internal policies with an understanding of underwriting standards.
• Actively work to maintain industry related referral sources to support department growth and achieve established goals. Participate in industry training opportunities, community events and board meetings as requested.
• Guide procedures of credit practices and risk management of collection activities with a focus on effective resolutions of delinquent accounts. Manage vendor relationships with third-party collection assignments and recoveries with outside representatives. Monitor performance and compile periodic reports related to loan portfolio, delinquency trends and key industry metrics.
• Support Audit review requests and support documentation as requested. Maintain compliance with all Federal and State regulations. Support fraud prevention to minimize risk for Credit Union membership.
• Perform other duties as assigned to support the department activities.

Qualifications...

• 5+ years in financial or lending management position, possess interpersonal and communication skills with a mindset for serving and building member relationships.
• Demonstrated ability to lead, coach and develop staff with measurable success in production growth.
• Candidates should possess a strong knowledge of credit risk management, loan documentation and compliance and collection practices.
• Strong communication, collaboration, and relationship building skills with working knowledge industry products and software applications.
• Ability to hold NMLS designation.
• Associates degree or recognized industry certifications or work experience as equivalent.
• Bachelor's degree in Finance, Accounting, Operations Management or related field preferred.

This in an in-office position, available for occasional evening/weekend work and work related travel.

The Benefits

• 401k Retirement/Matching Program with up to 4% matching
• Paid Holidays
• Paid Time Off - accrued monthly
• Health/Dental/Vision Insurance - eligible 1st of month after 60 days
• Life Insurance - eligible 1st of month after 60 days
• Disability Insurance - eligible 1st of month after 60 days
• Tuition Reimbursement on pre-approved work related coursework
• Infant-To-Work Program
• Community Volunteer Program
• Wellness Program

We provide equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity , disability, veteran status, or other categories protected by law.