VP Commercial Lender

IH Mississippi Valley Credit Union; Coralville (IA); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Quarterly incentive plan

Job summary

IH Mississippi Valley Credit Union is seeking a VP Commercial Lender to lead a market-focused commercial lending program. The role balances remote work with in-person member meetings and travel to headquarters and other markets as needed.

Ideal candidates have 5+ years in commercial lending, the ability to grow $8–$12 million in new loan volume, and experience with CRE loans. A Bachelor's in Business or Finance is preferred.

Qualifications

• Bachelor's Degree in Business or Finance (combination of education and prior experience may be substituted in lieu of degree.)
• Minimum of 5 years' experience in Commercial Lending, with preference for existing experience within service area. Credit Training.
• Ability to generate $8 - $12 million in new loan growth.
• Ability to generate leads and build pipelines.
• Experience with commercial real estate loans

Responsibilities

• Manage and maintain a commercial loan portfolio that adheres to loan policy, maintains a satisfactory risk rating and produces a risk adjusted return for the credit union.
• Service and facilitate business member deposit needs with an awareness of the credit unions liquidity needs.
• Analyzes applicant's financial status, credit, cash flow and collateral to determine feasibility of granting a loan and prepares loan Presentation Summaries in cooperation with the credit department to present to the Executive Loan Committee for approval.
• Complete annual reviews in a timely manner in accordance with the requirements set forth in loan policy, operating procedures and regulations.
• Ensure the loans with covenants or those requiring borrowing bases are in compliance with the loan agreement at all times.
• Ensures loan documents are complete and accurate per the policy and requirements set out in regulation.
• Cross-sells borrowers on the benefits of utilizing other credit union services to deepen overall relationships with business members and their employees.
• Maintain current knowledge of regulatory changes and procedures for business lending and depository accounts.
• Responsible for making sales calls to develop and maintain business relationships to include loans and deposits.

Skills

Commercial lending

Lead generation

Relationship building

Credit training

Education

Bachelor's degree in Business or Finance

Job description

Join Our Team as a VP Commercial Lender at IHMVCU!

At IHMVCU, we're committed to delivering personalized, community-centered financial solutions that help our members achieve their goals. We believe in the power of relationships and the importance of making a meaningful impact in the communities we serve. IHMVCU is excited to announce we will be coming to the Coralville, Iowa area in early 2028! Until the branch opens, this role will balance working remotely from their home and meeting members in the community.

This role will be responsible for building a commercial loan relationship in the market and building pipelines for a commercial loan portfolio. Compensation includes a base salary range of $100,000-$130,000 and a quarterly incentive plan. Regional travel to our headquarters in Moline, IL and other markets such as Des Moines, IA is required periodically.

EXPERIENCE REQUIRED:

• Bachelor's Degree in Business or Finance (combination of education and prior experience may be substituted in lieu of degree.)
• Minimum of 5 years' experience in Commercial Lending, with preference for existing experience within service area. Credit Training.
• Ability to generate $8 - $12 million in new loan growth.
• Ability to generate leads and build pipelines.
• Experience with commercial real estate loans

Main Responsibilities

• Manage and maintain a commercial loan portfolio that adheres to loan policy, maintains a satisfactory risk rating and produces a risk adjusted return for the credit union.
• Service and facilitate business member deposit needs with an awareness of the credit unions liquidity needs.
• Analyzes applicant's financial status, credit, cash flow and collateral to determine feasibility of granting a loan and prepares loan Presentation Summaries in cooperation with the credit department to present to the Executive Loan Committee for approval.
• Complete annual reviews in a timely manner in accordance with the requirements set forth in loan policy, operating procedures and regulations.
• Ensure the loans with covenants or those requiring borrowing bases are in compliance with the loan agreement at all times.
• Ensures loan documents are complete and accurate per the policy and requirements set out in regulation.
• Cross-sells borrowers on the benefits of utilizing other credit union services to deepen overall relationships with business members and their employees.
• Maintain current knowledge of regulatory changes and procedures for business lending and depository accounts.
• Responsible for making sales calls to develop and maintain business relationships to include loans and deposits.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. Check out our careers page for more information including benefits www.ihmvcu.org/careers Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

PHYSICAL REQUIREMENTS:

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Lifting Demands: Up to 10 lbs.
• Visual Demands: Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading. Ability to identify and distinguish colors. The worker is required to have visual acuity to operate motor vehicles.