VP Business Lending

Description

Job Summary

At Farmers Insurance Federal Credit Union (FIGFCU) we are committed to empowering our business members with innovative financial solutions and exceptional service. We are seeking a dynamic and strategic Vice President of Business Lending to lead both our commercial and non-commercial business lending teams. As a senior leader reporting directly to the Chief Lending Officer, we entrust this role with driving growth, ensuring operational excellence, and championing a member-centric approach across all business lending activities. We are looking for a visionary professional who can foster a collaborative environment, develop talent, and shape the future of our business lending portfolio.

Responsibilities

• Lead, mentor, and develop the commercial and non-commercial business lending teams, fostering a high-performance culture aligned with our credit union's values.

• Oversee the full spectrum of business lending activities, including loan origination, underwriting, portfolio management, and servicing.

• Develop and execute strategic plans to expand the business lending portfolio, ensuring sustainable growth and risk management in alignment with organizational objectives.

• Establish and maintain strong relationships with business members, community partners, and external stakeholders to identify lending opportunities and provide tailored solutions.

• Collaborate with the CLO and executive leadership to set goals, implement lending policies, and monitor key performance indicators.

• Ensure compliance with regulatory requirements, credit union policies, and industry best practices across all business lending operations.

• Drive process improvement initiatives, leveraging technology and data analytics to enhance efficiency and member experience.

• Oversee the development and implementation of new business lending products and services, responding to evolving market needs.

• Provide regular reporting and insights to the CLO, Executive Team, and Board of Directors on business lending performance, portfolio risk, and emerging trends.
• Represent the credit union at industry events, conferences, and community forums, positioning us as a trusted partner for business financial solutions.
  
  
  Qualifications

• Bachelor's degree in Business, Finance, or a related field or equivalent experience

• Minimum of 8-10 years of experience in business lending, with proven success in leadership roles within a financial institution or credit union.

• Deep understanding of commercial and non-commercial business lending practices, including underwriting, risk analysis, and portfolio management.

• Demonstrated ability to lead and motivate diverse teams, driving results in a collaborative and member-focused environment.

• Strong strategic thinking, analytical, and decision-making skills.

• Excellent communication, negotiation, and relationship-building abilities.

• Proficiency in business lending platforms, data analytics, and process improvement tools.

• Comprehensive knowledge of regulatory compliance and risk management related to business lending.

• Commitment to integrity, innovation, and exceptional member service.

Pay Range

$165,000.00 Annually to $220,000.00 Annually