Director of Commercial Credit Detail page

Posted about 6 days ago The Director of Commercial Credit is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the credit union’s commercial loan portfolio. This includes reviewing large and complex loans prior to submission to Loan Committee as well as mentoring and coaching commercial underwriting and credit staff. Essential Functions At the direction of the VP Commercial & Mortgage, and in cooperation with Executive Management, responsible for developing and maintaining the overall commercial credit culture of the organization. Knowledgeable of State and Federal commercial lending regulations and guidelines (NCUA Regulation 723 and Iowa Code). Knowledgeable of commercial appraisals, appraisal reviews, and regulations pertaining to property valuations. Maintain strong knowledge of the financial industry, economy, market conditions, rates, vendors, and competition. Direct and oversee all commercial credit underwriting and commercial loan portfolio management activities at the credit union. Oversee all aspects of the loan portfolio, from developing loan policies and procedures to approving complex credit transactions and monitoring portfolio quality. Draft and implement commercial loan and loan review policies to guide lending decisions and ensure consistency across the organization. Develop, maintain, and monitor Veridian's commercial loan risk rating systems and loan concentration levels. Create and implement proper processes and workflows to ensure a consistent and replicable process in place for the commercial lending and underwriting process. Evaluate creditworthiness, analyze financial statements, and assess the ability of borrowers to repay loans. Identify and mitigate credit risks associated with individual loans and the overall portfolio. Review large and complex loans prior to their submission to Loan Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the credit union to undue credit risk. Proactively engages with sales staff on loan structure and preliminary assessment of loan worthiness. Ensure individual loans are risk rated correctly when reviewing loans for loan committee submission. Understand complex borrowing relationships, including Investment Commercial Real Estate, Commercial and Industrial, including Owner-Occupied Real Estate, Accounts Receivable, Equipment, Non-Profit and Healthcare. Prepare and distribute credit information covering loan quality trends, growth trends, loan product concentrations; work closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the credit union’s commercial loan portfolio. Supervise the credit union’s Watchlist loans, work with loan officers and management to cure weak credits and the collection of such credits, or the movement of such undesirable credits; assist in the compilation of loan status reports and implementing respective loan action plans; prepare watchlist report for submittal to the Board of Directors for review. Prepare, review, and modify, when necessary and in collaboration with the VP of Commercial & Mortgage, lending policies and procedures which enable the credit union to perform in a business manner, but not expose it to undue risk. Participate in various committees involved in credit union management such as Loan Committee and Asset and Liability Committee. As directed by the VP of Commercial & Mortgage assume responsibility for special projects; gather data and prepare reports for the Board of Directors and other members of Senior Management, audit and other personnel. Regularly work with and provides training and mentorship to the commercial credit analysts to solve complex credit issues and ensure the final work product meets quality and timing expectations as outlined in the service level standards. In collaboration with Commercial Services Management identify training needs of the team to promote growth and correct deficiencies as needed. Plan and prepare for the future by being open-minded, perceptive, and proactive. Make decisions that support the members, the department, and the organization as a whole both financially and strategically. Create excellent service experiences that promote the Veridian brand. Key Attributes Oral and written communication skills. Member service focus. Attention to detail and accuracy. Positive attitude that supports a team environment. Dependable and punctual; flexible during peak times. High level of confidentiality. Organizational skills. Self-motivated; ability to work without close supervision. Problem solving; analysis. Working Conditions This job operates in a professional office environment and routinely uses standard office equipment. Travel Limited travel expected. Required Education And Experience Bachelor's Degree in Accounting, Finance, or related field. 10+ years of experience in Commercial and Commercial Real Estate analysis. 10+ years of experience with credit analysis. 10+ years of experience with asset/liability management risk assessment. Proficiency in Excel, Access and Crystal. Preferred Education And Experience CPA MBA Other Duties Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, and responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. About Veridian Credit Union Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative dedicated to partnering with members to create successful financial futures. Veridian offers a competitive salary, benefit and incentive package that includes medical, dental and vision insurance; group term life insurance, 401(k) and profit-sharing plans; and a yearly incentive program. Employees enjoy a supportive work environment where diversity is valued. Veridian Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws. "The best thing about working at Veridian Credit Union is definitely the people! Our staff is an exceptional group of individuals who make every person’s experience here top notch!" - Lisa, Credit Consultant II 25+ years with Veridian "The diversity culture we have which allows us to help each of our member in their own language. Also, the involvement we have every year with the community. i.e Jingle in the Junction, Latino Festival, Irish Festival, Kids Festival, and many others." - Josue, Loan Advisor II 9+ years with Veridian #J-18808-Ljbffr Veridian Credit Union