VP Commercial Loans

Published
January 14, 2021
Location
Dublin, CA
Category
Job Type

Description

In this important position, responsibilities will include the day-to-day oversight and administration of Company's commercial and secondary market loan portfolios. This position is also responsible for establishing internal loan controls and written policies and procedures for Committee and Board approval. Finally, this position will act as the communication focal point for both internal and external sources, ensuring that both workflow and pipeline management are effectively and efficiently managed.

Responsibilities

  • Manages the credit unions overall commercial and secondary market credit risk exposure/profile.
  • Develops, reviews, and submits for approval, all polices, plans, and procedures for commercial and secondary market loans and related products.
  • Monitors pipeline workflow and loan officer reviews to ensure prospective loan purchases conform to applicable laws and regulations, as well as credit union policies and procedures.
  • Develops and leads a lending culture that is consistent with credit union’s short-term and long-term strategic initiatives.
  • Develops and implements annual departmental and team member goals to align with budget and operating plan objectives.
  • Manages all new and existing servicer/originator relationships to ensure credit union expectations are consistently projected.
  • Establishes, and consistently updates a formal review schedule for every loan/pool within the portfolio, based on their structure and risk level.
  • Oversees the implementation and management of the Risk Rating Methodology.
  • Conducts secondary reviews of all new and existing credit presentations reports.
  • Ensures all staff members receive training and guidance through an established and ongoing program that supports accurate analyzing and reporting of all assets.
  • Establishes controls and action plans to mitigate any identified risks.
  • Oversees delinquent loans to help ensure they do not become problem or workout loans, and thus pose greater risk to the credit union.
  • Formally presents all final reviews to either the Chief Lending Officer or Commercial Loan Committee for approval.
  • Carries out quantitative and qualitative analyses, including investigating drivers behind any credit quality deterioration, and providing recommendations for improved performance.
  • Manually completes and distributes the Monthly Risk Rating, Past Due, Non-Accrual Tracking, Loan Concentration, TDR/Modification, and other reports essential to a comprehensive analysis of the portfolio.
  • Conducts stress testing on the credit unions commercial real estate portfolio on at least a quarterly basis.
  • Responsible for the formal recommendation of loan grades and administration of the Watch and Classified lists.
  • Responsible for Allowance for Loan and Lease Losses (ALLL) analysis and documentation and making recommendations to the Credit Risk Committee/Accounting or designee for monthly provision allocations.
  • Ensures that FASB ASC 310-10-35-2 (formerly FAS 114) section of the ALLL accurately reflects loan impairments resulting from loan review and subsequent risk rating processes.
  • Provides the Credit Risk Committee/Accounting or designee with documented loss history and qualitative analysis utilized in the consideration of FASB ASC 450-20 (formerly FAS 5) section of the ALLL analysis.
  • Responsible for the collection of workout loans and close supervision for all loans placed on the Watch List.
  • Oversees and manages the other real estate owned (OREO) assets tied to the commercial and secondary market portfolios.
  • Prepares, implements, and adheres to an annual departmental budget.
  • Convenes and chairs the Commercial Loan Committee and maintain and update the Committee’s Charter.
  • Provides monthly updates to the Chief Lending Officer to be included in the Board of Directors packages.
  • Ability to review and evaluate complex loan structures.
  • Comprehensive understanding of accounting-related topics that impact loan portfolios, regulatory requirements, reporting standards and appraisal guidelines.
  • Comprehensive understanding of safe and sound credit underwriting and administration practices and procedures.
  • General understanding of the risks associated with a nationwide commercial lending platform and purchased versus direct origination portfolio.
  • Working knowledge of related financial mathematical concepts such a net present value and discounted future cash flows.

Qualifications

  • 10+ years in lending, loan review, regulatory, and/or audit experience or equivalent education in commercial lending required.
  • Experience in managing and leading a team
  • Demonstrated ability to grow a loan portfolio through acquisition and retention.
  • Ability to review and evaluate complex loan structures.
  • Comprehensive understanding of accounting-related topics that impact loan portfolios, regulatory requirements, reporting standards and appraisal guidelines.
  • Comprehensive understanding of safe and sound credit underwriting and administration practices and procedures.
  • General understanding of the risks associated with a nationwide commercial lending platform and purchased versus direct origination portfolio.
  • Working knowledge of related financial mathematical concepts such a net present value and discounted future cash flows.
  • Bachelor’s degree in Finance, Accounting, Business Administration or related filed required, a Master’s degree or other equivalent degree or certification preferred.
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