Chief Lending Officer

OnPath Federal Credit Union
United States, Louisiana, Metairie
3131 N. I-10 Service Rd. E. (Show on map)
Jan 01, 2025
As a dedicated member of the OnPath FCU team, this role performs a variety of tasks that, in partnership with the surrounding departments, provide cost effective financial services for the benefit of our members, who are our primary focus. Our core values are what make us E.P.I.I.C. We are Empathetic to the vast situations and needs of our member's and to each other. We are Passionate about the financial growth and success of our members. We are Innovative in our ideas and goals to remain at the top of our class in financial services. Our Integrity is not an option. We require our employees to be honest and have strong moral principles. We are Committed to our promise to be the best financial advocates for our members and the communities we serve. PRIMARY FUNCTION: Reporting to the CEO, this executive position is responsible for the infrastructure that supports and implements loan policies, products, and strategies. The Chief Lending Officer will propose, initiate, and oversee the accomplishments of all loan programs provided by the organization. Ensures compliance of all organizational policies and regulatory requirements and administers them to minimize risk to the organization. Major Duties and Responsibilities Demonstrates highly honed leadership behaviors that are reflective of the Core values of the Credit Union. Manages direct reports to maximize productivity, efficiency, and the potential of the human assets of the company, including hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, values, policies and work rules. Appraises performance and provide recommendations for staff compensation, promotion, and termination, as appropriate. Makes recommendations for changes or additions to loan programs, processes or services which offer expanded benefits to customers. Implements approved loan products and processes. Has responsibility for administration of Loan Agent programs, negotiations of Loan Agents contracts and obtaining Board approval of such contracts. Directly responsible for achieving the annual loan growth goals assigned by the CEO and Board of Directors for the lending department. Promotes all aspects of any department project and allocates financial and talent resources appropriately. Is responsible for supervision of all lending operations. Directs the development and implementation of an annual budget for the various lending departments of the company assuring that information submitted accurately reflects projected revenue and expenses and is documented in a manner that supports a meaningful monthly variance review and analysis. Contributes to the overall profitability of the credit union; implements costs controls, income generation, and marketing efforts; monitors expenses to ensure compliance with budget. Maintains and reviews monthly statistics on management and reports to evaluate quality of loan applications submitted from various dealers and the quality of loan decisions made by underwriters. Regularly reviews cash flow projections, determining cash needs to meet loan demand, excess cash for investment and borrowing requirements. Negotiates all loan participations and purchase agreements, reviews applicable loan documents, effects settlement and maintains files and servicing for such loans. Negotiates terms on major loan projects and substantial loan requests. Oversees the review of loan documentation to ensure that it accurately reflects the loan products and remains in compliance with lending regulations. Finalizes the loan policy and underwriting guidelines, subject to final approval, and communicates such to all personnel involved in loan origination and persons authorized to approve loans. Ensures updated policy, procedure, and operating manuals as needed. Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Serves as the Bank's CRA Officer and assures compliance with all CRA policies and procedures. Knowledge and Skills EXPERIENCE Five to ten years of similar or related experience, including time spent in preparatory positions. Has experience interpreting lending policies and procedures, including State and Federal lending regulations as well as underwriting guidelines. Is an experience negotiator. Has experience originating loan policies. Advanced experience, knowledge and training in financial statement and tax return analysis, typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas. Mastered knowledge of commercial, construction, real estate and consumer loan processing and loan operations. EDUCATION/CERTIFICATIONS/LICENSES A college degree INTERPERSONAL SKILLS The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position. OTHER SKILLS Has a working knowledge of loan participation, purchase agreements, and secondary market investment programs. Proficiency in the understanding of financial principles and ability to manage budgets, forecasts, and financial performance. Strong networking skills, with the ability to build and maintain professional relationships both internally and externally. Skilled in leading and managing change, including the ability to guide teams through transitions and overcome resistance. High emotional intelligence, including empathy, self-awareness, and interpersonal skills. ADA Requirements PHYSICAL REQUIREMENTS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, use hands to handle or feel, reach with hands and arms, view customer information, and talk or hear. The employee is frequently required to stand and walk. The employee must regularly lift and/or move up to 5 pounds and frequently lift and/or move up to 25 pounds. WORKING CONDITIONS Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise. Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management. The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. MENTAL AND/OR EMOTIONAL REQUIREMENTS Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.