Director- Commercial Lending
Director- Commercial Lending
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$ 128471 - 151877
1 Vacancy
Job Description
WHY WHEDA
WHEDAserves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing small businesses and agriculture.
WHEDAemployees participate in the State of Wisconsin benefit package( WHEDA offers an excellent benefits package that includes: Medical Vision and Dental Insurance State Retirement plan; 457 Deferred Compensation Group Term Life Insurance (and optional term life insurance for family members) Disability Insurance paid sick leave paid vacation time twenty eight 28 personal holiday hours Twelve 12 paid legal holidays per year tuition reimbursement program.
WHEDAis an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply.
WHEDAhas a work policy where certain employees may enjoy a hybrid or remote work schedule based on position and business more details below related to this specific position.
WHEDA is seeking a Director of Commercial Lending in our Madison facility.
SALARY: Hiring Range for this position is from $128471 to $151877 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement health insurance and deferred compensation programs.
POSITION OVERVIEW:
As a Director for WHEDAs Commercial Lending this position provides direction and leadership related to commercial lending functions of the Authority and commercial strategy and policy commercial strategy and policy provides support and management to managers and their teams for underwriting business development and quality assurance. As part of the Authoritys Senior Leadership team the Director Commercial Lending participates in crossfunctional organizational and strategic planning activities and decisionmaking.
ESSENTIAL DUTIES:
To perform this job successfully an individual must be able to perform each essential duty satisfactorily.
- Directs and leads commercial lending professionals responsible for origination processes including sourcing underwriting negotiating and coordinating multifamily and economic development lending. The team is responsible for all commercial real estate lending programs for WHEDA. Monitors lending activities to ensure compliance with applicable laws and regulations as well as Authoritys policies and procedures.
- Directs and leads professionals responsible for the allocation of state and federal housing tax credits including qualified allocation plan management and administration.
- Directs and leads commercial lending professionals responsible for managing relationships and developing partnerships with WHEDA stakeholders which includes collaborating with the Community and Economic Development Department to prospect for new business across multiple business lines monitor markets and recommend product changes as necessary.
- Performs supervisory duties including hiring training and coaching performance evaluations and corrective action. Ensures that employees follow policies and procedures; maintaining a healthy and safe working environment
- Develops and administers department budget; approves expenditures; reviews financial statements; manages financial operations of department.
- Creates and maintains partnership relations with industry stakeholders to ensure WHEDA is knowledgeable about market conditions and trends. Applies knowledge of market analysis risk management and internal quality assurance controls to assess and monitor the commercial lending and housing tax credit allocation business. Responsible for monitoring market conditions within the context of portfolio performance compliance requirements and identifying emerging risks.
- Participates in the overall management of the Authority. Collaborates with crossfunctional partners such as Legal Finance Executive Office Members Loan Committee (MLC) and the Board of Directors. Serves as a strategic partner on the Senior Staff Leadership Team. Assists in achieving longterm Authority profitability and strategic plan. Serves on a variety of internal and external committees task forces and other Authority committees.
- Represents the Authoritys senior leadership team in crossfunctional committees/meetings as required.
- Performs or assists with other duties as assigned.
QUALIFICATIONS:
- Bachelors Degree in Business Administration Finance Real Estate Economics Accounting or a closely related field; AND 10 years of significant successful experience in a leadership role in the commercial lending or affordable housing industry including 5 years of supervisory experience; OR a combination of education and experience.
KNOWLEDGE AND SKILLS:
- Advanced knowledge of multifamily (preferably affordable) and economic development lending guarantees and housing tax credit principles and practices;
- Advanced knowledge of underwriting principles practices and procedures;
- Managerial and leadership principles including coaching and mentoring;
- Negotiation methods
- Advanced knowledge of state and federal affordable housing programs and associated laws regulations codes standards and compliance requirements;
- Commercial lending and financing practices;
- Real estate market analysis and feasibility;
- Strategic planning development and implementation of organizational priorities
- Attention to detail and the ability to troubleshoot for process improvement;
- Excellent verbal and written communication skills;
- Problem solving skills and ability to work under pressure;
- Successful prioritizing and management of work projects;
- Maintains confidentiality related to internal/ external customers and any other information obtained in this role
Remote Work Options:
This position is eligible for hybrid work that includes 50 inoffice work
APPLICATION DEADLINE: This position will remain posted for 21 days.
- Please note no exceptions will be made after closing date
Questions may be directed to
This position is not eligible for a workrelated immigration visa sponsorship.
We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders.
An Equal Opportunity Employer Operating Under an Affirmative Action Plan.
To be considered for positions all applications must be complete.
Required Experience:
Director
Employment Type
Full-Time
