Senior Vice President Chief Commercial Officer
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Job Location:
Grand Rapids, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Primary Location:5664 Prairie Creek Grand Rapids MI
Employee Status: Full-time
Workplace Type:Fully On-Site
Who we are:
At LMCU youll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
About this position:
The role of the Senior Vice President Chief Commercial Officer has overall responsibility for the Credit Unions commercial lending portfolio inclusive of commercial loans enhanced through the U.S. Small Business Administration. Oversee commercial lending policy procedure and reporting activity in all commercial lending markets. Participates in the development and recommendations of the Credit Unions commercial lending objectives and practices. Is a seated and voting member of all officer loan committees. Continually evaluates loan portfolios and analyzes any developing trends.
Key Responsibilities
Strategic Leadership
Provide leadership and direction to all commercial-related teams and activities.
Develop manage and grow commercial loan portfolios across all markets.
Monitor and communicate regulatory changes market trends and changes in lending policy and strategy.
Business Performance & Growth
Approve larger loan transactions and provide guidance on loan structure and pricing to ensure credit unions quality profit and asset/liability goals are met.
Work with commercial lending market leadership to competitively price loans while helping minimize Credit Unions exposure to interest rate risk.
Participate and approve market commercial lending plans and budgets.
Relationship & Client Management
Maintain active involvement with the Credit Unions largest and most critical credit relationships and decisions.
Work closely with Senior Retail Wealth Management and Treasury Management leaders to establish and maintain a cross-functional sales approach.
Industry Leadership & Advocacy
Actively represent LMCU in national and regional industry forums working groups and associations (e.g. Mortgage Bankers Association SBA programs credit union networks).
Stay ahead of emerging trends competitive shifts and regulatory changes impacting lending.
Advocate for policies and practices that benefit members communities and the credit union movement.
Community Involvement
Represent Credit Union in community activities events and organizations.
Risk & Compliance
Work with commercial lending leadership to ensure appropriate quality levels are maintained in the various commercial lending portfolios and problem credits are resolved in a timely manner to minimize potential loss.
What Youll bring:
Bachelors degree in Business Finance or related field; MBA or advanced degree preferred.
15 years of experience in commercial lending with proven success in portfolio management and business development; prior supervisory experience is preferred.
Thorough knowledge of commercial lending policy depository services credit union operations and organizational mission and culture.
Expert-level communication and interpersonal skills with proven ability to influence stakeholders resolve complex issues and build trust across all organizational levels.
Strong financial analysis capabilities with solid understanding of financial statements accounting principles and ability to present complex technical concepts clearly.
Highly organized and detail-oriented with strong relationship-building skills across business units and leadership teams.
Active involvement in community and industry organizations preferred.
What youll get:
All Employees: weekly pay and retirement savings options.
Full Time Employees: comprehensive health coverage including medical (with prescription) dental vision HSA match paid parental leave and tuition reimbursement.
To see a full list of our benefit offerings check out this helpful guide!
Have additional questions about the role Email the Talent Acquisition Team at: .
If you lack access to the internet or require an accommodation in the application process please send your resume via mail to 12471 W. Linebaugh Ave. Tampa FL 33626.
Required Experience:
Chief
Key Skills
- Business Development
- Risk Management
- Financial Services
- Management Experience
- Profit & Loss
- Banking
- Regulatory Reporting
- Analysis Skills
- Relationship Management
- Financial Analysis
- Leadership Experience
- negotiation
