VP of Consumer Lending - Costa Mesa, United States - Financial Partners Credit Union

Description

Job Description

Job Description

Are you ready to take the helm of an exciting and dynamic role that drives the future of consumer lending at our credit union? As the Vice President of Consumer Lending, you will be at the forefront of innovation and growth, leading a team that's responsible for shaping the financial dreams of our members. Get ready to be captivated by the pulse of the financial industry as you spearhead our consumer lending initiatives and make a tangible impact on people's lives.

ESSENTIAL RESPONSIBILITIES:

Pioneering Lending Excellence: As the mastermind behind consumer lending, you will oversee the underwriting and portfolio management of all our consumer loan products. From vehicle loans and unsecured loans to credit cards, share secured loans, and HELOCs, your expertise will ensure that we continue to offer top-notch financial solutions to our members.

Innovate for Success: In this role, your creative thinking will be your greatest asset. You will identify, evaluate, recommend, and implement groundbreaking programs, products, systems, or services that will increase business opportunities, streamline operations, and enhance the member experience. Your innovative spirit will be the driving force behind our growth.

Leadership in Action: Leading a team requires a unique blend of skills. You'll be responsible for assigning workloads, monitoring progress, and making judgment calls on exceptional situations. Your keen eye for lending policies will ensure that our assets maintain the highest quality.

Vendor Collaboration: You'll collaborate closely with Vendor Management to perform initial vendor evaluations and annual reviews, ensuring our vendor partnerships are optimized for success.

Strategy Architect: The future of our consumer lending is in your hands. You'll drive our credit union's consumer lending strategy, setting goals, expectations, service level commitments, and managing our annual departmental budget.

Production and Quality Goals: You won't just be setting targets; you'll also be responsible for achieving them. Your role includes ensuring that our production volume goals are met while maintaining high loan quality standards in line with our credit union's philosophy and criteria.

Risk-Based Pricing: Your expertise in risk-based pricing will be pivotal in recommending credit tiers that balance risk and opportunity.

Portfolio Oversight: You will monitor and analyze portfolio performance to identify trends and develop action plans to manage emerging risks. Your analytical prowess will be put to the test to ensure our lending operations remain robust.

Efficiency and Automation: Continuous evaluation of consumer lending processes and workflows will be in your domain. Enhancements through system improvements, automation, and reducing manual processing will be your strategies for success.

Financial Stewardship: In this role, you'll be accountable for setting and monitoring financial targets to maximize revenue and profitability while upholding all risk management standards.

Marketing Mastery: You will manage, coordinate, and monitor loan sales activities and programs to achieve marketing objectives and meet budgeted loan goals across product lines.

Procedural Precision: Your role includes ensuring that consumer lending operations strictly follow established procedures and policy guidelines.

Training and Development: Fostering the growth and professional development of your team will be a key responsibility. You'll ensure that the staff is well-trained in all consumer lending functions and promote cross-training for adequate coverage.

Network Builder: Maintaining a wide network of contacts within and outside the credit union will be crucial for resolving major problems, negotiating significant issues and agreements, and achieving key objectives.

Branch Monitoring: You'll keep a watchful eye on branch lending operations, identifying training needs, performance improvements, accuracy, and member service standards.

Underwriting Authority: You'll evaluate, assign, and document underwriting authority for all consumer lending loan officers.

Data-Driven Reporting: Your role will require preparing monthly and quarterly reports as required by management and the board of directors.

Stay Informed: Keeping up-to-date with a wide variety of consumer lending products is essential to maintain your expertise and drive innovation.

Join us on this exciting journey where you'll shape the future of consumer lending, empower individuals and families to achieve their financial dreams, and make a real difference in the lives of our members and the success of our credit union. If you're ready for this exhilarating challenge, we invite you to apply and embark on this transformative adventure with us

EDUCATION / EXPERIENCE:

Job Qualifications:

• Bachelor's Degree in a related field (e.g. business, finance, accounting, marketing, etc.) is preferred.
• Fifteen (15) or more years' experience in a similar or related field, including a minimum of ten (10) years of consumer lending management experience required for this position.

Skills and Knowledge:

• In-depth knowledge of HELOC and consumer lending, encompassing various vehicle lending types, personal lines of credit, credit cards, direct and indirect lending programs, credit scoring, credit prescreening, DMV processes, collateral protection insurance, risk management, portfolio analysis, and product marketing.
• The ability to monitor and analyze changes in the consumer lending marketplace and develop and implement appropriate short and long-term business solutions.
• Proficiency in credit union operations with the ability to integrate and communicate critical information effectively.
• Strong management, leadership, coaching, and mentoring skills to develop, challenge, and motivate staff.
• Excellent written and verbal communication skills.
• Strong organizational skills, self-driven, innovative, and a team-oriented mindset.
• Proficiency with Microsoft Applications (Word, Excel, Outlook, etc.).
• Experience with Symitar and Lending 360 preferred.

NOTE: The pay range is listed as $137K - $229K, but target base compensation will not exceed $150K not including incentives/bonuses.

Company DescriptionThe pay range for this position is listed above. Our pay ranges are designed to allow for candidates with various levels of experience and skill to be considered, and to allow room for growth to be achieved in a role over time. Generally, new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their individual combination of experience, knowledge, skills, and education as well as internal equity.

Financial Partners Credit Union is an equal opportunity employer and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Company Description

The pay range for this position is listed above. Our pay ranges are designed to allow for candidates with various levels of experience and skill to be considered, and to allow room for growth to be achieved in a role over time. Generally, new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their individual combination of experience, knowledge, skills, and education as well as internal equity.\r
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Financial Partners Credit Union is an equal opportunity employer and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.