VP, Commercial Credit Administration

Technology Credit Union • San Jose, CA

2d • Hybrid

About The Position

The VP, Commercial Credit Administration is responsible for managing and directing Technology Credit Union’s (Tech CU) Commercial Credit group while operating under the policy and procedures in support of the institution’s requirement for quality and efficient lending products and services. The scope encompasses commercial loan approvals, structuring guidance, underwriting, commercial loan policy, loan review and regulatory interface as well as frequent special projects. The incumbent will serve as a key team member, working across all parts of Tech CU to ensure that commercial credits are properly managed and risks identified and mitigated. The incumbent participates in monthly committee meetings, ensures appropriate loan risk ratings and reserves, maintains compliance with all accounting and loan policies, and works closely with staff to help them achieve the best outcome of commercial credits.

Requirements

• Bachelor’s Degree, preferably in a business-related discipline (or equivalent work experience). An advanced degree in a relevant discipline is preferred.
• 8+ years of commercial/business lending and credit approval experience, initially as an individual contributor and progressing to a leadership role.
• 8+ years managing problem commercial/business loans and related credit processes, including knowledge of financial institution accounting practices pertaining to accrual status, troubled debt restructurings, asset valuations, and allowance for loan losses.
• 8+ years overseeing at least $2-4 billion credit risk portfolio.
• 5+ years successfully driving innovation.
• 5+ years successfully implementing technology.
• 5+ years change management experience.
• Significant credit underwriting and approval expertise in commercial banking, commercial real estate lending and small to middle market business banking is required, preferably with experience in California.
• Excellent oral and written communication skills
• Excellent analytical, mathematical and reasoning skills.
• Strong ability to juggle priorities, multi-task and take ownership of projects
• Proven people management ability.

Nice To Haves

• Previous experience as a commercial relationship manager, loan team manager, and/or leader over credit policy and administration strongly preferred.
• Private Business Banking experience is a plus.
• Experience working with other financial institutions selling/purchasing participation loans is a plus.

Responsibilities

• Approves Commercial Loans within lending authority
• Reviews and approves commercial loans within assigned authority level.
• Refers commercial loans outside of lending authority to the Senior Credit Officer/ Senior Credit Committee (SCO/ SCC).
• Provides guidance to Commercial Banking
• Provides guidance and credit expertise to team members in Commercial Banking and other Tech CU units, which may include evaluation and suitable structuring recommendations for commercial credits.
• Maintains effective collaboration with the Commercial Banking team, senior management, the Note Department, Accounting and Finance, credit union members, and external financial institutions to support credit and lending operations.
• Manages Commercial Loan Participation Function for Tech CU
• Manages the sales function for commercial loan participation sales.
• Ensures the sale of appropriate portions of new/existing loans to meet the institution’s diversification strategy.
• Manages the interface function between Tech CU and outside financial institutions.
• Completes independent underwriting for new commercial loan participation purchases from other credit unions and commercial banks.
• Manages the Commercial Special Assets function in accordance with regulatory requirements and Tech CU’s policies. Closely collaborates with the Consumer Special Assets team ensuring strategic and reporting alignment.
• Develops, coordinates, and administers loss mitigation strategies to minimize credit losses in commercial and business banking loan areas.
• Designs and implements metrics and reports to identify delinquencies and maturing loans that may evolve into greater problems.
• Keeps current with regulatory changes and economic trends related to the industry by a variety of common/acceptable methods. Ensures regulatory compliance with applicable governmental agencies and entities.
• Oversees the performance of effective and timely reviews of commercial credits at Tech CU.
• Monitors adherence to regulatory requirements and Tech CU’s policies and procedures.
• Establishes scope of authority, schedule and responsibility for direct reports.
• Engages with direct reports and peers to align goals with organizational goals and objectives, establish performance metrics, provide feedback and develop talent.
• Manages and monitors budget to maximize operating efficiencies.
• Reviews and responds to issues identified in audit and regulatory reports.
• Supports established policy and procedures, recommending changes as needed.
• Effectively manages a hybrid workforce (onsite and remote) through strong communication, collaboration and engagement practices.

Benefits

• Health Coverage: Medical, dental, and vision plans
• Income Protection: Life and disability insurance
• Retirement: 401(k) plan with company match
• Paid Holidays: 12 days annually
• Paid Time Off (PTO): Accrues at 7.08 hours per bi-weekly paycheck (approximately 23 days per year) Increases with length of service
• Voluntary Time Off (VTO): 8 hours annually for full-time employees to support charitable organizations
• Additional Benefits: Flexible Spending Accounts Employee-paid voluntary benefits Leaves of absence in compliance with state and federal regulations

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 101-250 employees