Location: Los Angeles, CA
Salary: 180000
Description: Our client is currently seeking a Director of Business Loan Operations, and will be fully building out a team of 3-5 people to support the brand new business unit. We’re looking for someone who has the ability to think outside the box, as well as the ability to lead a remote team and check into either an LA/Sacramento-based office 1-2 times per month as needed. The ideal candidate will have a strong commercial background (SBA preferred), along with an underwriting and operational component as well. The team would consist of primarily Loan Analysts and Underwriters, so it’s imperative to have experience leading a team of this nature, as well as fully understanding those roles.
This job will have the following responsibilities:
- Monitor compliance and credit decisions
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Assist with development and execution of tactics supporting strategic priorities and objectives to sustain growth and delivery of business lending products and services to increase interest income, grow deposits, improve retention and reduce risk for the Credit Union
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On an ongoing basis, update your knowledge base to remain current on compliance, operations, policies, guidelines and procedures.
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Assist in the preparation and appropriate presentations at staff meetings on a regularly scheduled basis to communicate updates, policy, guidelines and procedural changes, compliance items, operational items, etc.
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Coordinate with Learning and Development regarding all required training on compliance and operational items or issues on a consistent ongoing basis. In addition, ensure that staff successfully completes in a timely manner all required training.
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Assist the SVP Business Services in the Preparation of month end production reports/updates for Executive Management and applicable Credit Union departments.
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Oversee implementation and communication of business services policies and procedures, assuring compliance with applicable laws and regulations, while mitigating risk and reducing exposure to fraud loss.
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Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
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Define and monitor performance targets and key performance indicators. Review Program reports for accuracy, anomalies, trends, etc. Develop and implement new reports and/or tracking procedures and proactively seek effective means to monitor the Program, enhance staff productivity and staff efficiency.
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Develop and maintain services levels to ensure timely processing of business loans while seeking to maximize efficiency.
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Manage the day-to-day loan origination operations within Business Services, including oversight of loan administration, underwriting, loan documentation, and loan closing.
Qualifications & Requirements:
- Bachelor’s Degree in a business related field
- Immediately relevant experience managing business/commercial lending operations
- 5+ years of management experience
- Proficiency with MS Office and business loan origination systems
- Ability to work independently
Contact: bnewell@judge.com