Vice President, Commercial Loan Officer

Work Location

This position is eligible for remote work for candidates in Oregon who meet the program requirements, and may be asked to appear onsite or in person as needed.

Compensation

• Base Salary: The full salary range for the Vice President, Commercial Loan Officer position is $10,020 to $14,066 per month, with new hires generally starting between $11,542 to $13,054 per month, based on relevant knowledge, skills, education, and experience. This range will be converted to semi-monthly ranges for exempt employees.
• Incentives: This position is eligible for an annual incentive that is calculated using the team member’s prior year eligible earnings and ranges from 0%-15%.
• Annual Incentive: In addition, all SELCO team members receive an annual incentive based on how well SELCO meets the prior year’s strategic business goals. This incentive is calculated using the team member’s prior year eligible earnings and ranges from 0%-12% (with the average payout over the last five years being 11.07%).

Benefits

Our team’s well-being is a priority, and we’re proud to offer a comprehensive and holistic benefits package for team members and their families.

• Medical, dental, vision, long-term disability, and life insurance
• 401(k) retirement plan (with guaranteed employer contributions)
• Paid time off for personal and volunteer hours, as well as 10 paid holidays per year
• Additional programs and benefits include wellness and educational reimbursements, an employee assistance program, discounted rates on select SELCO services, and more.

Position Overview

Provide quality service to existing members while actively developing new commercial and business banking relationships through business development and community engagement. Grow and maintain SELCO’s commercial loan portfolio, as well as participate in the development and support of other team members.

SELCO Core Essential Functions

• Demonstrate adaptability and leadership skills, and uphold SELCO’s Mission Statement, Corporate Values, Service Promises and Exceptional Customer Service Standards.
• Adhere to federal and state regulations, SELCO policies, confidentiality requirements, and other compliance obligations.
• Interact with internal and external customers in a warm and friendly manner, demonstrate a sincere interest and willingness to help.
• Consistently achieve individual performance goals and contribute to department and organizational objectives.
• Represent SELCO with a high level of integrity and professionalism.
• Adapt to and support change to accomplish SELCO’s goals and objectives.
• Actively participate in and/or lead required meetings and trainings.
• Perform other duties as assigned.

Position-specific Essential Functions

• Develop and maintain commercial and business banking relationships by interviewing members and prospective borrowers requesting commercial and business banking services. Respond promptly to inquiries, address concerns, and ensure a positive lending experience.
• Evaluate and interpret information related to borrowers and prospects, including management and business history, industry risks, environmental considerations, tax returns, and financial statements, in order to assess creditworthiness and structure appropriate lending solutions.
• Decision or propose loan requests within assigned authority and ensure adherence to sound underwriting principles, SELCO Commercial & Business Banking policies and procedures, and applicable regulatory requirements.
• Prepare information for and attend Business Loan Committee meetings and present loan requests or portfolio information as required.
• Coordinate the preparation, documentation, and closing of commercial loan transactions, working closely with internal partners to ensure accurate and timely completion of required loan documents.
• Develop and manage commercial lending relationships, supporting balanced portfolio growth while maintaining awareness of portfolio diversification and concentration limits established by SELCO’s lending policies and risk management guidelines.
• Proactively monitor the performance, trends, and risk factors within the assigned commercial loan portfolio by maintaining regular contact with borrowers and key relationship contacts in order to identify emerging issues early and take appropriate action to mitigate risk.
• Identify and promptly escalate emerging credit concerns, covenant violations, or adverse borrower developments to credit leadership and appropriate internal partners to ensure timely risk assessment and resolution.
• Oversee collection and workout activities related to the assigned loan portfolio, working with internal teams and borrowers to resolve issues and protect the Credit Union’s interests.
• Cross-sell and promote SELCO products and services to members and prospects while serving as a visible representative of the Credit Union in the community through business networking groups, chambers of commerce, industry associations, and community events to identify new relationship opportunities.
• Prepare written and oral reports for SELCO management, the Board, and other internal stakeholders as required.
• Provide guidance, assistance, and training to other Commercial & Business Banking team members as needed and serve as a resource for complex or unusual lending situations.

Skills and Abilities

The position requires:

• Exceptional customer service skills by using the GVAL-HI approach to providing service. Greet people. Value them. Ask how you can help. Listen. Help them. Invite them back.
• Ability to discover member needs to effectively cross-sell SELCO’s products and services.
• Effective communication and active listening skills through all methods of interaction (e.g., in person, via phone, and in writing).
• Effective computer and software skills, including Microsoft Office 365 applications.
• Effective knowledge of computer systems, including knowledge of systems as it applies to department usage.
• Strong interpersonal skills with the ability to work collaboratively with others.
• Excellent time management, prioritization, and organizational skills with a high level of initiative, accountability, and flexibility to adapt to changing business needs and deadlines.
• Strong problem resolution and problem prevention skills.
• Willingness and ability to receive, give, and apply coaching and feedback.
• Ability to work accurately with close attention to detail.
• Strong analytical skills and ability to use experience-related knowledge and good judgment to make sound, logical decisions.
• Ability to maintain confidentiality of sensitive information.
• Work ethic that includes dependability, punctuality, and a professional appearance and demeanor.
• Ability to perform and complete tasks despite background noise and interruptions.

Education and Experience

• High school diploma or equivalent; and
• Bachelor’s degree in Business or related field, or equivalent work experience; and
• At least five (5) years of experience with commercial lending; and
• Must be bondable.

Physical Demands

While performing the job duties, approximately 75% of the time is spent stationery, approximately 5% is spent moving around work areas, and as much as 20% may be spent out of the office meeting with existing or potential members or attending business or civic functions. Frequent communication occurs in person, over the phone, and in writing. This position requires the ability to view a computer screen and interpret printed materials and other documents. This position requires the ability to lift and transport up to 5 pounds, and there is an occasional need to stoop, kneel, or reach to access documents, equipment, and supplies.

Interaction and Work Environment

Reports to: Vice President, Commercial & Business Banking Manager
Work areas are inside a climate-controlled environment with background noise.

Material and Equipment Used

Computer, phone, scanner, copier, web camera, tablet, and general office supplies

Acknowledgement

I have received and reviewed a copy of the Vice President, Commercial Loan Officer job description. I understand that this job description is not a contract of employment and in no way changes the at-will nature of the employment relationship with SELCO Community Credit Union.