The Vice President of Lending and Asset Management oversees the management and performance of the organizations loan portfolio, including responsibilities like loan origination, underwriting, monitoring, workout strategies, and reporting, ensuring the portfolio maintains optimal credit quality and financial health while adhering to regulatory compliance; they typically lead a lending team and collaborate with various departments to optimize loan performance and minimize risk across the lending portfolio.
The Vice President of Lending and Asset Management will also be responsible for leading critical aspects of the lending origination cycle, from initial client interactions, reviewing financial data, assessing credit risk, to structuring transactions. In collaboration with the organization’s EVP of Lending and Credit, they will perform financial analysis and provide credit recommendations based on reviewing all underwriting criteria. Attention to detail and ability to research and resolve issues as they arise is critical to the position. As part of a compact lending team, the role’s responsibilities will expand beyond core credit analysis, playing an essential role in business development efforts and clients relationship management. Versatility and flexibility across a broad spectrum of intellectual and business tasks are essential.
Reports To: EVP of Lending and Credit
FLSA Status: Exempt
Major Responsibilities/Accountabilities:
- Portfolio oversight and production: Actively monitor and analyze loan performance metrics, including loan-to-value ratios, debt service coverage ratios, and credit quality, to identify potential risks and opportunities for portfolio optimization. Grow loan portfolios meeting the org-wide goals and initiatives.
- Loan underwriting and origination: Lead the underwriting process for new loans, evaluating creditworthiness and structuring loan terms to align with risk appetite and business objectives.
- Workout management: Develop and execute strategies to manage distressed loans, including negotiating loan modifications, working with borrowers facing financial difficulties, and pursuing foreclosure options when necessary.
- Risk management: Implement and maintain robust risk management practices to mitigate credit risk, including loan-level credit reviews, stress testing, and compliance with regulatory requirements.
- Reporting and analysis: Generate comprehensive reports on portfolio performance, including key metrics, trends, and insights for senior management, audit, and other functions.
- Team leadership: Manage and develop a team of lenders, credit analyst, providing guidance, training, and performance feedback to ensure efficient portfolio management.
- Compliance: Ensure adherence to all relevant lending regulations, guidelines, and internal policies related to loan origination, servicing, and asset management.
Additional Responsibilities and day-to-day functions:
- Extensive experience in commercial lending, including loan origination, underwriting, and portfolio management.
- Credit analysis, financial modeling, and risk assessment methodologies
- Identify potential issues and develop effective solutions
- Communicate and interact with borrowers, internal stakeholders, and external partners
- Manage and motivate a team of lenders.
- Develops new – and expand existing – commercial loan relationships through targeted calling and community relations work.
- Develops and delivers status reports to the EVP of Lending and management staff on a regular basis.
- Provides support to the program lenders on business development activities including participating in client and/or prospect calls.
- Responsible for the monthly portfolio meeting: scheduling and facilitating meetings, supervising preparation of materials, and reporting on credit quality, asset quality, and trends.
- Ensure the Community Loan Fund’s lending policy reflects current best practices and programs. Coordinating, along with the EVP of Lending, regular revision and approval of the Community Loan Fund’s policies and related procedures.
- In consultation with lending team, manage portfolio delinquencies at an acceptable level through early identification of potential problems and assist in forming action plans to ensure long-term portfolio stability of the portfolio, as required for risk.
- Ensure that all lending programs operate consistently and ethically within the Community Loan Fund’s values and mission, as well as in compliance with government regulation, industry standards, and generally accepted accounting principles.
- Implement and lead a continuous quality improvement process for lending programs and services, focusing on systems/process improvement and technology.
- Adhere to policies, procedures, and regulatory guidelines including fair lending and ethical behavior.
- Other duties as assigned.
Education and Experience
- Bachelor’s degree in accounting, business, economics, finance, or equivalent combination of training and experience.
- 5+ years’ experience in commercial lending transactions, conducting business analyses, leading transaction execution, structuring deals and client relationship management.
- 5+ years’ management experience preferably in commercial and/or consumer lending.
- Excellent oral, written and interpersonal communication skills with the ability to carry out instructions, instruct others, interpret documents, understand procedures, write reports and correspondence, and speak clearly to clients, customers, and employees.
- Knowledge of Microsoft Office suite with advanced knowledge of Microsoft Excel.
- Strong ability to manage multiple projects simultaneously.
- Experience in various facets in affordable housing financing and development.
- Experience in construction management/monitoring preferred.
- Able to work with a diverse client base.
- Proven ability to build relationships with potential clients and business partners.
- Ability to deal with complex problems involving multiple facets and variables in no standardized situations.
Qualifications and Characteristics
- Ability to work without supervision while performing duties.
- Excellent organizational and time management skills.
- Familiarity with relevant regulatory compliance requirements.
- Critical and creative thinking.
- Proficiency in financial software and data analysis tools
- Deep understanding of credit analysis, financial modeling, and risk assessment methodologies
- Strong analytical and problem-solving skills to identify potential issues and develop effective solutions
- Comfortable using computer software, and able to learn new technologies.
- Leadership abilities to manage and motivate a team of lenders.
- High level of self-motivation, solid organizational skills, attention to detail, and ability to timely manage multiple priorities and meet deadlines in a fast-paced environment.
- Strong interpersonal and networking skills with an eagerness to learn and grow professionally.
- Self-motivated individual contributor, as well as flexible team player.
- Excellent communication skills, including superb listening skills and ability to work collaboratively with diverse groups and across organizational programs.
- An inherent drive for excellence.
- Commitment to and enthusiasm for the mission.
- Ability to maintain confidentiality.
- Willingness to embrace the organization’s values of living respect, embracing challenges, and advancing equity.
Physical Demands
The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be provided to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is regularly required to sit, talk, and listen. The employee is regularly required to stand, walk, use hand to finger, handle, and reach with hands and arms above shoulder height, stoop, kneel, and crouch. Specific vision abilities required in this job include the ability to adjust focus between near and far.
- Ability to answer telephones and use standard office equipment (copier, fax, etc.).
- Ability to read, write, and understand and speak English clearly.
- Ability to use a computer for Community Loan Fund business.
- Ability to drive for Community Loan Fund business periodically.
- Ability to lift at least five pounds.
Work Environment
The work environmental characteristics described here are representative of those employee encounters while performing the essential functions of this job. Reasonable accommodation may be provided to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee will be in an environment with a noise level that is usually moderate.
About New Hampshire Community Loan Fund
We believe in a Neighbors-Investing-in-Neighbors philosophy. Since 1983, we have provided people and communities with loans, coaching, and guidance that enables them to become economically secure.
From helping people purchase manufactured homes, to strengthening small businesses and nonprofits, and supporting entire towns as they work to secure financing, our services support the security and growth of people and communities. We focus on five areas of community development finance:
- Affordable Homes
- Resident-Owned Communities
- Small Businesses & Nonprofits
- Small Towns & Municipalities
Our neighbors-investing-in-neighbors model is aimed at building stronger, resilient, and more self-reliant communities, improving the lives of people throughout New Hampshire, and serving as a model across the US. We specialize in seven service areas:
- Manufactured-Home Loans
- Manufactured-home Owners: Buy Your Park
- Resident-Owned Community Support
- Small Business and Nonprofit Loans
- Small Town and Municipal Grant Writing
- Affordable Housing Development Loans
- Energy Efficiency Solutions
If the description above is a good fit for your skills, abilities, and interests, we would love to hear from you! Please email us a resume with a cover letter. jobopening@communityloanfund.org