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Wings Credit Union
Apple Valley,MN

Description

Job DescriptionResponsible for developing strategic direction and implementation of commercial loan participation purchases and sales, as part of Wings overall Commercial growth strategy. Focus on creation and awareness of commercial loan participation opportunities. Fundamental to the position is the identification, development & maintenance of counterparty relationships with credit unions, banks, and other financial institutions.Essential FunctionsIdentify & develop network of direct relationships with credit unions, banks, & other fixed income investorsBuild out and maintain participation program with staff and system needs to support growth of the portfolio.Source and originate commercial loans that may be sold to other financial institutionsAbility to quickly assess commercial participation purchase opportunities for acceptable credit quality standards; Arrange and conduct site visits; Review and analyze riskDesign and negotiate terms and conditions of loan purchase and sale transactions for the benefit of Wings FinancialPartner with commercial analyst team for credit review presentation preparation.Present credit presentations to obtain Wings Business Loan Review Committee approval of loan requests, modifications and renewalsCollaborate with internal and external legal counsel to negotiate agreements needed to conduct transactions and manage partnershipsIn conjunction with Credit Risk team, clarify and recommend enhancements to policies, standards & procedures to ensure efficient & effective governance & operational controlsDevelop and maintain working relationships with team members in Commercial Lending and operations, as well as throughout Wings.Develop and manage reporting on commercial participation loans, purchased and soldBank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.Minimum Formal QualificationsBachelor's Degree or equivalent work experience as demonstrated by increased levels of accountability, knowledge.5+ years of commercial lending experience, demonstrated experience in originating and/or managing participation lending.Syndication lending experience is preferred to support future department growth.Bondable.Technical or Specialized Knowledge/SkillsProficient in the use of personal computer and software including Microsoft Word, Excel, PowerPoint, Internet Browsers and Outlook.Maintains current knowledge of Federal and State laws and regulations, as well as industry best practices, including BSA, AML, Patriot Act, CIP, and OFAC regulations and guidelines.Working knowledge of Cash Management and Commercial Deposit Account services and products.Desire, ability, and experience in working with people in a professional setting as demonstrated by a positive, enthusiastic attitude, exceptional interpersonal skills, professional business appearance and previous work experience.Communication skills.Strong organizational skills and attention to detail.Excellent oral and written communication skills; comfortable working with people at all organizational levels; able to develop and maintain good working relationships with all levels of organizational staff.Member Focused: Proven ability to build strong customer/member relationships and delivering customer/member-centric solutions.Collaboration: Known for building partnerships and working collaboratively with others to meet shared objectives.Action Oriented: Proven track record of taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.Situational Adaptability: Ability to adapt approach and demeanor in real time to match the shifting demands of different situations.Pay RangePAY RANGE: $135-158k (S18) plus 15% annual target bonus. Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, location and internal pay equity.BenefitsGenerous 401(k) match401k Discretionary Profit SharingHealth InsuranceDental InsuranceVision InsuranceLife InsuranceShort Term and Long Term DisabilityHealth Savings Account with company contributionEmployee Assistance ProgramPaid Vacation, Sick, Floating Holidays and Volunteer Time OffPaid HolidaysTuition ReimbursementPaid Parental LeaveEqual Opportunity Employer/Protected Veterans/Individuals with Disabilities.#J-18808-Ljbffr

Turn Job Alerts On
Wings Credit Union Logo
Wings Credit Union
Apple Valley,MN

Description

Job DescriptionResponsible for developing strategic direction and implementation of commercial loan participation purchases and sales, as part of Wings overall Commercial growth strategy. Focus on creation and awareness of commercial loan participation opportunities. Fundamental to the position is the identification, development & maintenance of counterparty relationships with credit unions, banks, and other financial institutions.Essential FunctionsIdentify & develop network of direct relationships with credit unions, banks, & other fixed income investorsBuild out and maintain participation program with staff and system needs to support growth of the portfolio.Source and originate commercial loans that may be sold to other financial institutionsAbility to quickly assess commercial participation purchase opportunities for acceptable credit quality standards; Arrange and conduct site visits; Review and analyze riskDesign and negotiate terms and conditions of loan purchase and sale transactions for the benefit of Wings FinancialPartner with commercial analyst team for credit review presentation preparation.Present credit presentations to obtain Wings Business Loan Review Committee approval of loan requests, modifications and renewalsCollaborate with internal and external legal counsel to negotiate agreements needed to conduct transactions and manage partnershipsIn conjunction with Credit Risk team, clarify and recommend enhancements to policies, standards & procedures to ensure efficient & effective governance & operational controlsDevelop and maintain working relationships with team members in Commercial Lending and operations, as well as throughout Wings.Develop and manage reporting on commercial participation loans, purchased and soldBank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.Minimum Formal QualificationsBachelor's Degree or equivalent work experience as demonstrated by increased levels of accountability, knowledge.5+ years of commercial lending experience, demonstrated experience in originating and/or managing participation lending.Syndication lending experience is preferred to support future department growth.Bondable.Technical or Specialized Knowledge/SkillsProficient in the use of personal computer and software including Microsoft Word, Excel, PowerPoint, Internet Browsers and Outlook.Maintains current knowledge of Federal and State laws and regulations, as well as industry best practices, including BSA, AML, Patriot Act, CIP, and OFAC regulations and guidelines.Working knowledge of Cash Management and Commercial Deposit Account services and products.Desire, ability, and experience in working with people in a professional setting as demonstrated by a positive, enthusiastic attitude, exceptional interpersonal skills, professional business appearance and previous work experience.Communication skills.Strong organizational skills and attention to detail.Excellent oral and written communication skills; comfortable working with people at all organizational levels; able to develop and maintain good working relationships with all levels of organizational staff.Member Focused: Proven ability to build strong customer/member relationships and delivering customer/member-centric solutions.Collaboration: Known for building partnerships and working collaboratively with others to meet shared objectives.Action Oriented: Proven track record of taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.Situational Adaptability: Ability to adapt approach and demeanor in real time to match the shifting demands of different situations.Pay RangePAY RANGE: $135-158k (S18) plus 15% annual target bonus. Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, location and internal pay equity.BenefitsGenerous 401(k) match401k Discretionary Profit SharingHealth InsuranceDental InsuranceVision InsuranceLife InsuranceShort Term and Long Term DisabilityHealth Savings Account with company contributionEmployee Assistance ProgramPaid Vacation, Sick, Floating Holidays and Volunteer Time OffPaid HolidaysTuition ReimbursementPaid Parental LeaveEqual Opportunity Employer/Protected Veterans/Individuals with Disabilities.#J-18808-Ljbffr


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