VP, Commercial Credit Administration

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.

Essential Duties

Commercial Lending

     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.

Commercial Special Assets

• 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.

Credit Review

• 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.

Supervisory Functions

• 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.

Work Schedule

• Full-time; typically 40+ hours/week
• Flexible within core business hours, Pacific Time, M-F
• Occasional extended early morning or late evening hours, and weekends, typically with advance notice

 Workplace Essentials                  

• Supports Tech CU’s Mission and Vision and consistently demonstrates Tech CU’s Values (Accelerate, Collaborate, Innovate, & Cultivate).
• Meets with manager on a regular basis to discuss goal alignment, performance metrics, and development plans.
• Complies with Tech CU policies and procedures.
• Upholds employee Code of Conduct and Business Ethics and ensures confidentiality of the workplace.
• Complies with requirements imposed by federal, state and local regulatory agencies.
• Adheres to internal control and security measures designed to ensure regulatory compliance and mitigate losses and errors.

Education: Bachelor’s Degree, preferably in a business-related discipline (or equivalent work experience). An advanced degree in a relevant discipline is preferred.

Experience:       

• 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.
• 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.

Knowledge/Skills/Abilities:

• Demonstrated ability to develop and maintain positive working relationships with clients and across lines of business within a financial services firm. Collaborative approach to problem solving with key counterparts at all levels, as well as with clients.  Must have a relationship mindset and focus is critical to the position.
• 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.

Licensing/Certifications: None required.

Travel: May be required to occasionally attend offsite training, meetings or events, typically with advance notice.  Overnight travel unlikely.

Typical Working Conditions: Office environment with interaction with a variety of internal and external parties. May work remotely as determined by business need and individual performance.

Equipment Used: Routinely uses standard office equipment, including computer, phone, copier and other devices.

Physical Requirements: This position requires:

• Speaking and listening to interact with internal and external parties in person or via phone.
• Reading a computer screen and performing keyboarding tasks for up to 70% of the day.
• Sitting at desk and/or conference table for extended periods of time.
• Mobility to attend meetings within office building and offsite.

EQUAL EMPLOYMENT OPPORTUNITY

Technology Credit Union is an Equal Opportunity Employer. All qualified employees and applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetic information, age, disability, veteran status or any other legally protected basis. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

• Position Grade: 110
• Salary Range: minimum-$177,000, midpoint-$220,000, maximum-$263,000
• Work Location: The salary range listed is based on working in San Jose, CA. If you work remotely, your salary will be adjusted based on your geographic location.
• Typical Starting Pay: Most new hires start between the minimum and midpoint of the range (adjusted for work location if applicable), based on experience and qualifications.
• Bonus Potential: Target 20% of base salary based on company and individual performance

Tech CU is a pay-for-performance organization. We benchmark base pay to the 50th percentile of our market and offer incentive-based compensation tied to individual and company goals.

Tech CU offers a comprehensive benefits package, including:

• 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