Director of Construction Loan Operations

Vector Talent Resources, Inc
Arlington, VA
Jan 14, 2019
Jan 23, 2019
Executive, Director
Full Time
Overview: Vector Talent is seeking a Director of Lending Operations to strengthen the Loan Servicing, Loan Accounting, Construction and Closing, Fund and Program Operations, and Data Reporting teams. The Director of Lending Operations is directly responsible for the management of the operational risks associated with clients' robust, complex, and growing lending business. The Director will work closely with the Chief Risk Officer (CRO) regarding vision, processes/procedures, enterprise risk management, and information management needs. The Director will collaborate with direct reports and other adjacent teams to ensure consistent and efficient operations that reliably support the lending business, the lending products in use and being developed, and the information transfer and communication within the Operations group. In addition, the Director will ensure active management and oversight of data capture and use and maintain strong cross-group collaboration for loan and borrower management.JOB RESPONSIBILITIES: Loan Servicing: Provide oversight to the Manager of Loan Servicing and ensure that the day-to-day activities of the loan administration function adhere to policies and procedures, guaranteeing that said policies are kept current and reflect the ongoing business requirements of client's lending activities Construction and Closing: Provide oversight to the Manager of Construction Services and the Closing Manager to ensure that critical functions related to construction management, disbursements, document management, and the closing process are efficient, clear, have the proper controls and reviews in place, and are aligned with client's lending products and initiatives Fund and Program Operations: Provide oversight to the Manager of Fund and Program Operations to identify methods for automating work, either with existing systems or in identifying supporting systems. S/He will be responsible for an efficient and documented workflow, clear procedures, effective coordination between the Operation group and the Originations and Legal teams Loan Accounting: Provide oversight to the Senior Manager of Loan Accounting to ensure that activities, reviews, approvals, and controls are sufficient for the balancing of the loan accounting system and the information reported in the general ledger, while also ensuring that the department is working efficiently and accurately Data Reporting: Provide close coordination with the Chief Risk Officer, Director of Portfolio and Asset Management, and the Finance Department to oversee the reporting functions for lending and portfolio management, including routine and special reports related to the portfolio Compliance and Audits: Act as the liaison between the Accounting/Finance and Compliance departments in matters involving compliance related to lending data reporting; loan administration, such as loan payment activity; external audits by financial auditors; external credit audits; and internal control audits JOB REQUIREMENTS: Bachelor's degree in Business, Finance, or Accounting. Advanced degree in either Accounting or Finance preferred 10 or more years of operational experience in the financial services or accounting industry 7 years experience managing a multi-functional group, with the ability to direct and influence others and gain support for ideas and initiatives Knowledge of and experience in operational excellence practices (Lean Six Sigma, etc.) Experience with establishing key metrics for performance indicators Working knowledge of lending operations, technology, and processes; extensive understanding of the lending ecosystem and concepts Knowledge of loan structures and credit documentation Experience with the servicing function and an understanding of general ledger and reconciling functions Demonstrated experience interacting with external auditors and rating agencies Excellent verbal and written communication skills Strategic thinker with strong analytical and problem-solving skills and attention to detail Ability to manage multiple priorities while maintaining performance and professionalism Proficiency with Microsoft Office (particularly Word, Excel, and PowerPoint), Google Suite, McCracken Loan Accounting Servicing, and other related systems Excellent time management skills, self-motivation, creativity, and initiative