Commercial Lender

Location
Herndon, VA
Posted
Jul 30, 2021
Closes
Aug 13, 2021
Ref
2021-1757
Function
Finance
Hours
Full Time
Overview

For more than 70 years, Northwest Federal Credit Union has provided valuable financial products and services for our members. Northwest offers employees a comprehensive benefits program including: medical and dental plans, paid time off, a generous 401k match, student loan assistance, parental leave, and the opportunity to grow professionally through a wide range of job-based, classroom and online training resources. Northwest Federal Credit Union has been recognized, for the second consecutive year, as a 2021 Top Workplace by The Washington Post and we believe that our success is built upon the excellence and achievement of our employees. Together, we serve and inspire to transform lives.

The Commercial Lender will work closely with Business Banking team and the various retail channels to drive production. The focus will be originating new loans in the Washington DC Metropolitan area. A book of business is preferred, but not required. The Lender will focus on OOCRE, C&I and SBA Lending. The incumbent will be responsible for the generation, pre-screening and management for new commercial loans. This includes objectives related to loan production, portfolio growth, fee income, profitability, credit quality, loan delinquencies, member service, and personnel development.

Responsibilities

  • Ensure compliance, operational risk controls in accordance with NWFCU and NCUA regulatory standards and policies
  • The ability to comply with all internal organizational policies and procedures
  • Effectively demonstrate the ability to make timely, prudent and in-depth credit evaluations that meet the minimum credit requirements as established in the loan policy manual
  • Oversee all aspects of the credit process; loan origination, pipeline management, prescreening, cash flow and collateral analysis, credit review, due diligence and loan closing
  • Structures, processes and reviews all loan renewals, extensions, risk rating recommendations, modifications and TDR\u2019s
  • Development and implementation of an effective sales calling program targeting industries that fall within the CU risk profile
  • Meet with existing and perspective members to continuously promote the Northwest brand while identifying cross-selling opportunities and potential referrals to other department
  • Target focus for origination is ideally split between OOCRE, C&I Lending and SBA
  • Work with the Commercial Lending Manager and VP of Commercial to discuss pricing recommendations
  • Meet with the loan committee bi-monthly to discuss deals pending approval, modification or annual renewal
  • Review all Credit Memorandum\u2019s to include credit analysis and deal recommendation
  • Performs other related duties as assigned
  • Adhere to Bank Secrecy Act (BSA) regulations and all related Credit Union policies and procedures


Qualifications

  • Bachelor\u2019s Degree
  • Minimum 7 years\u2019 experience in Commercial or Business Banking
  • Formal credit training required, i.e. Omega Certification, RMA or equivalent
  • Ability to maintain effective relationships with internal partners, members, service providers and external Center of Influences (COI\u2019s)
  • Strong understanding of SBA guidelines, policies, procedures and eligibility criteria
  • The ability to generate loans, deposits and fee income with existing and prospective members
  • Knowledge of credit underwriting, cash & accrual accounting procedures, cash flow analytics and loan documentation required
  • Must possess strong conflict resolution skills and the ability to mediate customer service problems, or credit disputes when they arise


EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

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