Vice President of Lending and Asset Management

Vice President of Lending and Asset Management

The Vice President of Lending and Asset Management oversees the management and performance of the organization's 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.
• Responsibleforthemonthlyportfoliomeeting:schedulingandfacilitatingmeetings, supervising preparation of materials, and reporting on credit quality, asset quality, and trends.
• Ensurethe Community Loan Fund ’slendingpolicyreflectscurrent best practices and programs. Coordinating,alongwiththe EVP of Lending,regularrevisionandapprovalofthe Community Loan Fund’s policies and related procedures.
• In consultation with lending team, manage portfolio delinquencies at an…