Director of Specialized Lending
Location: Jefferson City MO
Supervise staff and activities associated with indirect/member engagement/student lending. Assists members and staff with consumer lending needs, analyzing loan requests and making credit decisions based on lending policy.
Essential Functions & Responsibilities:
- Supervise Indirect Lending Operations — loan support team and indirect buyers; review loan applications to ensure organizational policies and goals are achieved.
- Supervise Engagement Team; make decisions to approve, disapprove, or forward loan requests to higher levels for decision.
- Provide ongoing training and development of indirect and engagement team staff.
- Establish the terms and conditions of approved loans and review them with the member.
- Stay informed of current trends in consumer credit.
- Monitor current loans to ensure compliance with terms and coordinate with collections.
- Participate in sales development activities.
- Perform other job-related duties as assigned.
Performance Measurements:
- Provide informed, prompt, and accurate service and support to all members and associates by processing, decisioning, and communicating loan decisions effectively.
- Ensure all documentation is completed accurately.
- Meet or exceed assigned loan volume (dollars and/or number of loans).
- Maintain a 60-day delinquency rate at or below 1% of the loan portfolio.
- Maintain a charge-off rate of no more than 0.75% of the loan portfolio.
- Meet engagement growth expectations.
- Meet or exceed the minimum established incentive goal each month.
- Troubleshoot and resolve member and internal inquiries in a timely, friendly, and accurate manner.
- Effectively supervise and coordinate dealer services buying and processing operations.