Chief Lending Officer-IL

Location

Effingham, IL

Compensation

$120-150k+ Bonus

Company Description

Founded over 135 years ago, my client is a leader as a Community Bank in Illinois. Current Bank asset size is almost $660m and GROWING!

Why You Should be Interested

  • Five branches in Illinois and growing
  • Mutual Savings Bank that is committed to truly serve its communities and significantly give back
  • Well-capitalized Bank with no Regulatory issues
  • Bauer 5* rated Bank for 30 consecutive years!!
  • Opportunity to continue to grow with them and help lead the Bank

Position Summary

Works closely with the President/CEO to carry out the mission of the Bank. Participates in strategic planning and the development of bank policies, procedures, and goals to best serve the bank and its customers. Responsible for establishing and achieving sales goals in the lending area.

Develop and implement consistent lending policies and procedures to ensure consistent, sound growth in compliance with applicable regulations. Directs and monitors all lending operations, including commercial (business) loans, the residential mortgage department, consumer lending and the related risk management.

Approximately 7 direct and 4 indirect reports. Responsible for overall loan portfolio of approximately $325 million including consumer lending, mortgage lending, business banking/commercial lending and collections.

Responsibilities

  • Oversee the lending function of the bank.
  • Participate in the bank’s strategic planning.
  • Serve as a partner to the President/CEO in implementing the bank’s plans.
  • Develop and support the banks’ loan growth strategy.
  • Set the loan department’s strategic plans to align with the bank’s business plan. Establish and ensure the implementation of target goals for each member of the lending department that are consistent with the strategic plan.
  • Communicate effectively with all employees to ensure positive and clear understanding of bank goals and direction to ensure clear understanding of rules, regulations, requirements, and expectations.
  • Creating a positive work environment where employees thrive, and the organization achieves desired results.
  • Monitors adherence to sound credit practices and administration policies and procedures.
  • Implements, directs, and monitors lending policies and procedures in accordance with the bank’s goals and strategies. Works with other departments to maintain consistency in bank policies and procedures, effective workflows, and positive inter-departmental relations.
  • Oversees the development of performance standards and production goals for the staff.
  • Designs the development and training plans for each direct report, to include coaching, motivation, and support; working through departmental leaders and supervisors, ensures the same is created for indirect reports.
  • Resolves customer complaints with the appropriate personnel.
  • Research, evaluate for feasibility and provide recommendations for new lending products. Develop and implement plans for expansion of lending programs. Keep abreast of changes in the industry and changing trends in lending and react to these changes in a way that maintains competitiveness.
  • Reports and coordinates with the President regarding any matters involving the loan portfolio, to include recommendations to the Board of Directors.
  • Serves on Bank and Board Committees as requested.
  • Represents and promotes the bank at external community and industry functions.
  • Maintain a functional knowledge of the Federal laws, including but not limited to US Patriot Act, Office of Foreign Assets and Control, Anti-Money Laundering, Right to Financial Privacy Act, the Bank Bribery Act, Customer Identification Program, Fair Lending, and Credit Card Act.
  • Comply with all Bank policies and procedures to ensure compliance with such regulations.
  • Performs other duties as required.

Qualifications

  • Minimum of ten years or related experience, in a corporate level strategic lending position is required.
  • Bachelor’s Degree in a relevant field is preferred.
  • Minimum of fifteen years lending experience
  • Must have knowledge of mortgage, consumer, and commercial lending practices and procedures.
  • Must have excellent interpersonal, motivational, analytical, and oral and written communication skills.
  • Capable of compiling, analyzing, preparing, and presenting reports with financial/statistical data.
  • Proficient in the use of standard business applications (MS Word, Excel, PowerPoint and Outlook).
  • Thorough knowledge of lending compliance and legal issues.
  • Excellent analytical and organizational skills.
  • Excellent managerial, interpersonal and communication skills.

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