Opening for the position of VP Credit

Otwarta pozycja na stanowisko Wiceprezesa Zarządu d/s Kredytowych

Reports to:                   President & C.E.O.

Open Date:                  ASAP

Location:                     220 Roncesvalles Avenue, Toronto

Salary:                         Negotiable

Asset Size:                   $324,561,000

Members:                     40,391

MAIN RESPONSIBILITIES

To manage and direct the overall lending and collection functions of the credit union in accordance with the Credit Union’s Act, DICO By-laws and the Credit Union’s By-laws and policies; grants mortgages, personal loans, lines of credit and small – medium size business loans within approved lending limits; monitors all lending activity and regularly reviews the performance of the department;  initiates action to improve the growth and development of the loan portfolio; pursues new commercial and syndicated lending business; department operating budget.

AREAS OF RESPONSIBILITIES

Personnel:

Supervise employee team by:

• Setting annual performance goals for direct reports along with development needs;

• Conducting performance reviews for direct reports ensuring that deficient performance areas have corrective action agreed to;

• Establish organizational growth targets by product, industry mix, revenue for all branches and employee levels;

• Following up on audit findings with the department staff.

Financial Performance of the Credit Union:

1. Serve, guide and offer recommendations as an active participant of the Asset Liability Committee.

2. Participates as a member of the Senior Management Team in the strategic planning process for the credit union.

3. Reviews and approves annual budget submissions and requests of direct and indirect reports.

Lending:

Responsible for the overall lending and collection functions ensuring compliance with all regulations, by-laws, policies and procedures.

• Responsible for developing standards for member service within the department and ensuring these standards are adhered to.

• Oversees the delinquency control systems to ensure quick identification of delinquent accounts and recommends the necessary expense allocation to maintain the loan allowance reserve fund in accordance with DICO By-laws.

• Approves credit within individual limits and credit above individual lending officers’ limits in conjunction with other officers of the credit union according to policy.

• Reviews rejected loan applications to ensure consistent and proper evaluation.

• Develops the small-medium size business and syndication lending portfolios utilizing consulting services as required.

• Reports minimum monthly lending activity to the President & CEO.

• Recommends and assigns lending limits to all credit granting staff.

• Reviews and recommends annual write-offs

• Develops lending sales plans to improve performance, volume efficiency as it related to loan spreads and incremental relationship and revenue opportunities.

Training

• Ensures proper training and development in all lending products and services;

• Annually assists in the development of a personalized training plan for employees as it relates to lending “gaps” and developing areas for growth

Policies and Procedures

• Responsible for the development, review and update of lending policies and procedures.

• Ensures adherence to all operating policies, procedures, collective agreement and certification standards by monitoring and initiating action to rectify problem areas.

Alliances

• Responsible for the development and maintenance of strong relationships with Union Insurance Services (CUIS).

Other

• Attends annual general meeting of the credit union.

• Other duties as assigned by the President and C.E.O.