Redwood Credit Union is seeking a Vice President of Financial Assistance & Loan Servicing who will Strategically plan, direct, and monitor all financial assistance and loan servicing activities for Redwood Credit Union (“RCU”). These activities include assisting Members with all post-funding loan activities that enable us to serve, mitigate loss and retain loan portfolios including, but not limited to residential, consumer, commercial and investor loan portfolios, and DMV services. In addition to servicing the portfolio, this role will direct strategy to serve delinquent Members. There must be an emphasis placed on providing excellent Member experiences, while minimizing loan-loss exposure through proper risk-based collection practices. Recruit, hire, develop and retain team members who understand and follow regulation and compliance while serving Members with dignity and empathy. Understand and provide analysis and proactive recommendation for loan portfolios and Members based on data, Member feedback, team member feedback, portfolio performance and outside economic factors.

Key Responsibilities

Executive Leadership

o Review and identify cost-effective utilization of all resources. Build and maintain a high performing team by managing, mentoring, training, and providing support and guidance.

o Serve as a member of the Leadership team, providing leadership and direction for RCU.

o Communicate with senior management regarding all aspects of loan portfolio performance and trends, third-party vendor service levels, retail and business collection operations, recoveries, productivity, service levels, procedures, policies, and strategies.

o Protect RCU’s financial interest through effective loan loss mitigation and delinquency management for all business, consumer, mortgage loans, and negative depository accounts. Ensure proper filing of all UCC, Liens, and DMV title work is done in a timely and accurate manner to ensure RCU’s assets are protected, and excellent service is provided.

o Responsible for the overall strategy and performance of RCU’s debt collection operations including collections, repossession, foreclosures, recovery, and remarketing efforts in accordance with established Credit Union policies and

procedures, legal and NCUA regulatory guidelines while protecting the

Credit Union’s assets, financial interest, and reputation.

o Responsible for the overall strategy and performance of RCU’s loan servicing strategy and operations to include, but not limited to retention, DMV services, management of our mortgage subservicing partner (s), indirect Guaranteed Asset Protection refund process to comply with all regulations related to AB2311, credit reporting and all related disputes.

o Recognize problems, issues, and opportunities; evaluate and consider alternatives; develop, present, and recommend strategic and tactical opportunities; and make appropriate decisions to reduce risk. Attend and actively participate in Leadership Team meetings, All Team meetings, strategic and operational planning sessions, etc.

o Serve on and/or direct a number of committees to strive for consensus in order to ensure effective interface and communication of policies, programs, and goals among lending services, other departments, and branches.

o On behalf of RCU, “own” the relationships with key assigned partners, e.g., third party agencies, such as Temenos and Dovenmuehle. Additionally, provide leadership and participation in industry trade groups, advisory boards, etc.

o Participate in and represent RCU at internal and external events, conferences, and community functions.

Program Management

o Recruit, select, train, motivate, coach, mentor, and evaluate reporting staff.

o Lead and direct RCU’s loan servicing and financial assistance activities and all collection/loss mitigation activities.

o Demonstrate solid knowledge, compliance and administration of federal and state laws associated with loan servicing, collection and bankruptcy codes and regulations.

o Provide exceptional service to all external and internal Members and clients.

Minimum Qualification: Knowledge, Skills and Abilities

Ability to manage and develop multiple diverse operational units with the inherent conflicts from demands and priorities.
Highly proficient in all areas of loan collections, loan servicing and liquidation/work-out.
Thorough knowledge of all aspects of financial institution lending and collection methods, practices, and services.
Thorough knowledge of all aspects of loan servicing for all loan portfolios.
Thorough knowledge of modern management techniques and practices.
Current knowledge of all laws, rules and regulations pertaining to, but not limited to debt collections, bankruptcy, foreclosure, and loan servicing.
Knowledge of asset, liabilities, and credit dynamics in a lending environment.
Strong negotiation, persuasion, and public speaking skills.
Skill in the operation of a personal computer and word processing, spreadsheet and presentation software and Intra/Internet access.
Strong analytical and critical thinking skills.
Ability to use data to analyze problems and opportunities, identify and evaluate alternatives, and develop sound, effective approaches.
Ability to plan, implement, and evaluate the achievement of strategic and business plan goals, objectives, and work plans.
Ability to lead, motivate, and supervise team members.
Ability to communicate effectively, both verbally and in writing.
Ability to establish and maintain effective working relationships with a diverse group of people including Board Members, regulators, team members, attorneys, vendors, partners, and other parties.
Ability to travel 20% of time.

The ideal candidate has a combination of education and experience equivalent to a bachelor's degree in business administration, finance, or closely related field, with a minimum of ten years’ experience in lending operations and collections at a financial institution, and a minimum of three years of progressive leadership experience.

Compensation: Base starting range: $193,318 to $227,444 annually commensurate with experience.

Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.

Redwood Credit Union offers a robust benefits package to our eligible employees including:

Competitive medical, dental, and vision insurance, mental health offerings
Employee performance incentive plan
Salary Advancement– Merit increase based on performance
401(k) program with employer match
Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!

RCU Discounts and Perks

RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
RCU employees are eligible for a 1% discount on all recreational or boat loan products
2% discount off Visas and LOC Loans through RCU
0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.
0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.
0% interest on garment, fitness, or home office equipment loan of up to $500
100% financing for employee purchased homes!

Physical Requirements

Ability to stand, bend, stoop, sit, walk, twist, and turn.
Ability to lift up to 25 pounds.
Ability to use a computer keyboard and calculator.
Work environment is indoors; majority of the time is spent sitting at a desk.

*Redwood Credit Union is not offering Visa transfers and/or sponsorships for this position.

Internal Team Members: If you are a current Team Member, please apply through the internal careers page located in RCUNET.

We are an Equal Opportunity Employer