The role of the Indirect Lending Manager is to successfully develop and maintain the credit union’s indirect lending operations. This includes the management and analysis of the indirect lending portfolio along with management of all applicable software, dealers, relationships, contracts, policies, underwriting guidelines, and employees. The Indirect Lending Manager will work closely with the credit union’s Senior Account Executive and all other lending divisions to deliver a cohesive solution to all members. The ideal candidate is a go-getter who thrives in a fast-paced environment and has a passion for serving others. They have a strong sales background and are comfortable underwriting prime papers, subprime papers, and everything in-between. Our Indirect Lending Manager must embody Pelican’s Core Values and provide excellent service in all that they do.
A DAY IN THE LIFE OF AN INDIRECT LENDING MANAGER INCLUDES:
- Hiring, training, directing, and evaluating employee performance, ensuring motivated staff within the indirect lending department.
- Managing department operations to achieve credit union Net Interest Margin targets, profitability targets, portfolio mix ranges, target delinquency and growth goals.
- Managing risk and driving quality for new and existing members.
- Recommending changes to rates and terms and working with other departments to expand member relationships and generate revenue.
- Driving the overall success of the Indirect Lending Portfolio while ensuring compliance to all applicable laws and regulations.
- Bachelor’s Degree in Business Administration, Finance, Economics, or a related field of study.
- Additional experience may be considered in lieu of meeting education requirements
- 5 years of experience in indirect lending to include loan analyst decisioning, reworking deals, underwriting, and a proven success in sales. 3 years of experience in managing a team with self-directed performance. 3 years of experience in consumer loan decisioning.
- Must have a strong understanding of risk-based underwriting and risk-based practices.
- Must have experience with subprime lending/papers.
- Work Schedule
- Flexible schedule to include evenings, weekends, and holidays to accommodate dealerships with non-standard business hours
- Travel
- Travel is rarely necessary for this position.
- Work Site Location
- Work will be performed at our beautiful Corporate Campus located at 2675 O’Neal Lane in Baton Rouge, LA.
- Some telecommuting may be necessary. Candidate must meet all company-required telecommuting specifications.
Since 1956, Pelican State Credit Union has been providing financial services to individuals and their families throughout the state of Louisiana. We've since grown into the largest state-chartered credit union in Louisiana now serving over 68,000 members nationwide. Because of our continued growth, Pelican State Credit Union is searching for new team members that embrace our Core Values and have a desire to positively contribute to our culture.
Our culture is grounded in faith, and we strive to live the golden rule of ‘love thy neighbor’. We are dedicated to creating, promoting, and nurturing a safe and inclusive work environment, and we expect the same from each of our employees. We value diverse talents and welcome individuals with unique backgrounds, working styles, and skillsets. We believe that our differences make us a better team by allowing us to make better decisions, be more innovative, and better serve our members and communities.
Our full-time employees enjoy amazing benefits including:
- Medical, Dental, and Vision Insurances with generous employer premium contributions
- Health Savings Account with employer contributions for eligible employees
- Employer-Paid Group Life Insurance
- Voluntary Dependent Life Insurance
- Retiree insurance for eligible employees
- Paid Vacation & Sick Leave
- 15 Paid Holidays, including a Cultural Floating Holiday
- 401K Plan with a 5% discretionary profit share contribution, plus a dollar-for-dollar match of up to 5%
- Paid Time Off to volunteer with approved non-profits and charities
- Tuition Reimbursement Program
