Vice President Commercial Lending
$174.3k - $278.9k/yr
Expert
Bachelor's, Master's
Valencia, Santa Clarita, CA, USA
Hybrid
Finance & BankingRetail & Commercial Banking
About the job
Requirements
- A bachelor's degree is required; a combination of education and experience will be considered.
- Ten or more years of experience in a financial institution in an officer or executive capacity, overseeing credit and sales and dealing with commercial and SBA loans.
- Strong knowledge of commercial and SBA lending, including regulatory, legal, and credit union compliance requirements.
- Ability to analyze complex tax returns, financial statements, cash flow, and collateral value assessments.
- Deep understanding of loan programs and structures, credit analysis, audits, and default/workout processes and negotiations.
- Proven leadership, supervisory, and training experience.
- Experience managing audits and federal examinations.
- Strong proficiency in Microsoft Office, including Excel, Word, PowerPoint, and Outlook.
Responsibilities
- Manage growth and quality of the Commercial Lending Department and its portfolio; review commercial real estate (CRE), commercial and industrial (C&I), and Small Business Administration (SBA) loans, product guidelines, underwriting policies, and procedures to ensure they meet Logix and regulatory standards.
- Report findings to the Loan Quality Committee, Senior Loan Committee, and Board of Directors; publish loan audit findings and strategic remediation plans; recommend lending policy and guideline changes to the appropriate authority; maintain loan activity reports and records of findings.
- Oversee loan quality, loan production, and the existing portfolio, including workouts, settlements, liquidations, and foreclosures.
- Review and audit selected loans to Logix standards.
- Review and create loan product guidelines and underwriting policies and procedures to Logix and National Credit Union Administration standards.
- Review reports for the Loan Quality Committee and Senior Loan Committee, and review and present policies to the Board of Directors.
- Monitor and manage portfolio performance against approved goals and objectives, Federal regulatory standards, and LFCU policies and procedures; ensure the business unit is compliant.
- Lead long-term and annual business planning, scorecards, and roadmaps for Commercial Lending; evaluate and advise on the impact of long-range planning, new programs and strategies, and regulatory action.
- Drive operational and business efficiencies across Commercial Lending channels, identifying enhancements to improve analysis, efficiency, revenue streams, and profit while supporting team members’ professional and personal growth.
- Recommend and support enhancements to existing products and the introduction of new products and features aligned with product strategy, market share and profitability goals, and member needs.
- Strategically oversee delinquent loans to mitigate problem credits and reduce or eliminate risk of loss.
- Establish and implement plans to achieve short- and long-range goals and objectives, including appropriate policies and operating procedures.
- Review and negotiate participation agreements and other commercial-related contractual agreements.
- Network with industry entities to market loan participations and pool sales and to identify opportunities to purchase participation loans.
- Manage production goals.
- Evaluate and implement software or programs for Commercial Lending to maintain underwriting and portfolio-management efficiency and quality control.
- Publish and report monthly loan errors and audit findings to management, auditors, or examiners, and maintain the findings.
- Review automatic system approvals and processes, and recommend necessary changes.
- Investigate unusual or complex loan problems.
- Recommend changes to the loan quality process based on direction from the Senior Vice President of Commercial Lending and Business Services.
- Assess economic conditions and review and report on trends.
- Review and maintain information for the Loan Quality Committee.
- Create and maintain loan performance reports, including application volume statistics, delinquencies, charge-offs, loan balances, and loan errors.
- Prepare and submit low- and high-level portfolio performance reports for auditing and management.
- Participate in establishing portfolio performance targets.
- Establish and recommend changes to loan audit processes and reports.
- Manage commercial real estate, commercial and industrial, and Small Business Administration portfolios.
- Review and develop lending policies and underwriting criteria to ensure loan quality and avoid unnecessary risks.
- Evaluate, select, and approve vendors, investors, appraisers, title companies, and attorneys to maintain the quality and quantity of member services.
- Attend ALCO and loan committee meetings to report on areas of responsibility as directed by the Senior Vice President of Commercial Lending and Business Services.
- Control operating expenses within the department’s budget.
- Prepare, balance, and send the monthly SBA 1502 report and lender remittance by wire or certified check to Colson Services by the due date.
- Ensure proper loan disbursements or advances and complete the 1050 Form (Settlement Sheet).
- As permitted by the SBA, review whether the guaranteed loan portion has been sold and confirm timely payments are completed.
- Prepare collateral actions, including subordinations, partial releases, and substitutions.
- Independently analyze and recommend loan servicing requests within Logix and SBA guidelines, including loan assumptions.
- Prepare and submit 327 servicing actions, including reallocation of proceeds, extension of disbursement periods, and loan reduction or cancellation, to the SBA District Office or Loan Servicing Center.
- Ensure annual correspondence requesting borrowers’ financial statements and tax returns is conducted on time.
- Maintain copies of current personal property and hazard insurance policies and property tax records in borrower files.
- Negotiate workouts on problem loans, including approval and documentation of workout plans.
- Perform annual business site visits to borrowers as needed and case-by-case site visits for new loan opportunities.
- Perform full and ongoing financial analysis of existing relationships.
- Ensure proper loan grades to Logix standards.
- Secure borrower collateral, equity, or assets to preserve loan principal, gather interest, and prevent or limit losses.
- Mail default letters, conduct site inspections and interviews, and coordinate with legal counsel or outside collection agencies.
- Conduct moderate to heavy borrower interaction, including periodic calls to collect information and monitor borrowers’ ability to repay loans as structured.
- Work out adversely graded loans through debt restructuring, settlement negotiations, appropriate legal action, and/or collateral liquidation.
- Liquidate real estate or other assets as necessary and/or manage properties or other assets owned by Logix.
- Lead, mentor, and develop a high-performing team of commercial lenders, credit analysts, and portfolio managers.
- Build and maintain relationships with members, businesses, community partners, and industry professionals.
- Foster a member-focused, service-oriented culture consistent with the credit union’s values.
Desired Qualifications
- A graduate degree, preferably a master’s degree in a related discipline.
About the company
Logix is a member-owned bank where customers become part-owners when they open an account. 100% of profits are returned to members as lower fees, better rates, improved services, and higher reserves to maintain financial strength. This ownership model aims to align the bank’s success with its customers, making Logix feel like a community-owned financial institution. The company distinguishes itself with a high level of personalized service (80% of calls answered by a live agent, concierge desks in branches, and free gourmet coffee), a long track record of stability (no bailout funds and no losses in 80 years), and strong member advocacy (over 96% would recommend Logix). Its goal is to offer smarter banking through ownership-based benefits, reliable service, and financial resilience that benefits its members directly.
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Burbank, California
Founded
1937
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Simplify's Take
What believers are saying
- June 2026 Forbes recognition strengthens trust with Southern California members.
- Quinte CaseHUB should reduce fraud losses and speed investigations in 2026.
- Chris Mackintosh's COO leadership supports tighter operations and service execution.
What critics are saying
- Logix sued Osaic and ex-advisors in August 2025 over client theft allegations.
- That lawsuit ties sales staff retention to confidential-data controls through 2026.
- A consumer dispute and public litigation increase reputational risk during member acquisition.
What makes Logix unique
- Logix won Forbes Best-In-State Credit Union 2026, its sixth recognition.
- Logix built fraud visibility with Quinte CaseHUB in June 2026.
- Logix markets member-facing programs like Smarter Banking at Work and Home Rewards.
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Benefits
- Flexible Work Hours
- Hybrid Work Options