DIRECTOR- COMMERCIAL LENDING

DIRECTOR- COMMERCIAL LENDING

Regular Full-Time

Senior Management

Madison, WI, US

Requisition ID: 1513

Salary_Range: $128,471.00 To $151,877.00 Annually

Description:
WHY WHEDA?

WHEDA serves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing, small businesses, and agriculture.

WHEDA values Equity, Diversity, and Inclusion as part of our culture.

WHEDA employees participate in the State of Wisconsin benefit package (https://www.wheda.com/about-wheda/careers/benefits). WHEDA offers an excellent benefits package that includes: Medical, Vision, and Dental Insurance, State Retirement plan; 457 Deferred Compensation, Group Term Life Insurance (and optional term life insurance for family members), Disability Insurance, paid sick leave, paid vacation time twenty eight (28) personal holiday hours, Twelve (12) paid legal holidays per year, tuition reimbursement program.

WHEDA is an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply.

WHEDA has a work policy where certain employees may enjoy a hybrid or remote work schedule, based on position and business needs. See more details below related to this specific position.

WHEDA is seeking a Director of Commercial Lending in our Madison facility.

SALARY: Hiring Range for this position is from $128,471 to $151,877 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement, health insurance and deferred compensation programs.

POSITION OVERVIEW:

As a Director for WHEDA's Commercial Lending, this position provides direction and leadership related to commercial lending functions of the Authority and commercial strategy and policy commercial strategy and policy, provides support and management to managers and their teams for underwriting, business development, and quality assurance. As part of the Authority's Senior Leadership team, the Director Commercial Lending participates in cross-functional, organizational and strategic planning activities and decision-making.

ESSENTIAL DUTIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Directs and leads commercial lending professionals responsible for origination processes, including sourcing, underwriting, negotiating and coordinating multifamily and economic development lending. The team is responsible for all commercial real estate lending programs for WHEDA. Monitors lending activities to ensure compliance with applicable laws and regulations, as well as Authority's policies and procedures.Directs and leads professionals responsible for the allocation of state and federal housing tax credits including qualified allocation plan management and administration.Directs and leads commercial lending professionals responsible for managing relationships and developing partnerships with WHEDA stakeholders which includes collaborating with the Community and Economic Development Department to prospect for new business across multiple business lines, monitor markets and recommend product changes as necessary.Performs supervisory duties, including hiring, training, and coaching, performance evaluations, and corrective action. Ensures that employees follow policies and procedures; maintaining a healthy and safe working environmentDevelops and administers department budget; approves expenditures; reviews financial statements; manages financial operations of department.Creates and maintains partnership relations with industry stakeholders to ensure WHEDA is knowledgeable about market conditions and trends. Applies knowledge of market analysis, risk management, and internal quality assurance controls to assess and monitor the commercial lending and housing tax credit allocation business. Responsible for monitoring market conditions within the context of portfolio performance, compliance requirements, and identifying emerging risks.Participates in the overall management of the Authority. Collaborates with cross-functional partners, such as Legal, Finance, Executive Office, Members Loan Committee (MLC), and the Board of Directors. Serves as a strategic partner on the Senior Staff Leadership Team. Assists in achieving long-term Authority profitability and strategic plan. Serves on a variety of internal and external committees, task forces, and other Authority committees.Represents the Authority's senior leadership team in cross-functional committees/meetings as required.Performs or assists with other duties as assigned.
QUALIFICATIONS:
Bachelor's Degree in Business Administration, Finance, Real Estate, Economics, Accounting, or a closely related field; AND 10 years of significant successful experience in a leadership role in the commercial lending or affordable housing industry including 5 years of supervisory experience; OR a combination of education and experience.
KNOWLEDGE AND SKILLS:
Advanced knowledge of multifamily (preferably affordable) and economic development lending, guarantees and housing tax credit principles and practices;Advanced knowledge of underwriting principles, practices and procedures;Managerial and leadership principles, including coaching and mentoring;Negotiation methodsAdvanced knowledge of state and federal affordable housing programs and associated laws, regulations, codes, standards, and compliance requirements;Commercial lending and financing practices;Real estate market analysis and feasibility;Strategic planning, development and implementation of organizational priorities Attention to detail, and the ability to troubleshoot for process improvement;Excellent verbal and written communication skills;Problem solving skills and ability to work under pressure;Successful prioritizing and management of work projects;Maintains confidentiality related to internal/ external customers and any other information obtained in this role
Remote Work Options:

This position is eligible for hybrid work that includes 30% in-office work

APPLICATION DEADLINE: This position will remain posted for _7__ days.
Please note- no exceptions will be made after closing date
Questions may be directed to .

This position is not eligible for a work-related immigration visa sponsorship.

We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders.

An Equal Opportunity Employer Operating Under an Affirmative Action Plan.

To be considered for positions all applications must be complete.

WHY WHEDA?

WHEDA serves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing, small businesses, and agriculture.

WHEDA values Equity, Diversity, and Inclusion as part of our culture.

WHEDA employees participate in the State of Wisconsin benefit package (https://www.wheda.com/about-wheda/careers/benefits). WHEDA offers an excellent benefits package that includes: Medical, Vision, and Dental Insurance, State Retirement plan; 457 Deferred Compensation, Group Term Life Insurance (and optional term life insurance for family members), Disability Insurance, paid sick leave, paid vacation time twenty eight (28) personal holiday hours, Twelve (12) paid legal holidays per year, tuition reimbursement program.

WHEDA is an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply.

WHEDA has a work policy where certain employees may enjoy a hybrid or remote work schedule, based on position and business needs. See more details below related to this specific position.

WHEDA is seeking a Director of Commercial Lending in our Madison facility.

SALARY: Hiring Range for this position is from $128,471 to $151,877 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement, health insurance and deferred compensation programs.

POSITION OVERVIEW:

As a Director for WHEDA's Commercial Lending, this position provides direction and leadership related to commercial lending functions of the Authority and commercial strategy and policy commercial strategy and policy, provides support and management to managers and their teams for underwriting, business development, and quality assurance. As part of the Authority's Senior Leadership team, the Director Commercial Lending participates in cross-functional, organizational and strategic planning activities and decision-making.

ESSENTIAL DUTIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Directs and leads commercial lending professionals responsible for origination processes, including sourcing, underwriting, negotiating and coordinating multifamily and economic development lending. The team is responsible for all commercial real estate lending programs for WHEDA. Monitors lending activities to ensure compliance with applicable laws and regulations, as well as Authority's policies and procedures.Directs and leads professionals responsible for the allocation of state and federal housing tax credits including qualified allocation plan management and administration.Directs and leads commercial lending professionals responsible for managing relationships and developing partnerships with WHEDA stakeholders which includes collaborating with the Community and Economic Development Department to prospect for new business across multiple business lines, monitor markets and recommend product changes as necessary.Performs supervisory duties, including hiring, training, and coaching, performance evaluations, and corrective action. Ensures that employees follow policies and procedures; maintaining a healthy and safe working environmentDevelops and administers department budget; approves expenditures; reviews financial statements; manages financial operations of department.Creates and maintains partnership relations with industry stakeholders to ensure WHEDA is knowledgeable about market conditions and trends. Applies knowledge of market analysis, risk management, and internal quality assurance controls to assess and monitor the commercial lending and housing tax credit allocation business. Responsible for monitoring market conditions within the context of portfolio performance, compliance requirements, and identifying emerging risks.Participates in the overall management of the Authority. Collaborates with cross-functional partners, such as Legal, Finance, Executive Office, Members Loan Committee (MLC), and the Board of Directors. Serves as a strategic partner on the Senior Staff Leadership Team. Assists in achieving long-term Authority profitability and strategic plan. Serves on a variety of internal and external committees, task forces, and other Authority committees.Represents the Authority's senior leadership team in cross-functional committees/meetings as required.Performs or assists with other duties as assigned.
QUALIFICATIONS:
Bachelor's Degree in Business Administration, Finance, Real Estate, Economics, Accounting, or a closely related field; AND 10 years of significant successful experience in a leadership role in the commercial lending or affordable housing industry including 5 years of supervisory experience; OR a combination of education and experience.
KNOWLEDGE AND SKILLS:
Advanced knowledge of multifamily (preferably affordable) and economic development lending, guarantees and housing tax credit principles and practices;Advanced knowledge of underwriting principles, practices and procedures;Managerial and leadership principles, including coaching and mentoring;Negotiation methodsAdvanced knowledge of state and federal affordable housing programs and associated laws, regulations, codes, standards, and compliance requirements;Commercial lending and financing practices;Real estate market analysis and feasibility;Strategic planning, development and implementation of organizational priorities Attention to detail, and the ability to troubleshoot for process improvement;Excellent verbal and written communication skills;Problem solving skills and ability to work under pressure;Successful prioritizing and management of work projects;Maintains confidentiality related to internal/ external customers and any other information obtained in this role
Remote Work Options:

This position is eligible for hybrid work that includes 30% in-office work

APPLICATION DEADLINE: This position will remain posted for _7__ days.
Please note- no exceptions will be made after closing date
Questions may be directed to .

This position is not eligible for a work-related immigration visa sponsorship.

We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders.

An Equal Opportunity Employer Operating Under an Affirmative Action Plan.

To be considered for positions all applications must be complete.

Equal employment opportunity, including veterans and individuals with disabilities.

PI266683240