SPSA - MORTGAGE COMPANY LICENSING MANAGER

Position Overview

Subject to management approval, plans, develops, organizes, controls and manages the operations of the Mortgage Banking Unit in the Residential Finance Section of the Division of Banking.  Directs, coordinates and reviews the activities of support and management personnel.  Serves as full line supervisor.  Serves as a member of the Division of Banking Senior Management Staff.  Meets and confers with officials of the industry regulated to discuss financial, legal and internal management problems.  Reviews specialized examinations or investigations in cases of significant violations of the law or serious operational problems.  

State of Illinois Benefits
•    Health, Life, vision, and dental insurance
•    12 weeks paid maternity/paternity leave
•    Pension Plan – Vesting at 10 years for Tier II
•    Full 20-year retirement awards free health insurance during retirement
•    Deferred compensation and other pre-tax benefits programs
•    Paid state holidays, 12-14 days annually
•    3 paid Personal Business Days annually
•    12 Paid Sick Days annually (Sick days carry over year to year)
•    10-25 Days of Paid Vacation time annually (10 days in year one of employment)
•    Personal, sick, and vacation rates modified for 12 hour work schedules (as applicable) 
•    Employee Assistance Program and/or mental health resources
•    For more information about our benefits please follow this link: https://www2.illinois.gov/cms/benefits/Pages/default.aspx

Essential Functions

• Plans, develops, organizes, formulates, controls, and evaluates policies and procedures for the administration of the Mortgage Banking Unit.  
• Directs, coordinates and reviews the activities of support and management personnel.
• Serves as a member of the Division of Banking Senior Management Staff.
• Meets and confers with officials of the regulated industries to discuss financial, legal and internal management problems.
• Reviews specialized examinations or investigations in cases of significant violations of the law or serious operational problems.  
• Formulates, coordinates and implements budget for the division.  
• Drafts and proposes new statutory language and rules.
• Approves or disapproves requests for extensions of time for filing audit reports, license filing and other statutory required reports.
• Meets and confers with federal and state mortgage banking officials concerning mortgage banking supervision matters.  
• Performs other duties as required or assigned which are reasonably within the scope of the duties and responsibilities enumerated above.

Minimum Qualifications

• Requires knowledge, skill and mental development equivalent to completion of four years of college; with courses in accounting, corporate finance, banking and monetary theory.
• Requires six years of progressively responsible professional experience in accounting, banking or examination work.

Preferred Qualifications

• Prefers at least three years of experience in mortgage banking.
• Prefers at least three years of experience in the professional licensing of business entities or individuals.
• Prefers at least three years of experience in financial regulation.

Conditions of Employment

• Requires completion of a background check and self-disclosure of criminal history.
• Requires the ability to travel in the performance of duties.
• Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during state employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (OEIG) or may be subject to a fine. 
• This position has been found to meet the requirements in section 4A-101 of the Illinois Governmental Ethics Act requiring the occupant/employee to file a Statement of Economic Interest. The Illinois Governmental Ethics Act (5 ILCS 420/4A et seq.) requires certain state officials and employees to file annual Statements of Economic Interest with the Office of the Secretary of State that will be made available for examination and copying by the public. All employees required to file a Statement of Economic Interest are also required to file the Supplemental Statement of Economic Interest with the Executive Ethics Commission. (See Executive Order 15-09) Fines and penalties apply to untimely filings. 
  The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description. 

Agency Statement

IDFPR is a regulatory licensing and enforcement agency that protects the residents of Illinois, ensures the safety and soundness of financial institutions, ensures that competent professionals are licensed to provide services to the public, and enhances commerce in the state for the benefit of all its residents.