Commercial Lending Analyst

Reports to : Director, Commercial Lending

Job Type : Regular Full-Time

Job Grade : 6

Are you a community-minded person that’s passionate about investing locally and giving back to your community? Do you like working with other awesome and like-minded people toward a common goal?

Here at Your Neighbourhood Credit Union (YNCU), we are all about putting our money where our mouth is and keeping our dollars local and investing back into our members, staff, and community;

and we are looking for people like you to join our team.

The Role :

The Commercial Lending Analyst is responsible for assessing and underwriting commercial lending transactions. The incumbent will contribute to YNCU’s Commercial Lending profitability and growth by assisting in the ongoing management of a diverse portfolio of mid-market business relationships.

The incumbent will support the Commercial Lending team in analysis, credit application write-up, portfolio management, and business development activities on a day-to-day basis including site visits as required.

Duties and Responsibilities :

• Assist with assessment of financing proposals, due diligence, research and credit applications, and make recommendations that adhere to YNCU’s policies and risk guidelines.
• Coordinate with internal and external partners to facilitate the ongoing management of credit facilities.
• Conduct credit reviews of existing Members and maintain annual reviews / renewals at or below targeted levels.
• Communicate with Commercial Lending clients on a day-to-day basis, responding to questions and inquiries regarding products, services and advice.
• Assist with portfolio management duties and other day-to-day duties.
• Research and analyze market segments. Monitor market conditions and trends to assess risk.
• Collect and compile information and analyze financial statements to assess credit worthiness.
• Provide sound recommendations and justifications for credit proposals in light with detailed financial, business and credit analysis.
• Work closely with the Director, Commercial Lending to generate quality new business and achieve expected revenue and portfolio growth targets.
• Ensure all commercial files are reviewed on a regular schedule and that all required documentation is in order; review loan risk and make short and long-term recommendations on files posing potential risk issues.
• Provide excellent client service to internal and external parties.
• Be aware of enterprise risk management issues as they relate to Lending Services and bring forward strategic and risk issues for discussion, review and solutions to the Director, Commercial Lending.
• Stay current with general economic indicators and industry sector trends.
• Maintain a thorough knowledge of policies and procedures as they pertain to the operations of Lending Services.
• Abide by YNCU policies, procedures, standards, guidelines and practices.
• Other duties as assigned.

What we are looking for :

• 2+ years of previous commercial lending and / or related experience.
• Bachelor’s degree in business / finance / economics or related disciplines.
• Comprehensive understanding of financial statements and analyzing skills.
• Must have a valid Ontario driver's licence and reliable available vehicle.
• Must be bondable.

Why work at YNCU?

YNCU employees get to be a part of the growing credit union movement and help us get the word out on why banking locally is so important.

We’re your friendly, helpful, and financially savvy neighbour who provides tailored financial services to our members, supports small businesses, creates local jobs, and gives back to causes that matter.

Through our Good Neighbours Employee Volunteer Program and Monthly Staff Donation Draws, we even let you choose the causes we donate to and support.

YNCU is recognized for the following :

• Flexible work arrangements once fully oriented
• Competitive Compensation, Incentive Programs and Benefits
• Remote / working from home hybrid option once fully oriented
• 37.5-hour work week
• 7% matching pension
• Benefits are 100% paid for by YNCU
• Employer under The Career Directory (2023) : Canada’s Best Employers for Recent Graduates
• 2023 Canada's Healthy Workplace Month Great Employer Award
• Wellness Initiatives including our Employee and Family Assistance Program, premium membership for Calm, Consult+, and LIFT Virtual Fitness
• Training and Development Opportunities
• Community Sponsored Events Employee and paid Volunteer opportunities
• Opportunities to get involved with fun and meaningful committees
• Free banking account
• Discounted Employee Rates

YNCU strives to be a diverse workplace reflective of the communities that we live in. We are committed to a diverse workforce and invite everyone to apply.

YNCU makes hiring decisions solely on qualifications, merit, and business needs at the time.

YNCU is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, colour, sex, gender, religion, sexual orientation, national origin, disability, pregnancy, or any other protected characteristic as outlined by national, provincial, or municipal laws.

This applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, and training.

YNCU will provide accommodations for persons with disabilities, where needed, to support their participation in our recruitment process.

Please contact Human Resources at [email protected].

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