Credit Union Lending Analyst-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information visit .

What we offer:

• Work-life flexibility

• Hybrid workenvironment

• Variable annual incentive plan

• Generous annual vacation allotment

• Top-notch flexible benefits planincluding family building and gender affirmation

• Retirement Plan matched contributions at 6%

• Access toa learning platform and educational assistancesupport

• Access to a virtual wellness platform

• Career development opportunities

• Wellness Flex Fund to support personal interest and activities

• Day off to volunteer in your community andother paid time off options

• Corporate discounts

*subject to employment agreement

Job Summary:

As a Credit Union Lending Analyst you will play a pivotal role in supporting credit union lending by initiating and preparing credit applications conducting annual credit reviews maintaining risk ratings for credit union counterparties and managing the issuance and administration of letters of credit and guarantees. You will analyze financial statements business plans and operating environments to assess creditworthiness while monitoring a portfolio of loans current account activity and related securities to ensure accurate reporting and risk addition to your core responsibilities you will provide backup support enhance departmental efficiency and contribute to delivering exceptional service to our credit union members ensuring a seamless and high-quality lending experience.

Whatyoull be doing:

Responsible for the issuance and administration of letters of credit guarantees. Manage renewals and fees. This includes working with relationship managers credit union clients beneficiaries and when required externalstakeholders
Assist with the preparation of quantitative and qualitative credit reviews and facility applications and renewals consistent with Central 1s underwriting standards and regulatory requirements
Support includes obtaining financial statements and all relevant data from the borrowers analysis and summation of all documentation and data required to complete a new or renewal credit application. Output will be written memoranda and loan facility transactions
Maintaining and enhancing a risk rating framework for credit union counterparties updating and improving the risk rating model
System management: update and maintain tracking and reporting of activity within credit union members credit facilities
Monitor daily unauthorized overdrafts and works with borrowers to ensure that all overdrafts have been cleared
Monitor performance of accounts to ensure adherence to conditions and covenants taking appropriate action to bring accounts into compliance where required
Prepare risk and position reporting to senior management
Provide input as required into the maintenance and revision of Central 1s policies and procedures
Work with the Manager Credit Union Lending to improve department efficiency

What youll have:

Undergraduate degree in commerce business studies economics finance mathematics or another quantitative subject
3-5 years of experience in commercial underwriting as you will be assessing credit risk structuring complex loan agreements and evaluating financial health
Proficiency in MS Office
Proficiency in Excel and writing macros
Computer modelling skills with the ability to build financial models using spreadsheets and other computer tools
Synthesize and distill information from several written verbal and online sources
Well-developed verbal and written communications skills with an emphasis on report writing clearly and logically
Sensitive to the business needs of Central 1 and be able to cooperate across departments in a professional collegial and respectful manner
Flexibility to responsively meet the business needs of Central 1 and the credit union system to develop along with the evolution of the unit and to cope in a rapidly changing environment
Accuracy is required in all areas of job responsibility including loan analysis the preparation and/or review of credit applications financial documents and other related tasks
Strong interpersonal and relationship building skills that enable successful outcomes when interacting with internal staff credit unions members partners and external parties (lawyers accountants etc.)
Credit Union knowledge is an asset
Ability to maintain confidentiality due to sensitivity of information
CFA designation is considered an asset (along with other professional designations)

Salary range: $62000-$72000

The salary range representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge skills qualifications experience and education/training.

Central 1 does not use Artificial Intelligence (AI) technology to screen assess or select applicants during our recruitment process. This job posting is for an existing specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.