Senior Commercial Analyst

Company Description

Be a part of something different

We may offer the same products and services as a big bank, but we couldn’t be more different. We’re rooted in purpose and we’re on a mission to improve lives and strengthen communities. We support nearly 20,000 members and businesses digitally, over the telephone, and in-person across a network of six branches across Niagara and Haldimand.

At PenFinancial, our people are our greatest asset and our values speak for themselves: accountability, inclusivity, integrity, and respect. More than a poster on the wall, our values guide everything we do. They’re values we live every single day – where everyone has a voice and where we listen. Just ask someone who works here to see what they think, and check out our latest annual report to see what we’ve been up to.

We provide all of our employees with a generous benefits package that includes a Living Wage salary, defined contribution pension plan and performance-based success sharing. Combine that with our commitment to contributing to the wellbeing of our employees through competitive benefits programs, wellness days and allowances for education, and it’s no surprise that our employee engagement scores are consistently so strong.

Our commitment to community

We live our brand from the inside out, and our Truly Local Commitment starts with our employees. We support an inclusive, diverse, and caring internal culture. We encourage our employees to give back to the causes that are meaningful to them and their families by providing opportunities to volunteer and represent our truly local credit union through our Truly Local Ambassador program. And, we also commit to investing a portion of our profits directly back into our local communities.

We are a proud Certified B Corporation committed to doing business for good, and we choose 100% renewable energy with Bullfrog Power to support environmental sustainability.

Job Description

Support all aspects of commercial delivery including credit analysis & underwriting, annual reviews, business membership onboarding & account maintenance, document preparation, deposit initiatives, and our continuous efforts to improve and enhance PenFinancial’s commercial offering. The Senior Commercial Analyst will also be responsible for ownership of a small portfolio of commercial members.

Differentiating Accountabilities:

Credit Underwriting:

• Collect and analyze pertinent information relating to finance requests including but not limited to financial statements, appraisals, contracts, budgets, etc.
• Write simple and increasingly complex commercial credit applications with Account Manager assistance as required while ensuring they conform to PenFinancial’s policies & procedures and that any risks are adequately identified and mitigated.
• Ensure underwriting standards are maintained including detailed and timely financial analysis; review of all security pledged including annual site visits and appraisal critiques; industry analysis; and appropriate assessment of management.

Annual Credit Reviews:

• Manage all aspects of the credit review process, including the collection of annual reporting requirements, completing Annual Review applications and tracking expiries & deficiencies.
• Prepare & send any correspondence as may be required as a result of the annual review process.

Department Operations:

• Preparation of selected reports for management and the Board of Directors
• Tracks and reports several important factors including account expiries, account maturities, insurance policies, irregularities, CEBA loans, etc.
• Perform other assigned responsibilities.

Account Management:

• Responsibility for ownership of a small portfolio of commercial member relationships.
• Responsible for planning, organizing, and controlling the development and maintenance of a profitable, growing commercial loan and deposit portfolio, while minimizing risk.

• Perform other assigned responsibilities.

Qualifications

• University Degree preferably in a business-related program
• Knowledge of financial accounting is required
• Commercial banking experience is an asset
• Displays exceptional interpersonal skills by demonstrating approachability, trustworthiness, flexibility and a strong work and service ethic
• Demonstrates results orientation in both sales and service
• Uses technology to enhance productivity
• Committed to continuous personal improvement and continuous learning

Salary Range: $59,681 - $74,601

Target Salary: $63,411

Salary will be determined based on skills, experience, education and other qualifications relevant to this position

Additional Information

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While we welcome all applications, only those who are selected for an interview will be contacted.

Accessibility accommodations will be made for job candidates upon request.