Central 1

Credit Union Lending Analyst

Central 1

full-time

Posted on:

Location Type: Hybrid

Location: Toronto • Canada

Visit company website

Explore more

✨ AI Apply
Apply

Salary

💰 CA$62,000 - CA$72,000 per year

About the role

  • 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, external stakeholders
  • Assist with the preparation of quantitative and qualitative credit reviews and facility applications and renewals consistent with Central 1’s 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 1’s policies and procedures
  • Work with the Manager, Credit Union Lending to improve department efficiency

Requirements

  • 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)
Benefits
  • Work-life flexibility
  • Hybrid work environment
  • Variable annual incentive plan
  • Generous annual vacation allotment
  • Top-notch flexible benefits plan including family building and gender affirmation
  • Retirement Plan, matched contributions at 6%
  • Access to a learning platform and educational assistance support
  • 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 and other paid time off options
  • Corporate discounts *subject to employment agreement

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
commercial underwritingcredit risk assessmentloan agreement structuringfinancial health evaluationfinancial modelingreport writingdata analysisrisk rating frameworkcredit application preparationquantitative analysis
Soft skills
verbal communicationwritten communicationinterpersonal skillsrelationship buildingflexibilityaccuracycollaborationprofessionalismsensitivity to business needsadaptability
Certifications
CFA designation