Central 1

Credit Union Lending Analyst

Central 1

full-time

Posted on:

Location Type: Hybrid

Location: Toronto • Canada

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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 & Tools
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