Your Neighbourhood Credit Union (YNCU) is committed to investing locally and supporting their community. The Commercial Credit Analyst will support the risk management program for the Commercial Lending portfolio by providing credit adjudication support, conducting quality assurance analysis, and preparing reports for management and the Board of Directors.
Responsibilities
- Assist in the end-to-end adjudication process for new credits, annual reviews, and other credit applications in accordance with credit policy and guidelines
- Review due diligence documents (e.g. appraisals, environmental reports, lease agreements, industry reports etc.), financial spreadsheets, risk rating, financial models and conduct sensitivity analysis
- Approve annual reviews and amendment requests as per delegated lending authority (DLA)
- Use sound credit judgment to assess, analyze, and present well-written recommendations for adjudication on new deals, annual reviews, and other credit applications
- Undertake quality assurance reviews on the commercial credit portfolio, track audit action items, and coordinate with key stakeholders (lenders, funding team, analysts, adjudication team)
- Prepare reports and presentation for Commercial Risk, Management Credit Committee (MC), and Board of Directors as needed
- Coordinate various initiatives and projects for the Commercial Credit team
- Research and analyze market segments. Stay current with general economic indicators and monitor industry trends to assess credit risk
- Ensure compliance with internal credit policies, guidelines, procedures, regulatory requirements and cooperative principles
- Contribute to the ongoing improvements in adjudication practices and credit policy/guideline development
Skills
- Undergraduate degree in Business, Finance, or a related field
- 1-3 years' work experience in commercial or real estate lending, or a related field
- Previous experience in analyzing financial statements, appraisal reports etc
- Must be bondable
- Post-graduate degree or other related designation (MBA, CFA, FRM, CA etc.) considered an asset
Benefits
- Competitive Compensation, Incentive Programs and Benefits
- 7% matching pension
- Benefits are 100% paid for by YNCU
- 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
Company Overview
Your Neighbourhood Credit Union is a financial cooperative who puts our Members and our communities at the core of everything we do. It was founded in 1947, and is headquartered in Kitchener, Ontario, CAN, with a workforce of 201-500 employees. Its website is https://www.yncu.com.
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