Commercial Lending Analyst

Posting #: 26-73
Reports to: Manager, Commercial Lending Analysts

Are you a community-minded person that’s passionate about investing locally and giving back to your community? Do you like working with other awesome and like-minded people toward a common goal?

Here at Your Neighbourhood Credit Union (YNCU), we are all about putting our money where our mouth is and keeping our dollars local and investing back into our members, staff, and community; and we are looking for people like you to join our team.

The Role

The Commercial Lending Analyst is responsible for analyzing, assessing, underwriting, and monitoring commercial credit relationships and lending transactions. The incumbent contributes to YNCU’s Commercial Lending profitability and growth by assisting with the ongoing management of a diverse portfolio of business relationships. The incumbent supports the Commercial Lending team through financial analysis, credit application preparation, portfolio monitoring, and business development activities on a day-to-day basis, including site visits as required.

DUTIES & RESPONSIBILITIES:

• Assist with the assessment of commercial financing proposals, including due diligence, research, financial analysis, credit application preparation, and recommendations that adhere to YNCU’s policies, procedures, and risk guidelines.
• Analyze new financing requests, renewals, annual reviews, amendments, and risk assessments for both existing and prospective Members, ensuring reviews are completed within targeted timelines and in accordance with YNCU’s credit and risk standards.
• Collect, compile, and analyze financial statements, cash flow information, collateral details, borrowing base information, industry data, and other relevant documentation to assess creditworthiness, repayment capacity, and overall risk.
• Prepare clear, accurate, and well-supported credit applications, annual reviews, renewal packages, and credit recommendations, including analysis of financial performance, debt servicing capacity, collateral coverage, industry conditions, risks, mitigants, proposed credit structure, and risk rating considerations.
• Coordinate with internal and external partners to support the ongoing management, administration, approval, documentation, and funding of commercial credit facilities.
• Communicate with Commercial Lending business partners as required to help obtain information, clarify credit requirements, support credit decisions, and assist with the timely completion of new requests, renewals, amendments, and portfolio management activities.
• Monitor borrower performance, covenant compliance, financial reporting requirements, borrowing base requirements, and emerging risk indicators, escalating concerns and recommending appropriate action where required.
• Ensure commercial credit files are reviewed regularly, and that required documentation, approvals, financial reporting, security, and compliance items are complete, current, and properly maintained.
• Research and analyze industry sectors, market conditions, economic indicators, and portfolio trends to support credit decisions and assess transaction and portfolio risk.
• Support prudent portfolio growth and quality of business by balancing Member needs, business objectives, risk appetite, policy requirements, and sound credit judgment.
• Provide excellent service to internal and external parties by responding to inquiries, supporting business partners, and helping ensure a professional, timely, and consistent credit adjudication process.
• Maintain a thorough working knowledge of YNCU’s commercial lending policies, procedures, underwriting standards, documentation requirements, and applicable enterprise risk management expectations.
• Identify and bring forward credit, operational, policy, documentation, or enterprise risk issues for discussion, review, and resolution with the Manager, Commercial Lending Analysts, as appropriate.
• Stay current with general economic indicators, commercial lending trends, industry sector risks, and financial analysis practices relevant to YNCU’s commercial portfolio.

This position is for an existing vacancy within our team.

What we are looking for:

• 2+ years of previous commercial lending, commercial credit analysis, or related financial services experience.
• Post-secondary diploma, degree and/or certification in Business Administration, Economics, Finance, Commerce, Accounting, or a related program, or an equivalent combination of education and experience.
• Ability to understand, interpret, and analyze financial statements, cash flow, repayment capacity, collateral support, and key credit risk factors.
• Knowledge of commercial lending products, credit structures, security documentation, financial services products and services.
• Prior experience supporting credit applications, annual reviews, renewals, risk assessments, or commercial loan administration would be considered an asset.
• Ability to work outside of normal business hours when required.
• Must have a valid Ontario driver’s licence and access to a reliable vehicle.
• Must be bondable

Why work at YNCU?

YNCU employees get to be a part of the growing credit union movement and help us get the word out on why banking locally is so important. We’re your friendly, helpful, and financially savvy neighbour who provides tailored financial services to our members, supports small businesses, creates local jobs, and gives back to causes that matter. Through our Good Neighbours Employee Volunteer Program and Monthly Staff Donation Draws, we even let you choose the causes we donate to and support. YNCU is recognized for the following:

• B Corp Certified
• Competitive Compensation, Incentive Programs and Benefits
• 37.5-hour work week
• 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

Salary range: $69,000 - $74,000

The compensation offered to the successful applicant for this role will be determined by the candidate’s relevant skills and experience and internal equity. More information about our total rewards package will be available during the hiring process.

YNCU strives to be a diverse workplace reflective of the communities that we live in. We are committed to a diverse workforce and invite everyone to apply. YNCU makes hiring decisions solely on qualifications, merit, and business needs at the time.

YNCU is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, colour, sex, gender, religion, sexual orientation, national origin, disability, pregnancy, or any other protected characteristic as outlined by national, provincial, or municipal laws. This applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, and training.

Your Neighbourhood Credit Union will provide accommodations for persons with disabilities, where needed, to support their participation in our recruitment process. Please contact Human Resources at careers@yncu.com.