Manager, Commercial Analysts

Manager, Commercial Analysts
Posting #: 26-27
Location: Corporate Kitchener
Reports to: VP, Business Services & Syndications

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 Manager, Commercial Analysts will lead and manage a team of commercial analysts who are assessing and monitoring a diverse portfolio of commercial loans. The incumbent will also support the Commercial Lending team in analysis, credit application write-up, portfolio management, and business development activities. The Manager, Commercial Analysts, brings strong commercial credit knowledge and sound judgement along with practical experience developing commercial credit proposals.

DUTIES & RESPONSIBILITIES:                                                                      

• Day-to-day team management, including training, learning and development plans, performance management, coaching and workflow prioritization
• Own staffing and leadership: hire, onboard, motivate, and keep team informed of changes
  Identify skills gaps and work with employees to build and implement personal developmental plans to help them be more effective and confident in their roles
• Proactively coach and develop team members to assist them in achieving individual and organizational goals
• Ensure adequate staff coverage to meet business requirements and cross-train team members as required
• Monitor and ensure commercial lending portfolio adheres to risk and policy guidelines and prepare/maintain reporting to executives.
• Support team members in conducting annual reviews of existing members and maintain annual reviews/renewals/delinquencies at or below targeted levels.
• Maintain and improve tracking systems to ensure timely completion of annual reviews.
  Work closely with Risk team on portfolio performance and make recommendations on stress testing/watchlist management.
• Coordinate with internal and external partners to facilitate the on-going management of credit facilities.
• Communicate with members on a day-to-day basis, responding to questions and inquiries regarding products, services and advice.
• Research and analyze market segments. Monitor market conditions and trends to assess risk.
• Oversee the collection and compilation of information required to monitor the commercial loan portfolio.
• Provide sound recommendations and justifications for credit proposals in light with detailed financial, business and credit analysis.
• Work closely with the VP, Business Services & Syndications to assess new business opportunities in order to achieve expected revenue and growth targets.
• Be aware of enterprise risk management issues as they relate to Lending Services and bring forward strategic and risk issues for discussion, review and solutions.
• Stay current with general economic indicators and industry sector trends.
• Maintain a thorough knowledge of policies and procedures as they pertain to the operations of Lending Services

This position is for an existing vacancy within our team.

What we are looking for

• 3+ years of previous commercial lending/analysis 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 analyse large quantities of data using Microsoft Excel.
• KPI driven individual.
• Prior sales and service experience within the commercial lending industry and a general knowledge of available products & services.
• Ability to work outside of normal business hours when required.
• People management experience a bonus.
• Must have a valid Ontario driver's licence and reliable available 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: $72,000 - 82,000

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.