Retail Lending Underwriter

Posting #: 24-22
Location: Remote (within commuting distance to Corporate, Kitchener)
Job Type: Regular
Job Grade: 6

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.

Take a look at this job posting, and if it’s a good fit, we encourage you to apply. If it’s not for you but you know someone that may be better suited for it, we welcome you to share it with them! Thanks for checking us out!

The Role

The Retail Lending Underwriter is responsible for the underwriting, processing and approval of on-line applications and broker referrals. The incumbent will analyze, review and approve credit applications within authorized limits, obtaining exceptions where necessary, ensuring that applicable legislation, regulations, policies and procedures are followed. The incumbent will also assist in educating branch staff as required. The Retail Lending Underwriter will also support the Manager, Residential Underwriting in other credit processes including:

·       Underwrite complex and conforming mortgage applications

·       Provide sound credit approvals and use discretion prudently in an effort to minimize overall delinquency while balancing the needs of the member and YNCU with a             focus on providing win-win solutions

·       Daily communication with brokers to build long lasting relationships

·       Assist in educating branch staff as required

·       Fast pace working environment and have the ability to meet scheduled turnaround times

·       Confer with underwriters to aid in resolving credit application problems/concerns

·       Assist in the content and delivery of lending-specific training

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.

·       Certified Ontario Living Wage Employer

·       B Corp Certified

·       2022 Canada's Healthy Workplace Month Great Employer Award

·       Employer under The Career Directory (2023): Canada’s Best Employers for Recent Graduates

·       Competitive Compensation, Incentive Programs and Benefits

·       37.5-hour work week

·       Remote/hybrid working arrangement

·       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

·       Fun Squad

·       Free banking account

·       Discounted Employee Rates

What we are looking for

•  Post secondary diploma, degree and/or certification in business, business administration or a related program, or an equivalent combination of education and experience
•  Minimum three (3) years experience working in a financial institution in a lending services role
•   Possess strong practical understanding of underwriting guidelines and compliance requirements, with a proven ability to underwrite complex credit. 
•   Fully proficient with consumer and mortgage lending as well as having a general knowledge of available financial services products & services
•   Must have a valid Ontario driver's licence and reliable available vehicle
•    Must be bondable

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, 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.