Business Advisor

Innovation Federal Credit Union; Calgary, Edmonton, Regina, Saskatoon; Remote; CAD 89,000 - 122,000; Full time

Benefits offered by this job

7% pension match

Extended health benefits

Employee & Family Assistance Program

Staff loan rate

Day 1 benefits

Job summary

Innovation Federal Credit Union is hiring a Business Advisor to support medium and large business and agricultural members across Calgary, Edmonton, Regina, and Saskatoon. You will underwrite complex lending, assess credit risk, and tailor financing solutions including CRE financing and CMHC multi-unit opportunities.

The role requires 6+ years in relationship banking, strong financial analysis, and excellent communication skills.

Qualifications

• 6+ years of relationship banking experience with business lending.
• Experience with Commercial Real Estate financing; CMHC Multi-Unit financing is a strong asset.
• Strong analytical and financial acumen with ability to assess business financials and lending risk.
• Excellent communication and relationship-building skills.
• Proficient in digital tools and MS 365.

Responsibilities

• Foster relationships with medium and large business and agricultural members, providing ongoing financial guidance and support.
• Evaluate members' financial health and business operations to recommend tailored financing solutions.
• Manage and grow an assigned portfolio through sound financial advice and Credit Union products and services.
• Underwrite complex business lending opportunities, including refinances and CRE financing, while assessing credit risk.
• Analyze loan applications for data integrity, potential fraud, and creditworthiness.
• Conduct loan interviews, gather required documentation, assess financial statements, credit reports, and ratios.
• Communicate financing decisions to members and handle conditionally approved files.
• Provide and cross-sell high-quality financial products through proactive member contact.
• Solicit new business members and foster development through service excellence and product expertise.
• Collaborate with staff to meet members' financial needs and perform regular portfolio reviews.

Skills

Relationship banking

Credit analysis

Commercial lending

Underwriting

Portfolio management

Financial analysis

Communication skills

Digital literacy

Education

Post-secondary education in finance/business/agribusiness

Tools

Excel

Teams

Power BI

Power Automate

Viva

Job description

• Pay or shift range: $89,079 CAD to $122,484 CAD
  Please note that the successful candidate will be offered an annual salary that falls within the posted salary range, and in alignment with our internal pay equity practices.

Description

Business Advisor

Calgary, Edmonton, Regina, or Saskatoon

The Business Advisor has expertise in credit analysis, financial advice, portfolio management, and relationship management to contribute to the success of our members and the growth of our credit union. This role is responsible for supporting medium and large business and agricultural members by assessing financial needs, providing tailored financing solutions, and helping members achieve their business goals. Commercial Real Estate financing will be a primary focus of this role, with experience in Commercial CMHC Multi-Unit financing being a key asset.

We are looking for candidates with excellent communication and interpersonal skills, a strong ability to provide knowledgeable and timely advice, and a commitment to delivering exceptional member service through the effective use of our products, services, and omni-channel capabilities. Key responsibilities include:

• Foster strong relationships with medium and large business and agricultural members, providing ongoing financial guidance and support.
• Evaluate members' financial health and business operations to recommend tailored financing and business solutions.
• Manage and grow an assigned portfolio through sound financial advice and strategic utilization of Credit Union products and services.
• Underwrite complex business lending opportunities, including refinances and commercial real estate financing, while assessing credit risk and loan viability.
• Analyze loan applications for data integrity, potential fraud, and creditworthiness.
• Conduct loan interviews, gather required documentation, assess financial statements, credit reports, banking information, and key financial ratios.
• Handle conditionally approved files and communicate financing decisions to members.
• Provide and cross-sell high-quality financial products and services through proactive member contact with the intent of increasing member wallet share.
• Solicit new business members and foster business development through service excellence, community involvement, and product expertise.
• Work closely in a collaborative team environment with all staff to meet members' financial needs, both known and unknown.
• Conduct regular portfolio reviews and proactively monitor lending relationships.
• Maintain up-to-date knowledge of all credit union products, services, policies, regulations, and lending practices through ongoing learning and professional development.
• Utilize digital tools and platforms, including MRM and other available technologies, to create efficiencies, strengthen member relationships, and enhance the member experience.
• Assess risk when making decisions while ensuring compliance with regulatory and organizational requirements.
• Travel and provide regional support as required in accordance with Innovation's Travel Practice Guidelines.

Qualifications

• Completion of post-secondary education in finance, business, management, agribusiness, or a related field, and/or completion of specialized lending courses.
• 6+ years of relevant experience in relationship banking with demonstrated knowledge and experience in business lending, credit analysis, commercial lending, and complex loan underwriting.
• Experience with Commercial Real Estate financing; experience with Commercial CMHC Multi-Unit financing is considered a strong asset.
• Proven business development, sales, relationship management, and member service skills.
• Strong analytical and financial acumen, with the ability to assess business financials and lending risk.
• Highly organized with strong attention to detail, time management, and portfolio management capabilities.
• Strong communication skills with the ability to build trusted relationships with members, prospects, and colleagues.
• Embraces a growth mindset with a commitment to continuous learning and professional development.
• Proficient in digital literacy, including critical thinking, problem solving, and navigation of digital solutions and platforms.
• Comfortable using Microsoft 365 applications, including Excel, Teams, Viva, Power Automate, and Power BI.
• Detail-oriented and risk-aware, contributing to the safeguarding of the Credit Union's assets, reputation, and member relationships.

ABOUT US

Hi! We’re Innovation Federal Credit Union. Our purpose is to simplify banking for all Canadians. We like to keep it simple. We have three values – Accountability, Integrity, and Respect – and we are constantly striving to improve our organization to make it better for you (our member and prospective employee)!

How are we different from other Credit Unions? We’ve put in the work to become a federal credit union – just one of three in Canada – to secure the future of our organization and continue to grow across Canada. We are proudly rooted in Saskatchewan, but our vision is national, or as we like to say, "Made in Sask, Built for Canada".

What sets us apart:

• Commitment to Community: $1.1 million was given to local organizations last year who are making a difference
• Strong focus on Diversity and Inclusion: Nearly 22% of InnovationNation proudly identifies as part of a designated group, reflecting our strong commitment to fostering a diverse workplace
• Benefits that start when you do: Our full-time staff participate in a 7% employer-matched pension plan, extended health benefits, employee and family assistance program, and a staff loan rate. These benefits all start on Day 1 of employment, no waiting period!

In the spirit of Truth and Reconciliation, we acknowledge that we are on the traditional territories of the many First Nations, Métis, and Inuit who have graced these lands for millennia.

We are privileged to live on, work on and enjoy the benefits of these lands, now known as Canada.