Business Analyst, Commercial Sevices

FirstOntario Credit Union; St. Catharines; Hybrid; CAD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Business Analyst for Commercial Services to enhance their commercial lending operations. This role involves supporting Account Managers, conducting thorough credit analyses, and preparing loan proposals. The ideal candidate will possess strong business acumen and analytical skills, with a keen eye for detail and risk identification. The company offers a hybrid work environment, competitive compensation, and a commitment to inclusion and diversity. Join a team that values your unique perspective and contributes to the community's financial well-being.

Benefits

Competitive compensation packages

Top-tier health and wellness benefits

Professional development funding

Pension Plan

Flex-work environment

Employee Volunteer program

Employee and Family Assistance Program

Qualifications

• Up to 3 years of experience in commercial lending or credit adjudication.
• Strong understanding of risk trends in commercial loans.

Responsibilities

• Support Account Managers with high-quality loan proposals and credit analysis.
• Prepare reports and assist with compliance-related tasks.
• Identify new opportunities within the loan management process.

Skills

Commercial lending experience

Credit adjudication experience

Business acumen

Analytical skills

Customer service

Detail-oriented

Risk identification

Education

Post-secondary diploma or degree in business

Tools

MS Office

Job description

Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages and a yearly Personal Spending Account
• Enhanced mental health benefits through SunLife and TELUS Health
• Exclusive banking benefits
• Up to $1000 per year towards professional development
• Pension Plan
• Flex-work environment
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program

Job Overview

The Business Analyst, Commercial Services is responsible for supporting the Commercial Services goals by achieving targets and objectives while providing solid advice on products, and services to Commercial Members. As a key member of the team, they support risk and portfolio management.

Role

• Efficiently support the Account Manager, Commercial Services or Credit Solutions in preparing and presenting high-quality proposals by analyzing and conducting proper due diligence for medium to high complexity loan proposals
• Develop appropriate terms, pricing, conditions, and covenants while ensuring thorough credit analysis, due diligence, and sound account management practices
• Prepare loan packages and, when necessary, negotiate with internal partners on structuring the deal to ensure compliance with policies and procedures
• Prepare reports and assist with compliance-related tasks
• Prepare credit analysis/memos including modeling of portfolio performance as well as financial modeling across a variety of asset classes
• As directed, gather items required for the administration of commercial files
• Be actively involved in adjudicating and reviewing Commercial lending, risk, and reward
• Work with your manager to meet annual review and risk management standards for the Commercial Portfolio including structuring transactions
• Diligently complete detailed commercial reviews through the breakdown and analysis of financial statements and recommendations to mitigate any new or changing risks
• Concentrate on department goals and objectives, and portray a strong positive image to our members and the community
• Over deliver on set targets and planned initiatives in the region by identifying new opportunities within the loan management and origination process
• Consider health & safety as a primary concern to ensure the overall well-being of your team and members
• Perform other duties as needed

Required Skills

• Have a sound business acumen built from the ground up with a post-secondary diploma or degree in business or related field or an equivalent combination of education and experience
• Have up to 3 years of Commercial lending experience and/or commercial credit adjudication experience. May also be hired for co-op programs and/or be a business school graduate
• Utilize your understanding and/or experience in Real Estate Development and Construction
• Be well-versed in the identification of risk and warning trends on Commercial Loans and Credit
• Be extremely knowledgeable about small business and commercial banking products and services
• Innately detail-oriented, analytical, and have an incredible passion for ensuring the accuracy of numerical data and cost-effective use of company budget dollars
• Be well-versed in customer service
• Be extremely comfortable using a computer, particularly MS Office
• Be quick to respond to requests for service from all of your members
• Be aware of and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation, and FirstOntario policies and procedures
• Be willing to work flexible hours to accommodate business needs, networking, and community involvement

This is a permanent opportunity working on a hybrid basis in St. Catharines. Fully on-site training requirements will be discussed during the interview process.

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help make FirstOntario better. At FirstOntario, inclusion, diversity, and equity aren't just "nice to have" - they're essential to our success.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.