Business Analyst / Senior Business Analyst Commercial Services

Firstontario Credit Union Limited; Hamilton; Hybrid; CAD 59,000 - 96,000; Full time

Benefits offered by this job

Competitive compensation

Health benefits

Health spending account

Personal spending account

Mental health benefits

Professional development allowance

Pension plan

Flexible work environment

Volunteer program

Employee Assistance Program

Job summary

FirstOntario Credit Union in Hamilton, ON is seeking a Business Analyst, Commercial Services to support Commercial Services goals by analyzing and advising on products and services for members, and to assist with risk and portfolio management.

The role involves preparing loan proposals, due diligence, credit analysis, reports, and collaboration with internal partners to structure deals and ensure policy compliance.

Qualifications

• Post-secondary diploma or degree in business or related field, or equivalent education and experience.
• Up to 4 years of Commercial lending experience or commercial credit adjudication experience.
• Experience in Real Estate Development and Construction.
• Knowledge of risk and warning trends on Commercial Loans and credit.
• Familiarity with small business and commercial banking products and services.
• Detail-oriented with strong numerical data accuracy and budget discipline.
• Strong customer service orientation.
• Proficiency with MS Office.
• Willing to work flexible hours to meet business needs.

Responsibilities

• Support the Account Manager, Commercial Services or Credit Solutions by analyzing and preparing high-quality proposals with due diligence for medium to high complexity loan proposals.
• Develop terms, pricing, conditions and covenants while ensuring thorough credit analysis and sound account management.
• Prepare loan packages and negotiate with internal partners to ensure policy compliance.
• Prepare reports and assist with compliance-related tasks.
• Prepare credit analysis/memos including portfolio modeling across asset classes.
• Gather items required for administration of commercial files.
• Adjudicate and review Commercial lending, risk and reward.
• Meet annual review and risk management standards for the Commercial Portfolio and structuring transactions.
• Complete detailed commercial reviews and mitigate emerging risks.
• Interact with members to gather information and respond to inquiries.
• Represent FirstOntario at community events and networking opportunities.
• Provide support and due diligence for larger, more complex credit requests.
• Manage a small portfolio of commercial borrowers.
• Prepare more complex reports as requested.
• Assist with training less experienced Business Analysts.
• Participate in community events to represent FirstOntario.

Skills

Commercial lending experience

Credit adjudication

Real Estate Development

Risk identification

Commercial banking products

Customer service

MS Office

Flexible hours

Education

Post-secondary diploma or degree in business

Equivalent education and experience

Job description

Why FirstOnario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages, a health spending account and a 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 team, they support the risk and portfolio management.

Role

• Efficiently support the Account Manager, Commercial Services or Credit Solutions in the 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 modelling of portfolio performance as well as financial modelling across a variety of asset classes
• As directed, gather items required for the administration of commercial files
• Be actively involved in adjudicating and reviewing of 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 we may need you to do

In addition to the duties outlined below, a Senior Business Analyst will also be responsible to:

• Provide support and due diligence analysis for larger, more complex credit requests
• Independently research, analyze and prepare credit applications for their manager(s) as directed
• Independently manage a small portfolio of commercial borrowers including member contact
• Interact directly with members for purposes of gathering information and responding to member enquiries
• Prepare more complex reports as requested by their manager(s)
• Assist with training less experienced Business Analysts
• Participate in community events and networking events to represent FirstOntario

Required Skills

• Have a sound business acumen which you 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 4 years of Commercial lending experience and/or commercial credit adjudication experience. May also be hired for co-op programs and/or be 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 the world of 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 need, networking and community involvement

This position may be filled at either the Analyst or Senior Analyst level. The level, responsibilities, and compensation will be determined based on the successful candidate's skills, experience, and qualifications.

This role is hybrid in Hamilton, ON. This posting is for an existing vacancy.

Salary Range: $59,078 to $96,155 annually.

Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.

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

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