Commercial Analyst (Town Centre Branch)

Envision Financial; Abbotsford; On-site; CAD 52,000 - 75,000; Full time

Job summary

Envision Financial is hiring a Commercial Analyst to support the commercial sales team and underwriting processes. The role focuses on financial statement analysis, credit risk review, and loan origination activities, with a path toward commercial sales roles as experience grows.

The position emphasizes work within construction and real estate financing and requires strong Excel/Word skills and a solid understanding of credit policies.

Qualifications

• Experience in commercial lending or analyst roles preferred.
• Diploma or equivalent in related field required.
• Bachelor’s degree in a related discipline preferred.

Responsibilities

• Financial analysis: analyze financial statements and market data for credit applications.
• Loan review/security: review loan offers and collateral, ensure completeness.
• Loans origination: prepare paperwork and forward for review/approval; manage documentation.
• Risk management: conduct annual reviews and ensure terms are met; site visits as needed.
• Sales and service: identify cross-selling opportunities and maintain community relationships.

Skills

Commercial analysis

Financial analysis

Credit risk management

Excel & Word

Sales experience

Education

Diploma (2 yrs)

Bachelor’s degree preferred

Job description

We are currently seeking a Commercial Analyst to join our team.

The Commercial Analyst is an entry role into commercial sales/lending roles. An incumbent should expect to spend at least two (2) years in this role and once required skill and experience level is achieved would look to apply for a commercial sales/lending role when they become available. Responsibilities include: provides administrative and analytical support to the commercial sales team; performs a variety of tasks that support the underwriting process for new credit applications; conducts annual reviews on commercial accounts, analyzes financial statements, and completes analysis of industry and market data, as required. The incumbent will deal directly with commercial members once a sufficient level of skill and experience are achieved.

This role will be working primarily in construction and real estate financing.

Here’s what would be included as a part of your typical day

• Financial Analysis: Completes analysis of financial statements and identifies any potential issues or concerns. Researches industry reports and analyzes market data related to specific credit applications, as required.
• Loan Review/Security: Reviews "offer of credits" and "loan security" generated from the application tool to ensure information is complete and accurate; reviews delinquency reports and connects with TBD and/or credit services to work on resolution.
• Loans Origination Process: Completes required paperwork for new credit applications, ensuring all supporting documentation is in place and forwards to commercial expert for review and/or approval; ensures required information from financial statements is entered into loans origination system; completes letter of credit requests in loans origination system; and completes progress draw worksheets for construction loans and monitors loan disbursement requests.
• Risk Management: Completes annual reviews on commercial accounts and ensures all terms and conditions are satisfied including visiting business premises when required.
• Sales and Service: Reviews files to identify cross-selling opportunities and forwards to appropriate commercial banking advisors; addresses member/client complaints or concerns to the mutual satisfaction of all parties. Establishes and maintains relationships within the branch network and the business community and follows up on incoming referrals. Promotes the organization’s image within the community through participation in community initiatives and events. Reinforces relationship management and Tru Cooperative Bank sales culture through support of in-branch and company wide campaigns and recognizing employee referrals.

Required Skills, Experience & Qualifications

• Experience in Commercial Analyst or lending roles is preferred
• College, Trade or Tech School Diploma (2 years) in related field required
• Bachelor’s Degree in related discipline preferred
• 2 years sales and financial analysis experience or equivalent required
• Previous knowledge of lending policies, procedures, products, and services preferred
• Working knowledge of relevant legislation and statutory requirements influencing the granting and collection of commercial credit preferred
• Proven knowledge and skills in financial statement analysis and credit risk management
• Proven ability to manage change and identify and act upon continuous improvement opportunities
• Strong work ethic and demonstrated resourcefulness in execution of daily activities
• Advanced knowledge in Microsoft Office Applications, specifically MS Excel and Word
• Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.