Commercial Banking Senior Analyst

Vancity; Vancouver; On-site; CAD 71,000 - 108,000; Full time

Job summary

Join a forward-thinking organization as a Commercial Banking Senior Analyst, where you will play a crucial role in underwriting complex commercial credit applications. This position offers the opportunity to support small and medium-sized businesses while ensuring compliance with lending policies. You will work closely with a dynamic sales team, providing high-quality underwriting advice and fostering relationships with clients. The role emphasizes a collaborative approach, allowing you to leverage your financial expertise and contribute to meaningful community impact. If you're ready for a challenge in a fast-paced environment, this opportunity is perfect for you.

Benefits

Flexible vacation allowance

Comprehensive benefits package

Defined benefits pension plan

Additional statutory holidays

Care days for personal illness

Qualifications

• Strong understanding of financial accounting principles and data analysis.
• Minimum of three years commercial lending experience.

Responsibilities

• Analyze information from commercial borrowers to determine lending risks.
• Collaborate with Commercial Account Managers on credit applications.
• Perform annual reviews of existing business credit facilities.

Skills

Financial Analysis

Commercial Credit Structuring

Business Writing

Organizational Skills

Communication Skills

Education

Undergraduate Degree in Accounting, Finance or Business Administration

Job description

The Commercial Banking Senior Analyst is responsible for underwriting complex commercial credit applications for the small and medium sized business market and the real estate construction/investment property market. You will support the sales team by conducting appropriate due diligence and investigation of existing and prospective commercial borrowers and by preparing credit applications for new business loans, annual reviews, and amendments within the guidelines of commercial lending policies and procedures. You will provide high quality business loan underwriting advice and service that will enable the meeting of member needs, achievement of departmental business goals and support of social, environmental and community impact transactions.

The Team: The Commercial Banking Senior Analyst reports directly into the Manager Community Business Support.

A typical day would involve:

• Performing timely and accurate analysis of information from commercial borrowers to determine risk involved in lending money to new and existing businesses.
• Providing advice and collaborate with Commercial Account Managers to underwrite high-quality new business credit applications.
• Performing annual reviews of existing business credit facilities to evaluate performance.
• Working effectively with Risk Managers to achieve timely delivery of credit approvals.
• Accompanying Commercial Account Managers on member meetings to participate in discussions on financial/structural aspects of new business loan requests.
• Providing technical advice and expertise to Associate Analysts and Analysts to foster their professional development.

You are:

• Resourceful–You understand and utilize the network of resources available to you and can independently formulate appropriate solutions for your members
• Tech-savvy –People often say you’re a quick learner and great with technology & systems
• A strong relationship builder–You find it easy to get to know others and build trust
• Ready for a challenge –You have a positive attitude and are able to work in a fast-paced changing environment
• Self Motivated - You able to work with little direction at times, but also able to work collaboratively with others as required.

You have:

• Strong understanding of financial accounting principles and a demonstrated strength in the analysis and interpretation of financial data, commercial property appraisals and credit information.
• Strong experience in structuring commercial credit.
• Strong business writing skills.
• Excellent organizational and prioritization skills, with a strong attention to detail.
• Excellent communication skills.

Education & Experience

• Undergraduate Degree in Accounting, Finance or Business Administration, or similar professional experience.
• Minimum of three years commercial lending experience.

Salary Range:

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

The salary range for this role is $71,500.00 to $107,300.00 annually. Base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

Posting Deadline: Posted until position is filled.

A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

We offer:

• We are the largest private-sectorLiving Wage Employerin Canada and have been consistently recognized as one of theTop Employers in Canada.
• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness.
• We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.

At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at [e-mail] for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.