Commercial Credit Analyst

YNCU; Kitchener; Hybrid; CAD 65,000 - 75,000; Full time

Job summary

A community-focused credit union in Kitchener is seeking a Commercial Credit Analyst to support risk management in their Commercial Lending portfolio. Responsibilities include credit adjudication and quality assurance analysis. The ideal candidate will have an undergraduate degree and 1-3 years of related experience. YNCU offers competitive salaries, benefits, and initiatives that allow employees to engage with the community, making it an excellent place to work.

Benefits

Competitive compensation

7% matching pension

100% paid benefits

Employee volunteer opportunities

Qualifications

• 1-3 years of work experience in commercial or real estate lending.
• Experience analyzing financial statements and appraisal reports.
• Must be bondable.

Responsibilities

• Assist in the credit adjudication process for new credits and reviews.
• Review due diligence documents and perform financial analysis.
• Prepare reports for management and board.

Skills

Financial analysis

Credit assessment

Quality assurance

Research and analysis

Education

Undergraduate degree in Business or Finance

Post-graduate degree or related designation (MBA, CFA, FRM, CA)

Job description

Hybrid - Corporate, Kitchener

Full-time

Posting #: 26-04

Reports to: VP, Commercial Risk

Hours: Monday-Friday 8:30-5:00

Are you a community-minded person that’s passionate about investing locally and giving back to your community? Do you like working with other awesome and like-minded people toward a common goal?

Here at Your Neighbourhood Credit Union (YNCU), we are all about putting our money where our mouth is and keeping our dollars local and investing back into our members, staff, and community; and we are looking for people like you to join our team.

The Role

Reporting to VP, Commercial Risk, the Commercial Credit Analyst supports risk management program related to the Commercial Lending portfolio. This position provides commercial credit adjudication support, quality assurance analysis, portfolio monitoring, management and board reporting, and project coordination. The Commercial Credit Analyst will review deals received from the Commercial Lending team, conduct analysis, and make recommendations on whether the deal is within the Credit Union’s risk parameters.

Duties & Responsibilities

• Assist in the end-to-end adjudication process for new credits, annual reviews, and other credit applications in accordance with credit policy and guidelines.
• Review due diligence documents (e.g. appraisals, environmental reports, lease agreements, industry reports etc.), financial spreadsheets, risk rating, financial models and conduct sensitivity analysis.
• Approve annual reviews and amendment requests as per delegated lending authority (DLA).
• Use sound credit judgment to assess, analyze, and present well‑written recommendations for adjudication on new deals, annual reviews, and other credit applications.
• Undertake quality assurance reviews on the commercial credit portfolio, track audit action items, and coordinate with key stakeholders (lenders, funding team, analysts, adjudication team).
• Prepare reports and presentation for Commercial Risk, Management Credit Committee (MC), and Board of Directors as needed.
• Coordinate various initiatives and projects for the Commercial Credit team.
• Research and analyze market segments. Stay current with general economic indicators and monitor industry trends to assess credit risk.
• Maintain a thorough knowledge of the policies and guidelines regarding commercial lending.
• Ensure compliance with internal credit policies, guidelines, procedures, regulatory requirements and cooperative principles.
• Contribute to the ongoing improvements in adjudication practices and credit policy/guideline development.

This position is for an existing vacancy within our team.

What We Are Looking For

• Undergraduate degree in Business, Finance, or a related field.
• Post‑graduate degree or other related designation (MBA, CFA, FRM, CA etc.) considered an asset.
• 1‑3 years’ work experience in commercial or real estate lending, or a related field.
• Previous experience in analyzing financial statements, appraisal reports etc.
• Must be bondable.

Why work at YNCU?

YNCU Employees Get To Be a Part Of The Growing Credit Union Movement And Help Us Get The Word Out On Why Banking Locally Is So Important. We’re Your Friendly, Helpful, And Financially Savvy Neighbour Who Provides Tailored Financial Services To Our Members, Supports Small Businesses, Creates Local Jobs, And Gives Back To Causes That Matter. Through Our Good Neighbours Employee Volunteer Program And Monthly Staff Donation Draws, We Even Let You Choose The Causes We Donate To And Support. YNCU Is Recognized For The Following

• B Corp Certified
• Competitive Compensation, Incentive Programs and Benefits
• 37.5‑hour work week
• 7% matching pension
• Benefits are 100% paid for by YNCU
• Wellness Initiatives including our Employee and Family Assistance Program, premium membership for Calm, Consult+, and LIFT Virtual Fitness
• Training and Development Opportunities
• Community Sponsored Events Employee and paid Volunteer opportunities
• Opportunities to get involved with fun and meaningful committees
• Free banking account
• Discounted Employee Rates

Salary range: $65,000 – 75,000

The compensation offered to the successful applicant for this role will be determined by the candidate’s relevant skills and experience and internal equity. More information about our total rewards package will be available during the hiring process.

YNCU strives to be a diverse workplace reflective of the communities that we live in. We are committed to a diverse workforce and invite everyone to apply. YNCU makes hiring decisions solely on qualifications, merit, and business needs at the time.

YNCU is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, colour, sex, gender, religion, sexual orientation, national origin, disability, pregnancy, or any other protected characteristic as outlined by national, provincial, or municipal laws. This applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, and training.

Your Neighbourhood Credit Union will provide accommodations for persons with disabilities, where needed, to support their participation in our recruitment process. Please contact Human Resources at [e-mail].