Senior Analyst, Commercial Services (Commercial Real Estate Construction Lending)

FirstOntario Credit Union; Hamilton; On-site; CAD 69,931 - 96,155; Full time

Benefits offered by this job

Health and wellness benefits

Professional development funding

Pension Plan

Employee Volunteer program

Flex-work environment

Job summary

FirstOntario Credit Union in Hamilton, ON, is seeking a Senior Business Analyst to drive Commercial Services goals and support risk management. This hybrid role involves handling complex credit underwriting, managing a small portfolio, and producing detailed financial reports.

The ideal candidate will leverage their 2-4 years of commercial lending experience, demonstrate strong analytical skills, and possess a business diploma or degree. The position offers competitive compensation and comprehensive benefits.

Qualifications

• 2-4 years of Commercial lending experience and/or credit adjudication experience.
• Knowledgeable about small business and commercial banking products.

Responsibilities

• Support complex credit requests through analysis and preparation.
• Manage a small portfolio of commercial borrowers.
• Prepare and present high-quality proposals for loan requests.

Skills

Commercial lending experience

Experience in Real Estate Development

Detail-oriented and analytical skills

Customer service orientation

Familiarity with MS Office

Education

Post-secondary diploma or degree in business or related field

Job description

Benefits

• Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account
• Enhanced mental health benefits through SunLife and TELUS Health
• 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

Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and 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 Senior 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.

The Senior Business Analyst, in addition to the responsibilities of a Business Analyst, will work on complex credit underwriting, have portfolio management responsibilities and be introduced to Account Manager behaviours to build their career skills.

Role

• 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
• 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

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
• Senior Business Analyst: Have 2- 4 years of Commercial lending experience and/or commercial credit adjudication experience
• 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 role is hybrid in Hamilton, ON.

This posting is for an existing vacancy.

Salary Range: $69,931 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.