Senior Manager

Laurentian Bank; Montreal; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work model

Birthday day off

EFAP

Pension plan

Group insurance

Wellness program

Job summary

Laurentian Bank is seeking a seasoned credit professional to analyze and approve equipment financing requests across Canada and the United States. You will assess credit risk, interpret policies, and collaborate with business lines to structure recommendations.

Reporting to the AVP, NCF EF Credit, you will lead risk management efforts, contribute to policy development, and mentor less experienced colleagues in a dynamic, bilingual environment.

Qualifications

• University degree in Finance or Accounting or related field.
• 7+ years of banking experience in equipment/commercial or real estate loan portfolio.
• Knowledge of Bank Act and related regulations in Canada/USA; ability to interpret credit policies.

Responsibilities

• Analyze, approve and/or decline equipment financing requests and amendments to facilities.
• Develop strategies to manage troubled accounts and mitigate credit risk.
• Identify accounts at increased risk and recommend remediation actions.
• Participate in developing, updating and communicating credit policies and procedures.
• Recommend improvements to processes and credit risk management practices.
• Analyze and resolve complex situations with sound judgment and credit expertise.
• Serve as SME for less experienced colleagues and business partners.
• Lead projects related to credit, risk management or process improvement.
• Provide expert interpretation of policies to business lines and assist with recommendations.
• Perform follow-ups from audits and ensure corrective measures are implemented.
• Maintain knowledge of economic conditions and market trends affecting credit risk.

Skills

Financial analysis

Bilingual FR/EN

Risk assessment

Negotiation

Education

Bachelor's degree in Finance or Accounting

Job description

Northpoint Commercial Finance - Backed by Laurentian Bank

With Northpoint's foundation and reputation in the industry built, Laurentian Bank, which has been in business for over 170 years, acquired Northpoint Commercial Finance in 2017. With over $45 billion in assets, a solid cultural alignment and variety of financing solutions, Laurentian Bank ensures stability for the foreseeable future while allowing Northpoint Commercial Finance to maintain its personal, flexible approach.

Northpoint Commercial Finance offers businesses across North America personal, flexible financing options such as inventory finance, equipment finance and asset-based lending to support their business growth needs.

Reporting to the Assistant Vice President, NCF EF Credit, the incumbent is responsible for the analysis, recommendation and/or approval, within their delegated authority, of various equipment financing requests submitted by the business lines. These financings cover a range of industries, including construction, transportation and aviation, and are offered to customers across Canada and the United States.

The incumbent is also responsible for reviewing requests to establish agreements with various transaction referral sources and for assessing the associated credit risk based on the nature and structure of each arrangement. In addition, the incumbent contributes to the ongoing monitoring and management of credit risk, as well as to the development and enhancement of credit policies and procedures. The incumbent also supports the Business Development teams in interpreting credit policies and in preparing and structuring their recommendations.

More broadly, the NCF EF Credit team is responsible for the approval, review, monitoring and management of credit risk associated with equipment financing across various industries, including construction, transportation, aviation and information technology. The team is also responsible for developing and applying credit practices, policies and procedures designed to appropriately manage and mitigate the risks inherent in these financing activities.

Responsibilities

• Analyze, approve and/or decline equipment financing requests and amendments to existing facilities, in accordance with delegated approval authorities.
• Develop and recommend strategies to manage troubled accounts and mitigate credit risk.
• Proactively identify accounts presenting increased risk, assess key issues and recommend appropriate actions to support remediation or limit risk exposure.
• Participate in the development, update and communication of credit policies, guidelines and procedures, ensure their proper application, and respond to information requests from the business lines.
• Recommend improvements to processes, operational efficiency and credit risk management practices.
• Analyze and resolve complex situations by exercising sound judgment and drawing on multiple sources of information, in-depth credit expertise and an understanding of related disciplines.
• Act as a resource and subject matter expert for less experienced colleagues and business partners by providing guidance, support and credit expertise.
• Lead projects or projects workstreams related to credit, risk management or process improvement, including as part of broader initiatives.
• Agir à titre d’expert auprès des lignes d'affaires dans l'interprétation des politiques et procédures de crédit et, au besoin, dans la préparation de leurs diverses recommandations.
• Perform the appropriate follow-ups arising from business line audit and review reports and ensure that corrective measures are implemented where required.
• Maintain current knowledge of economic conditions, developments within the industries covered by NCF EF, the competitive environment, and market trends that may impact credit risk.

Qualifications

• University degree at the undergraduate or graduate level in Business Administration, with a specialization in Finance or Accounting.
• More than seven years of relevant banking experience in the development, analysis, approval and/or management of an equipment/commercial and/or real estate loan portfolio.
• Good knowledge of the Bank Act, applicable equipment financing laws and regulations in Canada and the United States, and bankruptcy legislation.
• Strong analytical and synthesis skills, sound negotiation abilities, and good judgment.
• Strong written and verbal communication skills in French and English.
• Collaborative, autonomous and disciplined, with a strong commitment to continuous improvement.
• Demonstrates a high level of integrity and a strong reputation for sound governance and professional ethics.
• Knowledge of banking credit policies is an asset.
• Proficiency in both French and English is considered an asset.

*Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you:

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. As an extra perk, you also get a day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.