SENIOR MANAGER, UNDERWRITING I

Business Development Bank of Canada; Mississauga; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

Business Development Bank of Canada (BDC) is seeking a Senior Manager, Underwriting to lead high-quality loan proposals in the Canadian market. The role requires deep credit analysis, due diligence, and collaboration with AM/BCM/CRM partners to structure deals in line with BDC policies.

You will mentor team members and maintain strong relationships with business centres while navigating evolving credit regulations.

Qualifications

• Bachelor’s degree in commerce, business administration or accounting is required.
• Accounting designation or CFA is an asset.
• 3–5+ years of relevant corporate or syndicated financing experience.
• Experience in loan writing with strong credit analysis.
• Thorough knowledge of credit policies and procedures.
• Ability to develop win–win solutions and negotiate with internal partners.
• Strong communication and client service skills.

Responsibilities

• Underwrite high-quality loan proposals for up to and beyond $1M.
• Perform due diligence and present thorough credit analyses.
• Develop terms, pricing, conditions, and covenants with internal partners.
• Review loan packages and negotiate structures to meet policy standards.
• Coach and mentor junior staff; maintain strong internal relationships.

Skills

Credit analysis

Loan underwriting

Negotiation

Communication

Problem solving

Team player

Business acumen

Analytical thinking

Education

Bachelor’s degree in commerce, business administration or accounting

Accounting designation or CFA (asset)

Job description

We are banking at another level.Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.Choosing BDC as your employer also means:Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a fewIn addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1A hybrid work model that truly balances work and personal lifeOpportunities for learning, training and development, and much more...Explore the BDC Way in our Culture BookWe are looking for a Senior Manager, Underwriting to join our team in Toronto!This is an opportunity to put your analytical skills, business acumen and commercial lending experience to good use. You will be responsible for proposing high quality loan proposals in the amount of $1M or more, for businesses in various industries across Canada. If you are looking for an organization that invests in your talent, join our committed and diverse team!POSITION OVERVIEWThe Senior Manager, Underwriting is responsible for conducting proper investigations and due diligence activities for loan proposals. The Manager, Underwriting, must also present high-quality proposals, which include all appropriate analysis and documentation while ensuring that risk levels are within the parameters of accepted credit practices and BDC policies and procedures.CHALLENGES TO BE METUnderwrite high-quality proposals by analyzing and conducting proper investigations and 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.Review loan packages and, when necessary, negotiate with internal partners (AM/BCM/CRM) on structuring the deal to ensure compliance with BDC policies and procedures.Participate in the resolution of compliance or material changes that arise as deals are being negotiated and structured.Develop win-win solutions for the client and BDC through innovative thinking and resourcefulness.Maintain relationships with business centre personnel, colleagues and internal partners in order to foster teamwork, the pursuit of common objectives and the consistent application of policies.Keep abreast of changes to policies, procedures and detailed processes and trends in credit and regulatory issues that may have an impact on BDC.Coach new employees and BDLs; mentor and share experience with team members.WHAT WE ARE LOOKING FORBachelor’s degree in commerce, business administration or accountingAccounting designation or CFA and banking experience are a definite asset3 to 5 years or more of relevant experienceExperience in corporate and/or syndicated financingExperience in loan writing and ability to analyze and structure complex financial dealsSound credit judgement coupled with a strong understanding of credit policies and practicesThorough knowledge of Bank products, services, policies and procedures and ability to provide high quality customer service to internal/external clientsAbility to develop win-win solutions for the client and BDC through innovative thinkingStrong communication skills to be able to interact and negotiate with the internal partners and, in certain instances, with clients.Good time management and priority setting skills in order to meet critical deadlinesStrong business acumenTeam player with a thorough understanding of the dynamics of the small business environmentProudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at [e-mail] we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.