Strategic Commercial Credit Underwriter

Meridian Credit Union; St. Catharines; Hybrid; CAD 79,000 - 110,000; Full time

Job summary

Meridian Credit Union in Ontario invites an experienced Commercial Credit professional to join the Business Banking Credit team in evaluating and underwriting commercial loan applications across sectors. You will work within credit management policies to assess risk and return and support lenders with sound adjudication.

The role emphasizes analysis of financial statements, cash flow modeling, and building strong relationships with members and internal partners. Hybrid work in St.

Qualifications

• Minimum 3+ years’ experience in Commercial Credit underwriting and risk management in a major financial institution environment.
• Relevant post-secondary education with an emphasis on business and finance (i.e. Bachelors or Masters in Business Administration, Finance, Accounting).
• Comfort learning and adopting new digital tools, with an openness to using AI-enabled technology to enhance productivity, accuracy, and the Member experience

Responsibilities

• Conduct underwriting / adjudication on commercial credit applications (new, increased, renewal, amendments) in excess of lenders discretionary limits, either within their own limits or by referral to the Senior Manager and / or Management Loan Committee
• Exercise sound and consistent underwriting practices to ensure compliance with established policies and procedures
• Provide consistent, timely and focused value-added service to the Commercial Banking delivery units
• Assist on overall management and control of excesses and delinquency
• Assist in the writing and / or review of credit policies and the Commercial Credit Procedures Manual along with preparing industry profile papers and reports
• Keep abreast of changes within diverse industry sectors and proactively identify opportunities to improve the risk profile within Meridian’s Business Banking portfolio.
• Apply sound credit adjudication based on knowledge and technical acumen, to reach resolution on differences in opinion, approach, policy interpretation with lenders and Credit Management staff
• Address daily technical problems on security documentation questions, systems issues & loan coding issues and errors
• Escalate more complex issues on unresolved matters to the Director and / or VP, Business Credit
• Regular and consistent verbal and/or written communication with Credit Management staff and / or Business Banking lenders and / or Business Banking Operations department on a wide range of portfolio management and administrative issues
• Liaise with external parties (project monitors, lawyers, accountants, appraisers, etc) on an “as-needed” basis

Skills

Commercial credit underwriting

Credit risk management

Financial statement analysis

Cash flow analysis

Relationship building

Communication skills

MS Excel

Education

Bachelor's or Master's in Business Administration, Finance, Accounting

Tools

MS Office

Online loan origination portal

Job description

Meridian Credit Union in Ontario invites an experienced Commercial Credit professional to join the Business Banking Credit team in evaluating and underwriting commercial loan applications across sectors. You will work within credit management policies to assess risk and return and support lenders with sound adjudication.

The role emphasizes analysis of financial statements, cash flow modeling, and building strong relationships with members and internal partners. Hybrid work in St.