Hospitality jobs in Canada

At Meridianour aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

You will be part of the Business Banking Credit team that has responsibility for credit decisions pertaining to a $10 billion Commercial loan portfolio across all sectors of the Canadian economy. Key sectors include Land & Construction, Hospitality, Income Producing Real Estate & general industries.

This position will be responsible for supporting Directors that manage a team of Commercial Credit adjudicators. You will provide credit adjudication, portfolio management and act as a key business partner to the Business Banking Delivery team. This is to be done within the framework of the approved credit management policies, to ensure the loan assets represent acceptable risk and return to the Credit Union. You will enjoy a fast-paced, engaged and exciting environment.

Key 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.

The ideal candidate will possess :

• 5-10 years in either Commercial Credit Adjudication or Commercial Banking with a major Canadian financial institution, or equivalent with Ontario based business sector experience.
• Undergraduate or Graduate Degree with a focus on business administration / finance / accounting.
• Strong understanding of advanced business sectors (including leveraged & private equity, out & in-bound syndications, mortgage / leasing / bulk finance entities) and diverse corporate structures (i.e. Partnerships, LLP, REITS, Trusts, Co-Ventures).
• Prior experience in income property lending (IPL), land, development & construction (Low to Hi-Rise) and hospitality sectors would be an asset.
• Familiarity with acceptable financing options and techniques (i.e. senior, mezzanine, subordinate debt, share and other equity offerings).
• Sound understanding and ability to deeply assess business financial statements, conduct cash flow analysis and work with financial models and their sensitization.
• Knowledge of commercial account operating procedures, cash management services and other banking products (i.e. credit cards, forex, funds transfers).
• Sound understanding and ability to review Commercial / Corporate lending security and related documentation.
• Exposure to collection / work out techniques and remedies would be of benefit.
• Excellent written and verbal communication skills.
• Strong but collaborative negotiation skills to find an agreeable position with our Members’ best interest foremost in mind.
• Develop and maintain strong working relationships with a demonstrated ability to work effectively with key business partners, including front line relationship Managers and their leadership.
• Able to prioritize and plan workload in order to meet deadlines in a dynamic, fast-paced environment driven by self-motivation to exceed expectations.
• Proficient knowledge of standard office equipment including PC skills with emphasis using MS products including Word & Excel. Familiarity with an on-line loan origination portal would be of great benefit (i.e. Linedata Capitalstream).

Office Location : 3330 Bloor Street West, TorontoOR 75 Corporate Park Drive, St. Catharines.

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We provide you with the tools and technology needed to delight your candidates and clients!
• You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world
• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
• This isn't your typical "corporate" job. We work hard and we have fun!

Who we are :

Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 360,000 Members. Meridian has more than 75 years of banking history and is 100% owned by its members. With 89 retail branches and 15 Business Banking Centers across Ontario and $ 30B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2000 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is tobuild on our momentum as we deliver on our purpose - helping our members achieve their best life.

Find our story here :