Meridian Credit Union

Business Development Manager - Syndication

Meridian Credit Union$79K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in business development, specifically in equipment finance.
  • Strong understanding of the leasing industry and its competitive landscape.
  • Excellent communication and interpersonal skills for relationship building.
  • Ability to handle financial calculations and analysis effectively.
  • Proficiency in Microsoft Office applications with openness to learning new digital tools.
  • A results-driven mindset with proven high performance in collaborative environments.
  • Bilingual in French and English preferred.

Responsibilities

  • Collaborate with internal teams to ensure seamless equipment leasing transactions.
  • Advance the syndication strategy and ensure collaboration with partners.
  • Maintain relationships with lending partners to understand their lending criteria.
  • Review, adjudicate, and facilitate transactions with the origination team.
  • Negotiate terms with lenders and address issues creatively as they arise.
  • Provide timely feedback on transactions to relevant teams including underwriting.
  • Ensure compliance with partner requirements in loan summaries and changes within transactions.

Benefits

  • Inclusive and collaborative workplace fostering creativity and innovation.
  • Access to advanced tools and technology for candidate and client engagement.
  • Opportunity to learn from industry leaders with diverse backgrounds.
  • Hybrid work model enabling flexibility with team collaboration.
  • Dynamic work environment balancing hard work with enjoyable culture.
Full Job Description
The role:

The Business Development Manager Syndication is responsible for collaborating with internal and external partners to provide an equipment finance solution to clients that don't qualify as a OneCap client for a variety of reasons. The role is responsible for overseeing the syndication of equipment leasing transactions to partner lenders while ensuring compliance with company policies and regulatory requirements.

Key Responsibilities

  • Collaborate with internal sales, credit, and legal teams to ensure smooth transaction flow.
  • Contribute to and advance MOCC's syndication strategy and process, ensuring strong collaboration with internal partners.
  • Build and maintain relationships with partner lenders to thoroughly understand their risk appetite, needs and lending parameters.
  • Work closely with the origination team to review, understand & adjudicate transactions.
  • Send term sheets, follow up, discuss, creatively problem solve and negotiate terms with lending partners in a timely manner.
  • Communicate comprehensive lending partner feedback on transactions to originators/underwriting & funding team in a timely manner
  • Work closely with the Underwriting, Operations & Finance Management team to ensure Loan Summaries adhere to the lending partner's requirements and manage changes to the transactions as required.
  • Provide expert guidance and general feedback to origination team on deal structuring, lending partner appetite.
  • Establish personal goals and action plans to support MOCC business objectives, and demonstrating an ongoing willingness to assume higher degrees of accountability and responsibility.
  • Keep abreast of changes within diverse industry sectors and proactively identify opportunities to add value to transactions by understanding Client/Borrower needs and competitor offerings.


Knowledge, Skills, and Abilities

  • Proven high performer with a drive to help others achieve their goals.
  • Relationship builder with an established track record of collaborating with internal and external partners.
  • A highly professional approach to business and partner relationships.
  • Strong communicator who can explain complex information and share knowledge to diverse audiences.
  • Solid understanding of the leasing industry, competitors, pricing environment, security requirements and product offerings.
  • High level of personal motivation, energy and drive.
  • Accepts responsibility for positive end results.
  • Collaborate style and persuasive interpersonal skills; ability to influence others.
  • Expert sales/closing skills.
  • Thorough knowledge of relationship building and teamwork skills.
  • Aptitude for mathematical functions including financial calculations.
  • Proficient with Microsoft operating systems including Word, Excel, Outlook and the Internet.
  • Client Focused - Personally demonstrating that our clients are our highest priority.
  • Proactive - Seize the initiative by anticipating needs and identifying opportunities to provide a higher level of service.
  • Open Communication - Engaging in honest and transparent dialogue to develop mutual understanding, trust and cultivate deeper relationships.
  • Business Savvy - Continuously acquiring the knowledge needed to do one's job to the fullest, using internal or external resources and applying the knowledge productively.
  • Partner Orientation - Initiates opportunities for collaboration and maintains productive relationships to achieve shared goals.
  • Integrity - Doing the right thing by always acting with openness, honesty and respect.
  • Creates a Supportive and Positive Team Environment: creates and contributes to a positive team environment which encourages innovation, risk taking, and learning; speeds up team learning through sharing best practices; leverages the strengths and opportunities of the broader marketing team.
  • Bilingual in both French and English preferred
  • Comfort learning and adopting new digital tools, with an openness to using AI-enabled technology to enhance productivity, accuracy, and the Member experience


This role represents a new vacancy. Internal candidates are being considered as part of our standard process.

Salary Range: $79,100 - $110,000 annually. This role is base plus variable.

Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role's requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.

Office Location: Toronto or Vancouver Corporate Offices. This is a hybrid opportunity.

Meridian OneCap has a remote work policy that allows flexibility for employees to work remotely but also requires our employees to attend the office minimum one day per week. The intention is for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is 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!


At Meridian OneCap, we're not just adapting to the future-we're shaping it. We see talent as a catalyst forsustainable growth,community impact, andfuture-readiness. As the financial landscape evolves, we're looking for team members who bring:

  • Embedding & leveraging technology- Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
  • Critical Thinking- The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
  • Data Driven- Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
  • Curiosity & Flexibility- Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.

About Meridian Credit Union

Meridian Credit Union is a Canadian credit union that was formed in 2005 as a result of the merger between Niagara Credit Union and HEPCOE Credit Union. It is the largest credit union in Ontario and the third largest in Canada, with over 375,000 members and $20 billion in assets under management. Meridian offers a wide range of financial products and services, including personal and commercial banking, wealth management, insurance, and more.
Learn more about Meridian Credit Union
Size
1,900 employees
Industry
Net Income
$100 million
Founded
2005
5 Year Trend
+5%
Revenue
$1 billion

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