Business Development Bank of Canada

DIRECTOR, BUSINESS RESTRUCTURING

Business Development Bank of Canada • $120K — $150K *
Montreal, QC H1A 0A1In-Person
Finance & Insurance
8 - 10 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance or business administration
  • 10 years of experience in finance, commerce, or business financing
  • Professional designation (CPA or CIRP) preferred
  • Exceptional leadership and negotiation skills
  • Strong judgment in credit issues
  • Fluency in French and English
  • Detail-oriented with strong relationship-building skills
  • Comprehensive knowledge of restructuring and insolvency laws

Responsibilities

  • Maintain and improve relationships with professional networks and financial communities
  • Drive profitability by minimizing losses in Restructuring accounts
  • Identify root causes of borrower underperformance and develop restructuring strategies
  • Assess and authorize loans, disbursements, and amendments
  • Collaborate with internal teams to identify problem accounts
  • Ensure compliance with BDC policies and maintain accurate files

Benefits

  • Opportunities for professional development
  • Supportive work environment fostering collaboration
  • Exposure to a diverse array of financial scenarios
  • Potential involvement in high-stakes negotiation and resolution processes
  • Access to a vast network of professional contacts and resources
Full Job Description
POSITION OVERVIEW

The Director, Business Restructuring is responsible for maintaining the quality of the loan portfolio under their management and for maintaining strong business relationships with internal and external clients.

CHALLENGES TO BE MET
  • Maintain and improve relationships with various professional networks, financial communities, suppliers and counterparts in other organizations in order to promote BDC's business restructuring activities and remain abreast of legislative developments and emerging trends.
  • Contribute to the profitability of BDC by minimizing losses and assessing risk arising from BDC's Restructuring accounts, applying sound management practices. Working with the Assistant Vice President and Directors of Business Restructuring, identify the best course of action in order to provide BDC with the greatest potential for recovery.
  • Examine and identify with the local team the root causes for the underperformance of BDC's borrowers and address critical operational and financial issues with all stakeholders. In conjunction with the local team and other stakeholders, develop optimal restructuring strategies.
  • Recommend or decline loans and disbursements, and authorize, recommend or decline amendments within established guidelines.
  • Collaborate with members of Credit Risk Management, Business Centres, and Corporate Financing in order to identify potential problem accounts that may call for early intervention.
  • Observe BDC policies, directives and procedures. Keep files he/she manages up to date and ensure reported information is accurate.


WHAT WE ARE LOOKING FOR
  • Bachelor's degree in finance or business administration
  • At least 10 years' relevant experience in finance and commerce (professional or business services firms) or in business financing (financial institution)
  • Professional designation an asset: CPA or CIRP
  • Ability to quickly identify the business context and key issues
  • Solid leadership and negotiation skills
  • Good judgment in the area of credit and ability to spot problems and determine the best choices for a resolution plan
  • Good oral and written communication in both official languages (French and English)
  • Attention to detail
  • Ability to establish positive relationships with special interest groups and business partners
  • In-depth knowledge of laws governing restructuring and insolvency
  • Ability to work as part of a team

About Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a federal Crown corporation that provides financing, advisory services, and capital to Canadian businesses. The bank was founded in 1944 and is headquartered in Montreal, Quebec. BDC offers a range of financial services, including loans, venture capital, and consulting services. The bank focuses on small and medium-sized businesses, and has a particular emphasis on supporting entrepreneurs and startups. BDC has offices across Canada and works with businesses in a variety of industries, including manufacturing, technology, and services.
Learn more about Business Development Bank of Canada
Size
2,000 employees
Industry
Finance & Insurance
* Ladders Estimates

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