Full Job Description
Reporting to the Director, Sales & Service, the Manager, BBC Business Banking Credit role interfaces closely with Business Banking Centre ("BBC") management and Business Credit Department management teams. The role will assist with credit and operational risk management within the BBC. Accountable for the quality of credit applications/submissions as prepared by Commercial Analysts, structuring large and complex applications, and assisting with delivering a superior Member experience while driving profitable growth. A key responsibility is to lead a team of Analyst and Senior Analysts, with a mandate to train, develop and coach.
This role will oversee the Land Development & Construction Team of Analysts.
Key Responsibilities
3 Partner effectively with Commercial Analysts, Relationship Managers and Directors & Team Leads, as well as Business Credit Department as appropriate, to understand and enhance credit procedures and related tools.
3 Assess credit application, ensuring they provide high quality of risk assessment, credit structure, due diligence, and overall credit preparation.
3 Assist as necessary with preparing credit applications for complex structures which would typically be assigned to Senior Relationship Managers and/or Directors, with specific attention given to credit requirements in excess of $10 million, Land Development and Construction applications and large General Industry credits.
3 Spearhead workflow within the Commercial Analyst group to build efficiencies and regularly update management as required.
3 Ensure the overall portfolio is accurately monitored and controlled, adhering to, and administering within approved guidelines and in line with established operating policies and procedures.
3 Assist in providing coverage and growing each portfolio, in you region of responsibility, ensuring the BBC unit meets or exceeds annual sales, revenue, volume and new Member objectives.
3 Resolved Member and credit issues to deliver a positive Member experience.
3 Interpret and apply Meridian's credit risk management strategy.
3 Follow and ensure staff are knowledgeable and align with the Code of Conduct and regulatory requirements.
3 Understand changing market conditions and remain knowledgeable on relevant industry issues.
3 Build new relationships and deepen existing Member relationships by consistently differentiating Meridian from the competition by providing a unique credit offering to individual Commercial Members.
3 Develop, train, and lead a team of Commercial Analysts and Senior Commercial Analysts.
Knowledge, Skills, and Abilities
3 Experience with Land Development & Construction is an asset.
3 Advanced understanding of a wide range of commercial business financing structures, standards, and techniques.
3 Advanced knowledge and understanding of business financial statements, business case proposals and cash flow analysis.
3 Advanced knowledge of commercial account operating procedures and related banking services.
3 Strong analytical and problem-solving abilities. Ability to quickly prioritize and resolve critical issues as they arise.
3 Proven ability to provide clear communications, advice and guidance consistent with Meridian Values.
3 Broad knowledge of special supervision requirements for risk mitigation including collection work out techniques and remedies.
3 Extensive experience in complex problem loan workouts, with exposure to commercial litigation and insolvency management
3 Advanced understanding of a wide range of commercial business financing structures, standards, and techniques.
3 Excellent communication skills and computer competency.
3 Strong negotiation skills, with the ability to collaborate as a pro-active genuine partner.
3 Commitment to the organization by actively supporting the values and demonstrating alignment with the goals of the organization.
3 Comfort learning and adopting new digital tools, with an openness to using AI-enabled technology to enhance productivity, accuracy, and the Member experience.
Education, Work Experience, and Professional Designations/Certifications
3 Post-secondary education or related job training, with detailed knowledge of financial accounting and lending principals.
3 Minimum 5 years of commercial/adjudication experience.
This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.
Salary Range: CAD $79,100.00 to $110,000.00 annually.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: Business Banking Centre 400, 200 Speedvale Avenue W, Guelph, ON. This is a hybrid role.
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?
3 We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success
3 We provide you with the tools and technology needed to delight your candidates and clients
3 You'll get to work with and learn from diverse industry leaders
3 Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
3 This isn't your typical "corporate" job. We work hard and we have fun!
