Business Development Bank of Canada

MANAGER / SENIOR MANAGER, PORTFOLIO MANAGEMENT

Business Development Bank of Canada • $90K — $110K *
Kitchener, ON N2A 1A5In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Commerce or Business Administration
  • 3-5 years experience as an account manager in banking
  • In-depth knowledge of banking products and policies
  • Strong analytical skills for complex financial structures
  • Proactive problem-solving and good judgment
  • Adaptability to changing environments
  • Excellent time management and prioritization skills
  • Cooperative attitude (bilingualism is a plus)

Responsibilities

  • Process service requests and conduct annual reviews for the loan portfolio
  • Analyze and recommend solutions for complex service requests
  • Monitor portfolio profitability through client borrowing activities
  • Identify and mitigate potential risks such as arrears and declining financial results
  • Evaluate high-risk requests and collaborate on restructuring solutions
  • Authorize and recommend service requests within set parameters
  • Maintain strong relationships with business centre personnel
  • Coach and mentor team members as needed
  • Stay informed on economic trends and their influence on clients
  • Update knowledge on changes to policies and regulatory issues

Benefits

  • Opportunity for professional growth in portfolio management
  • Collaborative work environment with business centre personnel
  • Ongoing training and mentoring for skill development
  • Exposure to a variety of banking products and services
  • Adaptability to changing economic conditions and client needs
Full Job Description
POSITION OVERIVEW

The Manager / Senior Manager, Portfolio Management contributes to updating the Bank's loan portfolio by processing service requests and annual reviews required during the life cycle of a loan. He or she analyzes and recommends complex and advanced service requests and supports the Business Development team in developing efficient solutions to meet the client's requests while adhering to the Bank's policies and directives.

CHALLENGES TO BE MET

  • Follow up on outstanding issues in the files in accordance with BDC's audit policies, processes, and procedures by ensuring that the forms and information are accurate and complete, the conditions are met, and the signatures are obtained
  • When completing an annual review, validate the profitability of the portfolio by monitoring the client's borrowing activities and identify additional opportunities (financing or consulting) and be proactive to retain existing clients
  • Review financial statements, complete the financial analysis, and evaluate the risk rating
  • Actively address situations where potential risks are identified, such as arrears, risk deterioration and declining financial results
  • Evaluate high and advanced risk requests and offer proactive solutions to restructure agreements, minimize risk and mitigate losses in collaboration with Credit, the business centres and other internal colleagues
  • Authorize, decline, or recommend services, within the established parameters, and ensure a high calibre of analysis and due diligence for all loan amendments and service requests
  • Maintain relationships with business centre personnel and colleagues to foster good teamwork and the pursuit of common objectives and the consistent application of policies
  • Coach, mentor and share experience with team members
  • Keep abreast of economic trends in his or her region and any potential impact for the Bank's clients
  • Keep abreast of changes made to policies, procedures, and detailed processes and of trends in credit and regulatory issues that may have an impact on BDC


WHAT WE ARE LOOKING FOR

  • Bachelor's degree in Commerce or Business Administration
  • Three to five years' experience as an account manager in the banking sector
  • In-depth knowledge of banking products, services, policies, processes, and procedures
  • Ability to analyze complex financial structures
  • Ability to identify and solve problems pro-actively with good judgment
  • Demonstrated flexibility to adapt to a changing environment
  • Good time management skills and ability to set priorities to meet tight deadlines
  • Cooperative attitude
  • Bilingualism is an asset

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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