POSITION OVERVIEW The Senior Manager, Security and Disbursement, is responsible for ensuring that all due diligence and verifications are completed prior to the disbursement of loans. He or she works on the most complex files requiring a higher degree of knowledge, and experience including: construction, corporate financing, special accounts, business restructuring unit, loans over $10M, boat, aircraft and syndication files. He or she works in close collaboration with the external solicitor, the client, the underwriter, the business development lead, other financial partners and the authorizer to ensure that disbursements respect the Bank's procedures and that they are completed in the most efficient manner possible to ensure excellent customer service.
CHALLENGES TO BE MET - Improve streamlining and efficiency while managing risk, recommending enhancements to policies, guidelines, procedures, practices, processes, and other manuals or tools and provide leadership in their development and implementation
- Maximize ease, speed and convenience for BDC clients by leveraging the use of technology by recommending strategic enhancements to BDC tools and by providing leadership in their development and adoption
- Play an active role as a change agent, supporting Security & Disbursement's continuous improvement mindset and participating in pilot projects
- Coach, mentor and share expertise with team members and provide active support with complex files, demonstrate sound judgment and creativity in developing solutions.
- Perform due diligence mainly on loans with Level of Analysis 3 in an efficient manner while ensuring adherence to the parameters of accepted credit practices and BDC policies and procedures.
- Authorize, decline or recommend disbursements, within the established parameters, and ensure a high caliber of analysis and due diligence.
- Mandate, instruct and ensure support with solicitor, co-ordinate disbursement with other financial partners
- Capacity to identify and foresee any problems that the file presents and to propose adapted solutions to ensure overall risk is evaluated correctly.
- Evaluate amendment service requests and offer proactive solutions to restructure agreements, minimize risk and mitigate losses in collaboration with Credit, Business Centres, and other internal colleagues.
- Keep abreast of changes to policies, procedures and detail processes and trends in credit and regulatory issues that may have an impact on BDC
WHAT WE ARE LOOKING FOR - Bachelor's degree in commerce, business administration or accounting
- Five years or more experience as an account manager in the banking sector
- Business savvy with keen technological sense, creative and resourceful
- Ability to analyze complex financial structures and solve problems pro-actively with good judgment
- Sound knowledge of construction lending processes and legal aspects related to security taking
- Ability to establish relationships with other team members who work remotely to foster a culture of collaboration in order to achieve shared objectives
- Sound credit judgement coupled with a strong understanding of credit policies and practices
- Thorough knowledge of Bank products, services, policies and procedures and ability to provide high-quality customer service to internal/external clients
- Autonomous and able to prioritize effectively to meet tight deadlines
- Demonstrated flexibility to adapt to a changing environment
- Bilingualism (French and English) is an asset
