Business Development Bank of Canada

SENIOR MANAGER, UNDERWRITING - Toronto, Calgary, Vancouver

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Commerce, Business Administration, Accounting, or a related field.
  • Minimum of 5 years in credit analysis, underwriting, or corporate lending.
  • Proven loan writing and underwriting experience for complex transactions.
  • Ability to analyze financial statements and structure financing deals.
  • Strong credit judgment and understanding of risk management principles.
  • Excellent negotiation skills with internal stakeholders.
  • Strong written and verbal communication skills.

Responsibilities

  • Underwrite complex corporate financing transactions through detailed analysis and due diligence.
  • Structure financing proposals with risk mitigation in mind.
  • Review loan packages in collaboration with internal partners to ensure compliance.
  • Identify and resolve compliance issues during deal negotiations.
  • Develop innovative financing solutions that align with client needs and BDC’s risk posture.
  • Maintain relationships with Corporate Financing teams for consistent application of policies.
  • Stay updated on credit policies and market trends affecting corporate lending.
  • Coach and mentor Underwriters and Directors, sharing expertise and best practices.

Benefits

  • Professional development opportunities in an inclusive environment.
  • Access to underwriting resources and support from a specialized institution.
  • Collaboration with a dedicated team focused on Canadian entrepreneurs.
  • Exposure to complex and diverse corporate financing transactions.
Full Job Description

POSITION OVERVIEW


As the only bank dedicated exclusively to Canadian entrepreneurs, BDC supports the growth of small and medium-sized businesses across Canada. The Senior Manager, Underwriting - Corporate Financing plays a critical role in this mission by leading in‑depth credit analysis and due diligence for complex corporate financing transactions.

This role is accountable for delivering high‑quality underwriting recommendations that balance sound risk management with innovative, client‑focused solutions. Your work contributes directly to the success of Canadian businesses while collaborating closely with internal partners in an inclusive, professional environment where you can be yourself at work.

CHALLENGES TO BE MET


  • Underwrite high‑complexity corporate financing transactions by conducting detailed financial analysis, investigations, and due diligence in line with BDC credit policies and regulatory standards.
  • Structure financing proposals, including terms, pricing, conditions, and covenants, to ensure appropriate risk mitigation and sustainable account management.
  • Review loan packages and collaborate with internal partners (Director - Corporate Financing, Regional Director - Corporate Financing, Credit Risk Management) to structure compliant and well‑balanced deals.
  • Identify and resolve compliance issues or material changes arising during deal negotiation and structuring.
  • Develop win‑win financing solutions that meet client needs while protecting BDC’s risk position through sound judgment and innovative thinking.
  • Maintain strong working relationships with Corporate Financing teams and internal stakeholders to ensure consistent application of credit policies and shared objectives.
  • Stay current on changes to credit policies, procedures, regulatory requirements, and market trends affecting corporate lending.
  • Coach and mentor Underwriters and Directors by sharing expertise, best practices, and underwriting standards.

 

WHAT WE ARE LOOKING FOR


  • Bachelor’s degree in Commerce, Business Administration, Accounting, or a related field.
  • Minimum of 5 years of relevant professional experience in credit analysis, underwriting, or corporate lending.
  • Proven experience in loan writing and underwriting complex financial transactions.
  • Demonstrated ability to analyze financial statements and structure corporate financing deals.
  • Strong credit judgment with a clear understanding of credit risk management principles, policies, and practices.
  • Ability to negotiate deal structures with internal partners and stakeholders.
  • Strong written and verbal communication skills for interaction with internal and external clients.
  • Effective time management and prioritization skills to meet critical deadlines.
  • Strong business acumen.

 

Preferred Qualifications


  • Professional designation such as CPA, CBV, CFA, or MBA.
  • Experience in corporate banking and/or syndicated financing.
  • In‑depth knowledge of BDC products, services, policies, and procedures.
  • Prior experience coaching or mentoring underwriting or credit professionals.

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.

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

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