Business Analyst, Commercial Sevices

at  FIRSTONTARIO CREDIT UNION

WHY FIRSTONTARIO?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages and a yearly Personal Spending Account
• Enhanced mental health benefits through SunLife and TELUS Health
• Exclusive banking benefits
• Up to $1000 per year towards professional development
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program

JOB OVERVIEW

The Business Analyst, Commercial Services is responsible for supporting the Commercial Services goals by achieving targets and objectives while providing solid advice on products, and services to Commercial Members. As a key member of team, they support the risk and portfolio management.

Primary Duties and Responsibilities

• Efficiently support the Account Manager, Commercial Services or Credit Solutions in the preparing and presenting high-quality proposals by analyzing and conducting proper due diligence for medium to high complexity loan proposals
• Develop appropriate terms, pricing, conditions and covenants while ensuring thorough credit analysis, due diligence and sound account management practices
• Prepare loan packages and, when necessary, negotiate with internal partners on structuring the deal to ensure compliance with policies and procedures
• Prepare reports and assist with compliance related tasks
• Prepare credit analysis/memos including modelling of portfolio performance as well as financial modelling across a variety of asset classes
• As directed, gather items required for the administration of commercial files
• Be actively involved in adjudicating and reviewing of Commercial lending, risk, and reward
• Work with your manager to meet annual review and risk management standards for the Commercial Portfolio including structuring transactions
• Diligently complete detailed commercial reviews through the breakdown and analysis of financial statements and recommendations to mitigate any new or changing risks
• Concentrate on department goals and objectives, and portray a strong positive image to our members and the community
• Over deliver on set targets and planned initiatives in the region by identifying new opportunities within the loan management and origination process
• Consider health & safety as a primary concern to ensure the overall well-being of your team and members
• Perform other duties we may need you to do

Job Specifications and Technical Requirements

• Have a sound business acumen which you built from the ground up with a post-secondary diploma or degree in business or related field or an equivalent combination of education and experience
• Have up to 3 years of Commercial lending experience and/or commercial credit adjudication experience. May also be hired for co-op programs and/or be business school graduate
• Utilize your understanding and/or experience in Real Estate Development and Construction
• Be well versed in the identification of risk and warning trends on Commercial Loans and Credit
• Be extremely knowledgeable about small business and commercial banking products and services
• Innately detail-oriented, analytical, and have an incredible passion for ensuring the accuracy of numerical data and cost-effective use of company budget dollars
• Be well-versed in the world of customer service
• Be extremely comfortable using a computer, particularly MS Office
• Be quick to respond to requests for service from all of your members
• Be aware of and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and procedures
• Be willing to work flexible hours to accommodate business need, networking and community involvement

Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help make FirstOntario better. At FirstOntario, inclusion, diversity, and equity aren’t just “nice to have” - they’re essential to our success.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know

• Efficiently support the Account Manager, Commercial Services or Credit Solutions in the preparing and presenting high-quality proposals by analyzing and conducting proper due diligence for medium to high complexity loan proposals
• Develop appropriate terms, pricing, conditions and covenants while ensuring thorough credit analysis, due diligence and sound account management practices
• Prepare loan packages and, when necessary, negotiate with internal partners on structuring the deal to ensure compliance with policies and procedures
• Prepare reports and assist with compliance related tasks
• Prepare credit analysis/memos including modelling of portfolio performance as well as financial modelling across a variety of asset classes
• As directed, gather items required for the administration of commercial files
• Be actively involved in adjudicating and reviewing of Commercial lending, risk, and reward
• Work with your manager to meet annual review and risk management standards for the Commercial Portfolio including structuring transactions
• Diligently complete detailed commercial reviews through the breakdown and analysis of financial statements and recommendations to mitigate any new or changing risks
• Concentrate on department goals and objectives, and portray a strong positive image to our members and the community
• Over deliver on set targets and planned initiatives in the region by identifying new opportunities within the loan management and origination process
• Consider health & safety as a primary concern to ensure the overall well-being of your team and members
• Perform other duties we may need you to d