Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit
www.central1.com
.

What we offer:

• Work-life flexibility
• Hybrid work environment
• One time allowance to set up your office for remote first employees
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts
• subject to employment agreement

Job Summary:
As the Credit Officer, you will be responsible for analyzing the financial statements, the operating environment, business plans and other documents of existing and prospective clients. You will also need to complete annual reviews and credit applications for approval consistent with Central’s underwriting standards and regulatory requirements. The Credit Officer will be expected to work within the Commercial Real Estate Lending department to develop business plans for a defined list of accounts and for providing customer support to ensure the highest level of customer satisfaction in the execution of our business objectives.

What You’ll be doing:

• Analyze financial statements, review 3rd party reports such as building condition, environmental site assessment, Project Monitor, review of commercial/office leases and Agreements of Purchase & Sale and & financial risk, and business plans necessary to establish credit worthiness of the borrowers.
• Prepare and submit loan applications and renewals, loan amendments and/or credit memos within lending standards and making appropriate recommendations which recognize & report exceptions to procedures and/or standards, if appropriate.
• Manage the annual review process, for a designated group of borrowers, including obtaining financial statements and all relevant data from the borrowers directly or from our credit union members.
• Gather, analyze, and summarize all documentation and data required to complete a new or renewal credit application.
• Support to the Regional Managers, Directors and/or AVP, Commercial Real Estate Lending in building relationships with credit unions, other financial institutions, and borrowers, to meet or exceed Central’s sales and revenue objectives while improving the overall customer satisfaction ratings of the Commercial Real Estate Lending Department.
• Manage the receipt of monthly reports from the borrowers and submit reports to Risk Management as required.
• Monitor performance of accounts to ensure adherence to conditions and covenants, taking appropriate action to bring accounts into compliance where required.
• Liaise and follow up with credit union members and other lending partners for loan maturity renewal options, including discussions on renewal fees and interest rate spreads while working towards established interest margin goals, as set annually.
• Maintain an open dialogue with credit union members and their membership, where applicable, to ensure appropriate credit risk standards are maintained and continue to reflect the changing business circumstances and risk appetite of both Central and its members.
• Ensure annual review, late reporting and other sundry fees are collected.
• Recommend and provide advice to individual credit unions regarding their members’ loan requirements.
• Attend meetings with their members, where applicable, either on the phone/virtual or in person, to develop workable credit solutions either for new credit relationships or for restructuring existing credits.
• Assist the Commercial Real Estate Lending Department with special projects and assignments both as outlined within agreed upon Annual Goals and/or as the need arises. Perform other duties as required.
• Extended hours, together with some travel, may be occasioned by member/credit union lenders requests for new loans and credit reviews. Additionally, travel may be occasionally required to make presentations to users and to attend courses and conferences.
• Accuracy is required in all areas of job responsibility, including loan analysis, the preparation and/or review of credit applications, financial documents, and other related tasks.

What you’ll have:

• A college or university degree in finance or a related field – business administration, accounting, economics, or equivalent work experience.
• 2+ years’ experience in credit granting and portfolio management in the small to medium size commercial loan market.
• Possess a good understanding and comfort level in dealing with all phases of real estate finance (development, construction, and mortgage takeout financing) in addition to business financing structures.
• Demonstrated ability to analyze credit risks and make considered recommendations based on interpretation of results, sound business judgement, relationship considerations and market factors present at the time.
• Excellent client service ethic. Able to set and deliver service to clients that meet their expectations.
• Able to deal with complex and difficult client situations in a diplomatic and professional manner.
• Able to persuade, through negotiation, a desired outcome that satisfies all parties’ needs and meets Annual Goals.
• Approach tasks in a collegial and co-operative manner.demonstrate a significant degree of tact and discretion and be capable of interacting at many different levels, including borrowing clients, senior lenders, management, peers, and co-workers.
• Well-developed verbal and written communications skills.
• Strong interpersonal and relationship building skills that enable successful outcomes when interacting with internal staff, credit unions members, partners, and external parties.
• Strong problem-solving skills demonstrated by an ability to develop creative alternatives to address specific business situations and requirements.
• Demonstrated analytical skills and quantitative abilities with strong attention to detail.
• Able to research, organize and distil information into a coherent set of recommendations and actions for consideration
• Conversant with financial and statistical concepts, ratio analysis and accounting principles, balance sheets, income statements cash flows.
• Strong computer modelling skills, ability to build financial models using spreadsheets or other computer tools.
• Strong time management and multitasking skills. Must be able to productively balance competing demands.

Salary range: $75,000 - $84,600
The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team

• Analyze financial statements, review 3rd party reports such as building condition, environmental site assessment, Project Monitor, review of commercial/office leases and Agreements of Purchase & Sale and & financial risk, and business plans necessary to establish credit worthiness of the borrowers.
• Prepare and submit loan applications and renewals, loan amendments and/or credit memos within lending standards and making appropriate recommendations which recognize & report exceptions to procedures and/or standards, if appropriate.
• Manage the annual review process, for a designated group of borrowers, including obtaining financial statements and all relevant data from the borrowers directly or from our credit union members.
• Gather, analyze, and summarize all documentation and data required to complete a new or renewal credit application.
• Support to the Regional Managers, Directors and/or AVP, Commercial Real Estate Lending in building relationships with credit unions, other financial institutions, and borrowers, to meet or exceed Central’s sales and revenue objectives while improving the overall customer satisfaction ratings of the Commercial Real Estate Lending Department.
• Manage the receipt of monthly reports from the borrowers and submit reports to Risk Management as required.
• Monitor performance of accounts to ensure adherence to conditions and covenants, taking appropriate action to bring accounts into compliance where required.
• Liaise and follow up with credit union members and other lending partners for loan maturity renewal options, including discussions on renewal fees and interest rate spreads while working towards established interest margin goals, as set annually.
• Maintain an open dialogue with credit union members and their membership, where applicable, to ensure appropriate credit risk standards are maintained and continue to reflect the changing business circumstances and risk appetite of both Central and its members.
• Ensure annual review, late reporting and other sundry fees are collected.
• Recommend and provide advice to individual credit unions regarding their members’ loan requirements.
• Attend meetings with their members, where applicable, either on the phone/virtual or in person, to develop workable credit solutions either for new credit relationships or for restructuring existing credits.
• Assist the Commercial Real Estate Lending Department with special projects and assignments both as outlined within agreed upon Annual Goals and/or as the need arises. Perform other duties as required.
• Extended hours, together with some travel, may be occasioned by member/credit union lenders requests for new loans and credit reviews. Additionally, travel may be occasionally required to make presentations to users and to attend courses and conferences.
• Accuracy is required in all areas of job responsibility, including loan analysis, the preparation and/or review of credit applications, financial documents, and other related tasks