Job Description

Description :

Business Advisor - Special Accounts

Permanent Full Time

Closes May 12

Annual Salary: $82,380 - $113,273

Innovation Credit Union has a bold ambition. In addition to being Canadas next Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenets of the digital business model like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.

We come to work to simplify banking for all Canadians - that\'s our purpose.

How does this position help fulfil Innovation\'s purpose? Glad you asked!

Early intervention by the Business Advisor Special Accounts will ensure a lower risk loan portfolio through a responsive approach to addressing negative trends in our borrower\'s financial position. The Advisor will manage a portfolio of higher-risk business loans, many of which will fall into Innovation\xe2\x80\x99s Monitored Loan segment. The Indvidual\'s focus is on reducing the risk profile of the borrowing members they work with to benefit both the Credit Union and the Member. This role will enable the balance of our Advisor team to focus on performing relationships, while ensuring appropriate risk management is being executed on our higher risk business relationships.

The individual in this role is very well versed in all types of Ag and Commercial Credit, standard lending practices and sound Credit underwriting. Ability to effectively communicate, negotiate favorable outcomes and problem solve are key skills. Leveraging strong analytical skills and critical thinking while applying this to appropriate credit structure, collateral valuation and overall risk mitigation is paramount. The person in this role can successfully mentor and provide knowledge and insight to help develop the skillset of our Advisor team in the areas of problem accounts and risk management.

WIIFY (what\xe2\x80\x99s in it for you):

• Competitive Salary
• Diverse and Inclusive Culture that continues to evolve
• Flexible work arrangement options
• Strong benefit package
• 7% Superannuation matched contribution program
• Attractive variable incentive program
• Wellness Days to create appropriate work/life balance
• Paid Education opportunities to ensure our members have the most equipped staff helping them
• A purpose driven organization that focuses on the values of Accountability, Integrity and Respect
• And lots more reasons to love where you work and what you do!

What our team is looking for:

• A growth mindset that emulates Model, Coach and Care behaviors in every activity and approach
• A solution mindset that feeds inertia
• An ambassador who\xe2\x80\x99s willing to promote our team inside and outside organization
• Somebody who is digitally capable, who wants to dig into new technology with enthusiasm!
• Somebody who can work with occasional ambiguity with focus on process evolution
• A mindset of Solve, Serve, Sell \xe2\x80\x93 a problem solver, serving our members directly or indirectly, and selling our brand!
• Somebody to sweat the small stuff, but also see the big picture
• Personality and Energy - a flair for polish, and you bring your own personal, creative touch to everything you do!

What will you do?

• Monitor a portfolio of high-risk business loans and complex unresolved lending issues to mitigate risk exposure and potential losses.
• Work closely with high-risk Ag and Commercial borrowing members to identify solutions to reduce their risk profile and related borrowing risk to Innovation CU.
• Engage with external professionals as needed to effectively quantify and manage risk with a goal to minimize losses
• Monitor Out of Order and Watch List reporting, trends in delinquency and overdraft reporting to support the early recognition and action on high risk trending accounts
• Collaborate with Retail and Loss Prevention Teams to deliver appropriate action plans for higher risk borrowers.
• Prepare quarterly Monitored Loan reports on Monitored borrowing relationships.
• Complete periodic reviews, credit correspondence and underwriting memos on high-risk Ag and Commercial accounts.
• Mentor and provide knowledge to Advisor staff on problem account resolution.
• Manage early intervention on high-risk trending relationships to reduce overall loan losses.
• Assess risk when making decisions, ensuring compliance with all regulatory requirements.
• Coach and mentor team members in the area of credit analysis and problem account management
• Works collaboratively with Credit and Retail team with unified goals.
• As an Agile organization, involvement in Agile project teams and/or utilizing an Agile mindset is encouraged to improve and grow our credit union.
• Possess a Growth Mindset with respect to personal growth and development.

Some things that would impress us:

• Post Secondary Education/Diploma in a related field
• Minimum 5+ years Ag/Comm credit analysis and underwriting experience
• Experience in risk analysis/mitigation and negotiation
• The ability to relate well to members and coworkers
• A passion for learning and growth

Interested?

Apply Today at www.innovationcu.ca.

Innovation Credit Union acknowledges that Indigenous peoples are the traditional guardians of this land that we call Canada. In Saskatchewan we are on treaty lands and these treaties serve to govern our relationships with Indigenous people. We are dedicated to ensuring that the spirit of Reconciliation and treaties are honoured and respected.

Innovation Credit Union