Job Description

Description :About this opportunityAt Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.You will be part of the Business Banking Credit team that has responsibility for credit decisions pertaining to a $7 billion Commercial loan portfolio across all facets of the Canadian economy. Key sectors include Land & Construction, Hospitality, Income Producing Real Estate and general and diversified industries.This position will be responsible for supporting the Director who manages a team of Commercial Credit adjudicators. You will provide credit adjudication, portfolio management and act as a key business partner to the Business Banking Delivery team, within the framework of the credit management policies and ensure the loans represent acceptable risk and return to Meridian. You will help achieve goals in a highly engaged team driven by our Meridian For good strategy.Key Responsibilities:

• Conduct underwriting / adjudication on commercial credit applications (new, increased, renewal, amendments), either within your own delegated lending limits or by referral to the Director and / or Management Loan Committee
• Exercise sound and consistent underwriting practices to ensure compliance with established policies, procedures and industry guidelines
• Provide consistent, timely and focused value-added service to the Commercial Banking delivery units
• Assist on overall management and control of excesses and delinquency
• Assist in the writing and / or review of credit policies and the Commercial Credit Procedures Manual along with preparing industry profile papers and reports
• Keep abreast of changes within diverse industry sectors and proactively identify opportunities to improve the risk profile within Meridians Business Banking portfolio.

The ideal candidate will have a:

• Strong understanding of various business sectors and corporate structures (i.e. Partnerships, co-ventures, LLP, REITS, Trusts)
• Prior experience in income property lending, land, development & construction and hospitality sectors would be an asset
• Familiarity with acceptable financing options and techniques (i.e. senior, mezzanine, subordinate debt, share and other equity offerings)
• Sound understanding and ability to deeply assess business financial statements, conduct cash flow analysis and work with financial models and their sensitization
• Knowledge of commercial account operating procedures, cash management services and other banking products (i.e. credit cards, forex, funds transfers)
• Sound understanding and ability to review commercial lending security and related documentation
• Exposure to collection / work out techniques and remedies would be of benefit
• Excellent written and verbal communication skills
• Strong but collaborative negotiation skills to find an agreeable position with our Members foremost in mind.
• Develop and maintain strong working relationships with a demonstrated ability to work effectively with key business partners
• Able to prioritize and plan workload in order to meet deadlines in a dynamic, fast-paced environment. Self-motivated.
• Proficient knowledge of standard office equipment including PC skills with emphasis using MS products including Word & Excel. Familiarity with an on-line loan origination portal would be of great benefit.

Office Location: 3330 Bloor Street West, Toronto OR, 75 Corporate Park Drive, St. Catharines.Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We provide you with the tools and technology needed to delight your candidates and clients!
• You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world
• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
• This isn't your typical "corporate" job. We work hard and we have fun!

Who we are:Meridian is Ontarios largest credit union, and second largest in Canada, helping to grow the lives of our more than 360,000 Members. Meridian has more than 75 years of banking history and is 100% owned by its members. With 89 retail branches and 15 Business Banking Centers across Ontario and $ 30B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2000 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.Find our story here:Experience the Difference!Meridian is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.Please note that due to the volume of applications, only those under consideration will be contacted for an interview.Thank you for your interest in Meridian Credit Union.#LI-TJ1
#LI-HYBRIDSkills : Relationship Builder: Required Intermediate
Manages Competing Priorities: Required Intermediate
Decision Making: Required Advanced
Customer Focus: Required Intermediate
Collaboration: Required Intermediate
Analytical: Required AdvancedBehaviors : Team Player: Works well as a member of a group
Enthusiastic: Shows intense and eager enjoyment and interest
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done wellMotivation : Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
Goal Completion: Inspired to perform well by the completion of tasks
Growth Opportunities: Inspired to perform well by the chance to take on more responsibilityEducation : Bachelors

Meridian Credit Union