IO\xe2\x80\x99s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency\xe2\x80\x99s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $18 billion in local infrastructure development, and IO\xe2\x80\x99s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.


Level P4


POSITION PURPOSE


To contribute to the maintenance of a low credit risk profile throughout the loan portfolio, achieved principally through adherence to the functions and responsibilities as recited below.

What You Will Be Doing:

• KEY FUNCTIONS & RESPONSIBILITIES

Review loan applications for new loans, annual reviews and amendments to existing loans, fulfilling the role of a second line of defense against credit risk behind underwriter analysis and due diligence.

• Conduct a thorough analysis of loan applications including the accurate completion of risk modeling
• Document credit application review through the completion of detailed and concise memorandums to the Vice President Credit Risk
• Work with colleagues in loan underwriting, loan operations and legal department throughout the due diligence process
• Present loan applications to the Credit Review Committee
• Ensure records of all review and approval activity including Credit Review Committee minutes are consistent guidelines
• Ensure that authorization details are reported to legal department and duly incorporated in the Financing Agreement

Perform credit portfolio monitoring and reporting including recording of covenant compliance and document management.

• Measure and record borrower compliance to financial loan covenants for outstanding loans on an ongoing basis
• Address borrower non-compliance via quarterly portfolio reporting and consideration of escalation of loans
• Contribute to the preparation of monitoring reports of the loan portfolio
• Responsible for document management to support credit reviews and reporting of credit risks
• Contribute to building and maintenance of the credit management database

Direct file management of Watch List or higher risk loans, as assigned.

• Manage Watch List borrower relationships
• Liaise with borrower management and assisting professionals to facilitate completion of analysis of borrower risk factors and options to restore risk profile to acceptable level
• Negotiate corrective plans with Watch List borrowers as required, monitor progress, and address variances
• Contribute to quarterly Watch List reporting for loans under direct management

Contribute to the expansion and refinement of credit policy and guidelines, and general department procedures.

• Complete periodic review and updating of sector credit policy and guidelines, including risk rating protocol
• Identify and/or support opportunities for increased efficiency in department workflow
• Complete documentation of department workflow and procedures

What We Are Looking For:

• Education and knowledge
• University degree in Finance, Business, Accounting, Economics or equivalent is an asset
• A good understanding of key financial and risk management theories, principals, and practices

Experience

• Few years\' of commercial lending transaction experience in a client-facing role, ideally including commercial real estate and/or infrastructure project financing
• Demonstrated business acumen with experience working with clients and stakeholders
• Knowledge and experience with commercial lending practices of municipalities, the energy sector, assisted living, long term care or social housing sectors is an asset

Skills and personal attributes

• Strong acuity for business models and business risk assessment, and an ability to conduct financial statement and ratio analysis.
• Ability to set individual objectives, work independently and collaborate with others in order to accomplish goals.
• Excellent analytical and research skills to organize and draw conclusions from complex, ambiguous and often fragmented information.
• Able to present complex concepts in a clear, cogent and intelligible manner, both by way of written reports and verbal presentations.
• Able to manage engagements with underwriting colleagues and external parties in a cordial, tactical and productive manner.
• Proficient in the Microsoft Office suite of products.

What\'s In It For You:

• Diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
• A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
• A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee\xe2\x80\x99s annual salary, with an option for IO to match an additional 2.5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
• A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
• A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 93% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 93% of their annual base salary for 15 weeks.
• Access to our $500 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for gym memberships and fitness equipment, nutrition counselling or financial planning.
• Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues\xe2\x80\x99 well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee\xe2\x80\x99s role.
• Access to a suite of virtual healthcare options to support non-urgent medical needs
• A convenient, central location at 1 Dundas St West, easily accessible by public transit.

This posting will close on Friday April 14, 2023 at 4pm eastern. Interviews will be conducted on a rolling basis until the position is filled.

The salary range for this position is $78,000 to $116,900 with a corresponding job level of P4


At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others\xe2\x80\x99 differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.


By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.


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