Job Description

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Posting Closes On: November 3, 2022

Compensation: $75,947 - $ 94,934 per annum

Did you know that Servus Credit Union is Alberta's largest credit union and is ranked #1 in Canada on Forbes' World's Best Banks list for 2022? We're excited to be growing and moving with the times to keep up with the fast-paced, ever-changing financial industry!

We're looking for a Credit Specialist III to support our Mortgage Development Centre team in Red Deer

As a Credit Specialist III you are the senior professional credit adjudicator who evaluates and approves complex applications referred from Retail Branches. As an integral team member of the Mortgage Development Center you have strong credit adjudication skills, in-depth understanding of business financial statements. You have sales experience to support you in identify onboarding relationship opportunities and approvals to increase our member wallet share. You are essentially the informal leader who is accountable for ensuring that the approved applications meet acceptable risk requirements related to prudent lending practices, corporate lending policy as well regulatory and legislative requirements. As the Credit Specialist III you will be interacting with Senior Managers; therefore, your communication skills are outstanding.

More specifically, the scope of your responsibilities will include but are not limited to:

• Mentor junior credit specialists
• Build and maintain good relationships with referral sources
• Within authorized limits, review and approve MDC submissions from referral sources for complex applications which is currently defined as self-build mortgages, business-for-self applicants, applicants with a rental portfolio exceeding 6 properties

• Evaluate requests based on policy, and risk, ensuring approvals are within established lending guidelines.
• Provide written approvals/recommendations as appropriate within established lending guidelines.
• Within authorized limits or recommend authorize exceptions directly to Retail Credit without intervention form management.
• Analyze information confidently and act accordingly based on judgement and decision-making skills.
• Analysis of financial information, security valuations, terms, and conditions of the credit request to ensure that approved applications are appropriately structured to minimize the risk of default and loss, while supporting corporate growth goals.
• Review and recommend changes to Corporate Lending Policies and develop/revise complex application lending guidelines to ensure lending practices remain prudent, competitive and support corporate objectives and strategies
• Coach and guide internal sales team to ensure high quality service is provided to members in the area of retail lending and to ensure that the risk to the organization is mitigated or is within acceptable tolerance.

Requirements:

To qualify, you'll need at least the following:

• A minimum of 5 - 10 years retail lending experience is required
• University level finance/accounting degree or an equivalent level of knowledge acquired through experience.
• Formal training in agricultural lending practices and financial analysis (i.e. Agricultural Lenders Workshops, Agricultural Business Analysis workshops) or an equivalent level of knowledge gained through experience.
• A mix of technical, sales, and leadership skills. The technical requirements include advanced credit decisioning expertise to ensure that mortgage loans are properly structured to minimize the risks of default and loan losses.

Most importantly, we're looking for candidates who align with our values. We live our values in how we do business. We're not afraid to be different - in fact, we embrace our differences. We have a spirit that motivates us to give our best service to members every day. It's our values that attract many people to Servus - and keep them with us. We embrace our culture and heritage, and we pride ourselves on our strong commitment to the communities we serve and our efforts to build and maintain member loyalty. If this sounds like you, then we encourage you to apply!

Benefits:

By creating a healthy and inclusive work environment and providing employees with the tools and supports they need, we help our employees achieve their potential.

Servus is committed to providing a great place to work, and we invest in our employees by ensuring they have:

• A supportive and engaging working environment
• Benefits that lead the field
• A total rewards strategy that includes recognition for a job well done
• Learning options that support lifelong learning and career-building opportunities
• Opportunities and support for volunteering in local communities and abroad
• Support for employee fundraising through our annual corporate fundraising events and through several less formal initiatives led by our employees

Here are some of the benefits that our employees love:

• Financial product benefits available immediately
• Group RRSP and Coop Superannuation Pension Plan matched programs
• Vacation purchase program
• Employee financial services team available to help you reach your financial goals
• Recognition for years of service
• Disability programs
• Group benefit coverage including extended health care coverage, travel insurance, dental plans, and specialized medical coverage
• Flexible spending account to purchase additional health or personal wellness items
• Wellness initiatives
• Employee and family assistance plan
• Other leaves including parental, emergency days, and critical care days
• Reward programs
• Incentive pay program

As Servus, our employees are also members. This means you'll have all the benefits of being a member of the credit union including profit sharing, voting for the board of directors, and all of the services we provide ... with a few additional perks!

Imagine working for an organization that values diversity and inclusivity, and where everyone collaborates for your success. If you want to join a team of community leaders passionate about making an impact, apply now!

Next Steps

Click on the link below to apply for this amazing opportunity. If you're shortlisted, you'll hear from us after the posting closes. Should you require an accommodation during the application and selection process, send us a quick email at with the position and location you're interested in. Thanks for applying with Servus Credit Union; we look forward to learning about you and your experience!

Please note that confidential inquiries may be sent to sandi.unruh@servus.ca.

Servus Credit Union is an equal opportunity employer and employs personnel without regard to race, color, ancestry, place of origin, religious beliefs, gender, gender identity, gender expression, age, physical disability, mental disability, marital status, family status, source of income, and sexual orientation.