Job Description

Description :

Who we are:

Meridian's dedication to helping Canadians goes beyond banking, it's about achieving a better life! Thriving communities are essential to the individual well-being of our Members and the overall well-being of Canadians.

At Meridian, we're committed to providing exceptional banking, services, security, and advice so our Members can get everything they want from their money, and their lives!

Find our story here:

Our Business Banking Practice:

At Meridian, our vision is to be recognized as the financial institution that has the most local impact, supported by a purpose-driven Value Proposition to our Members.

We take the time to get to know our Members' business, anticipate their needs and provide customized solutions. After all, our obligations are to our Members, not shareholders, and we take to heart the best interests of our Members and communities we serve! We're passionate about what we can do for their business and we're empowered to leverage our local autonomy to meet their unique needs.

In addition to building customized solutions for business, we offer full service commercial banking solutions, including a wide selection of daily banking products, complementary lending services, cash management solutions, as well as insurance and investments.

About the role:

This role will participate as a senior member of the Commercial Delivery team and serve as the Commercial Real Estate subject matter expert (SME) within Meridian's Commercial Delivery business. The role will be accountable to develop and maintain policies to drive consistency and approach and will be required to develop expertise for Land Development and Construction industries.

What you will do:

• Establish adequate controls and pricing guidelines to be used by Commercial Account managers in the acquisition and structure of commercial real estate deals.
• As the SME for Land Development and Construction, serve as Commercial Delivery field resource in assessing all new and existing commercial real estate transactions of a material size on an on-going basis, to ensure the appropriate deal structure, pricing, and all deals meet/exceed minimum standards of credit compliance and conditions of credit.
• Utilizing credit tools, conduct complete financial and risk assessments and make recommendations as appropriate.
• Act as an intermediary between the Commercial Business Banking Centre and Commercial Credit groups and provide an independent, objective risk assessment and evaluation of real estate transactions to ensure the appropriate application of risk management practices has been applied.
• Conduct site visits and meet with principles of projects to ensure proper due diligence is completed on all material commercial real estate deals
• Participation in credit due diligence as appropriate including site visits, Member/Prospect interviews, review of project budgets, sales forecasts etc. for reasonableness.
• Prepare/update, on an ongoing basis, overall report summaries of outstanding and ongoing (material) projects
• Partner effectively with Credit Risk Management as appropriate to enhance and refine industry specific lending policies and guidelines.
• Develop policy guidelines for the subject industries and lead the timely delivery of industry specific education to the field including Commercial Relationship Managers and Commercial Credit team.
• Lead the establishment and implementation of best practices and create support materials including models and reference materials to support and drive their application within the Commercial sales team.
• Provide consultative advice as required to the Credit Recovery team as required

What you will bring:

• Broad Financial Services knowledge with a minimum of 10-20 years of commercial real estate lending/adjudication experience with major Canadian FI(s)
• Working knowledge of the credit syndication process and direct experience with the loan syndication process
• Relevant experience and good knowledge of overall contacts in Meridian's primary geographic markets
• Proven experience in the areas of structuring and pricing land development, residential construction, MURBs, retirement homes, and other ICI to meet or exceed minimum compliance requirements
• Proficient in risk management and good understanding of the audit function
• In depth knowledge of business and key functions of Commercial Credit and Commercial Credit processes and Canadian.
• Demonstrated experience and expertise in credit management and knowledge on commercial banking credit strategy and risk rating methodologies.
• Excellent communication and interpersonal skills - with a demonstrated ability to convey information to a variety of audiences.
• A strong team leader and team player. Possesses a leadership style that will be effective in coaching, and the ability to build superb relationships and partnerships at the peer level.
• Strong strategic/critical thinking, problem resolution and decision-making abilities
• Strong technical and analytical ability to interpret and utilize Meridian's data and reports.
• Well-developed problem-solving skills sufficient to identify problems, generate solutions and decide on a course of action. Ability to evaluate solutions in terms of business, financial and member impacts.

Experience the difference at Meridian: What's in it for you?

• Opportunity to work within, create, and drive a culture of growth and innovation.
• Inspire a positive work environment and help champion quality service, innovation, teamwork to assist our Members.
• Learn voraciously, stretch you and your team's thinking, share your knowledge and educate others!
• Cultivate winning relationships & building trust
• Share our commitment to productivity, effectiveness and operational efficiency.
• Be an agent of change, help others to embrace it and watch amazing things happen!
• Help your community through a variety of outreach programs!

Experience the Difference!

Meridian 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.