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:

About this Role

You will be part of the Business Banking Credit team that has responsibility for credit decisions pertaining to a $6 billion Commercial loan portfolio across all sectors of the Canadian economy. Key sectors include Land & Construction, Hospitality, Income Producing Real Estate and general industries.

This position will be responsible for supporting Senior Managers that manage 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. This is to be done within the framework of the approved credit management policies as set by the Board, to ensure the loan assets represent acceptable risk and return to the Credit Union. You will enjoy a fast-paced and exciting environment with a commitment to achieving results in a highly engaged team.

The successful candidate will be a self-starter with drive and determination. The person will help Members and colleagues achieve goals with a positive, can-do, attitude. Effective communication and the ability to build relationships with others is also key. A sound understanding of Financial Statements and experience in analyzing lending proposals is essential, as is a willingness to learn and be adaptable. This will provide an opportunity to develop and lead to other opportunities as Meridian continues to grow.

What you'll do:

Key Responsibilities:

• Conduct underwriting / adjudication on commercial credit applications (new, increased, renewal, amendments) in excess of lenders discretionary limits, either within their own limits or by referral to the Senior Manager and / or Management Loan Committee
• Exercise sound and consistent underwriting practices to ensure compliance with established policies and procedures
• 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 Meridian's Business Banking portfolio.

What you can bring to Meridian:

Knowledge, Skills and Experience:

• Minimum 10+ years' experience in Commercial Credit underwriting and risk management in a major financial institution environment
• Multidimensional banking professional with a background in all aspects of the commercial credit and banking functions
• Relevant post-secondary education with an emphasis on business and finance (i.e. Bachelors or Masters in Business Administration, Finance, Accounting).
• Strong understanding of advanced business sectors (including leveraged & private equity, out & in-bound syndications, mortgage / leasing / bulk finance entities) and corporate structures (i.e. Partnerships, 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 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.

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.

Thank you for your interest in Meridian Credit Union.

Follow us on Twitter at

Skills : Relationship Managing: Advanced
Problem Solving: Advanced
Decision Making: Advanced
Collaboration: Advanced
Analytical: Advanced

Behaviors : Team Player: Works well as a member of a group
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

Motivation : Growth Opportunities: Inspired to perform well by the chance to take on more responsibility
Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization