Job Description

At Coast Capital, we're not dreaming about a better future, we're building one.

As a member-owned cooperative, we're helping our members with their real goals and real challenges so they can live the real life they want. It's what we've been doing for over 80 years, and it's why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community - almost $90 million since 2000 alone - because when our members do well, we believe our communities should do well too.

Senior Credit Analyst - Temporary Opportunity (14 month contract)

Location: British Columbia (CA-BC)

Job Type: Full Time

Pay Grade: 10

Posting End Date: [[end]]

myWork Options: In-person, Hybrid, Remote

Coast Capital: Building Better Futures Together

What's the job?

The Senior Credit Analyst is accountable for analyzing credit submissions from the direct or Indirect sales group and other channels as requested, with a primary focus on complex submissions due to Exposure, Asset Type, and Industry of the Applicant. They will leverage their knowledge and experience in equipment leasing to exercise good judgment in providing approvals for qualified loans/leases within assigned lending limits and according to Coast Capital Auto Equipment Finance (AEF) Policy and Procedures. They will also review credit submissions prepared by Credit Analysts that are above the Credit Analyst's underwriting authority for completeness, compliance with Policy, and the overall recommendation. Further, they will assist with development and delivery of equipment loan/lease training process, including systems training. The Senior Credit Analyst will act as a resource to Auto Equipment Finance with respect to credit policies and procedures.

What you'll get to do:

• Effectively communicates credit decisions to applicable staff in a clear, concise and respectful manner.
• Maintains regular contact and a reciprocal relationship on behalf of the AEF with various outside agencies and related offices (e.g.: Law Firms, Brokers, other Credit Unions etc.).
• Provides timely and accurate application adjudication as detailed in AEF Policy and Procedures.
• Responsible for identifying and referring opportunities for additional business to partners within CCS while maintaining a credit culture of balancing risk with reward.
• Review the credit adjudication of AEF Credit Analysts which are outside of the Analysts credit authority for completeness, compliance with AEF Policies and Procedures, and the overall recommendation on the submission.
• Possess approval authority towards the satisfaction of Credit Conditions on Approvals within their lending authority limit.
• Lending limits up to $750,000.00, depending on experience level and aptitude.
• Review Applications and supporting documentation within AEF's Fraud Risk Management Guidelines, identifying situations where fraudulent and/or money laundering activities are potentially occurring, and forwarding concerns to Senior Management and CCS Fraud Management.
• Possess approval authority on exceptions to AEF Policy/Procedures related to the Credit Adjudication of a submission delivered from AEF Credit Analysts.
• Conducts credit adjudication on Credit Submissions from both the Direct and Indirect sales group, completing the review based upon assigned lending limits and according to AEF Policy & Procedures.
• Completes the Credit Review package, including the proposed financing structure with recommendation for approval, within Group Risk Management where the aggregate total exposure exceeds $1,000,000.
• Participate in a variety of projects which impact upon the Credit Group.
• Contribute in the ongoing review of AEF credit policies and procedures, including Credit Appetite relating to Industry, Asset, and Geography.
• Assist in the development and delivery of equipment loan/lease training process for new members to the Credit Group, including systems training.

Who You Are:

• You have a minimum 5 - 7 Years of Experience in Credit Adjudication (retail and commercial reviews), with preference being given to those applicants having at least 2 years current experience in the equipment finance industry.
• High School Diploma plus completion of a Diploma Program (two years of formal education or equivalent).
• Preference with be given to those who hold a degree or professional designation in a related field. Successful completion of all in-house commercial /equipment Lending courses, or equivalent work experience.
• Expert understanding of the Loan Origination Systems.
• Proficient knowledge of PC's; including a sound working knowledge of Microsoft Outlook, Word, and Excel.
• Working knowledge of presentation equipment and software.
• Expert understanding of Compass Application System as well as the LeasePlus system.
• Advanced financial services background.
• Expert knowledge of all aspects and functions of AEF lease/ lending products, policies and procedures.
• Expert knowledge in a variety of matters that impact upon Credit Evaluation including the assets being reviewed and their values, the industries financed, the work programs within those industries, and the general economic conditions within Canada.
• Advanced knowledge of Financial Statements and advance ability to discern and understand the information contained therein.
• Sound knowledge of AEF's Credit Appetite and Approved Asset Listing.
• Advanced knowledge of risk management as it relates to credit underwriting.
• Expert interpersonal skills and a demonstrated ability to communicate effectively in both oral and written form.
• Willingness to work on a team in a busy, ever changing, and occasionally stressful environment.
• Advanced organizational and time management abilities.

At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

Why join Coast Capital?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.