Job Description

Description :

Why Meridian?

At Meridian, our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

Find our story here:

Our Business Banking Practice:

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\xe2\x80\x99 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\xe2\x80\x99re 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.

As a Syndications Operations Analyst:

You will be responsible for assisting our Relationship Managers and Syndication Operations team by translating requests involved in the daily administration and operation of syndicated transactions.

The successful candidate will have experience in analyzing lending proposals in medium to large real estate & Construction Financing, lending in Hospitality industry and General Industry (working capital financing).

The daily accountabilities of this role will be to coordinate requests on syndicated files, collaborate with Operations, Business Credit and Business Banking Centers, and review relevant documentation on syndicated transactions.

What you will do:

Support Syndications Operations through reviewing and translating complex credit applications, relevant syndication documentation, and requirements to the processing team for fulfillment or when the case, coordinating with the Relationship Manager if further action/information/clarification is required.

Monitor the credit applications and changes to credit applications and bringing regular updates to Syndication Operations team is also a priority.

Prepare new accounting spreadsheets and authorized loan spreadsheets for new transaction closings for record-keeping purposes for the Syndicated files.

Consult with Business Banking Centres (BBCs) and Structured Finance teams to understand the operational requirements for new transactions, and to coach/advise the BBCs where appropriate.

Prepare draw requests and coordinate draws with the Business Banking team where appropriate (gathering documentation and posting in iLend under relevant Draw request.)

Assist the Senior Manager Syndication Operations on communication and subject matter expertise when it comes to problem solving and errors, as well as process design and audit.

How you will succeed:

Education & Experience

Post-secondary education in Business, Economics or related field and/or related job training, with excellent knowledge of financial accounting, financial acumen and lending principles.

Previous experience in a Business Banking role, with syndicated transactions is a major asset.

Experience with iLend loan origination system and Encore.

Experience/training in the development of reporting and analytics.

Experience in conducting analysis and working with diverse data sets, both structured and unstructured.

Demonstrated interest and experience in corporate responsibility, sustainability, environment, governance and social impact.

Knowledge

Proficiency with MS Office Suite including Excel and PowerPoint is required.

Knowledge of rules, regulations and trends in the financial services industry.

Good knowledge of banking systems and business account operating procedures.

Skills & Abilities

Highly motivated self-starter with a positive attitude.

Excellent communication, presentation and overall interpersonal skills.

Ability to work independently with confidence, as well as collaboratively with others, with a strong commitment to member service.

Strong desire for professional development; willingness to work flexible hours, and train both on/off the job to improve general business and lending skills.

Demonstrates a high capacity for increasingly complex workloads, with a natural curiosity to investigate complex, ambiguous problems using multiple data sources and tools to come up with answers and recommendations.

Possesses a strong attention to detail; be concise without comprising the facts.

Ability to meet established schedules and deadlines on time and on budget.

Join Us! This role is hybrid. Office Location either 3330 Bloor St W, Etobicoke, or 75 Corporate Park Dr, St. Catharines

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What\'s in it for you?

We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

We provide you with the tools and technology needed to delight your candidates and clients!

You\'ll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world

Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues

This isn\'t your typical "corporate" job. We work hard and we have fun!

Who we are:

Meridian is Ontario\xe2\x80\x99s largest credit union, and second largest in Canada, helping to grow the lives of our more than 360,000 Members. Meridian has more than 75 years of banking history and is 100% owned by its members. With 89 retail branches and 15 Business Banking Centers across Ontario and $ 30B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2000 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.

Find our story here:

Experience the Difference!

Meridian is 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.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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.

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Skills : Adaptable: Advanced
Facilitation: Advanced
Analytical: Advanced
Collaboration: Advanced

Behaviors : Enthusiastic: Shows intense and eager enjoyment and interest
Dedicated: Devoted to a task or purpose with loyalty or integrity
Team Player: Works well as a member of a group

Motivation : Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals
Self-Starter: Inspired to perform without outside help

Education : Bachelors
Bachelors

Experience : 2 years: commercial or syndicated loans familiarity with credit agreements and loan structures, covenants

Meridian Credit Union