Credit Specialist

East Coast Credit Union • Dartmouth, NS

6d • CA$76,609 - CA$90,127 • Remote

About The Position

East Coast Credit Union is seeking a Credit Specialist to join their team. This role supports the branch lending function by coaching retail lending staff, making credit decisions, and restructuring applications as needed. The specialist will identify and approve additional credit products, assist with training programs and lending policies, and complete credit reviews for the credit union and its subsidiaries. East Coast Credit Union is a community-driven financial institution focused on member satisfaction and financial excellence.

Requirements

• Successfully completed a Bachelor’s degree with an emphasis in Business or equivalent combination of training and experience.
• A minimum of 5 years working experience in credit adjudication and mitigation of personal lending.
• Expert knowledge of retail lending practices, procedures, policies with a high concern for compliance.
• Expert knowledge of reviewing credit files.
• Strong knowledge of financial statements, cash flow analysis and forecasting.
• Able to work independently and as a member of a team.
• Highly detail oriented and organized.
• Able to coach and foster a positive environment.
• An effective facilitator with strong oral and written communication skills.
• High knowledge of using various technologies (MS Office – Word, Excel, Outlook, one drive etc.).
• Able to maintain a high level of discretion and confidentiality in dealing with confidential and sensitive matters.

Responsibilities

• Build continuing relationships with branch retail lenders and branch managers to facilitate the achievement of branch satisfaction targets through proactive service delivery and effective problem resolution.
• Support branch lending function by acting as a resource for the lending staff – interpreting policy and procedure.
• Support Credit Manager to develop, assist and deliver technical training programs that meet the needs of the Credit Union lending staff.
• Review credit applications to ensure accuracy of data, credit worthiness and profitability for the Credit Union in compliance with relevant legislation, internal and external regulations, policies, procedures, pricing matrix and lending authority.
• Perform personal loan, line of credit and residential mortgage decisions, including approval, restructuring and declines within approval limits.
• Support credit approvals for dealer finance, mortgage brokerage and other non-member facing programs.
• Review and recommend personal loan and residential mortgage applications referred to Atlantic Central &/or CUDIC, including the evaluation of security, credit worthiness and loan to value positions, ensuring the appropriate documentation is prepared.
• Support Branch lending function for self-employed borrowers by reviewing and analyzing company financial statements for cash flow and income forecasting.
• Identify and recommend opportunities to increase branch lending products to facilitate increased retail lender success which in turn increases member satisfaction via pre-approvals.
• Maintain expert knowledge of various lending systems including LOS Loan, ASAPP, Scarlett, Mortgage Automator and other systems and recommend updates/improvements as they become available.
• Maintain expert knowledge of, and assist with, the implementation and monitoring of retail lending policies and procedures and make recommendations to Credit Manager regarding updates to retail lending policies and procedures.
• Make recommendations to improve efficiencies and to improve the quality and accuracy of the information being received from branch staff.
• Complete credit reviews for East Coast CU and its subsidiaries.
• Completes other projects and duties as assigned.

Benefits

• Competitive compensation to commensurate with experience ($76,609.28 – $90,127.42) annually) and benefits with performance-based incentives.
• Generous benefit package including a Flexible Health and Dental Plan (paid 100% by employer) and up to 9% contribution with employer match in the Defined Contribution Pension Plan.
• Tuition reimbursement, training, and personal development.
• Additional employee perks include but not limited to annual wellness credit; reduced rates on employee loans/mortgages and paid volunteer time.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level