DIRECTOR, BUSINESS RESTRUCTURING

BDC•Montreal, QC

7d•Hybrid

About The Position

We are banking at another level. Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs. POSITION OVERVIEW The Director, Business Restructuring is responsible for maintaining the quality of the loan portfolio under their management and for maintaining strong business relationships with internal and external clients.

Requirements

Bachelor's degree in finance or business administration
At least 10 years’ relevant experience in finance and commerce (professional or business services firms) or in business financing (financial institution)
Ability to quickly identify the business context and key issues
Solid leadership and negotiation skills
Good judgment in the area of credit and ability to spot problems and determine the best choices for a resolution plan
Good oral and written communication in both official languages (French and English)
Attention to detail
Ability to establish positive relationships with special interest groups and business partners
In-depth knowledge of laws governing restructuring and insolvency
Ability to work as part of a team

Nice To Haves

Professional designation an asset: CPA or CIRP

Responsibilities

Maintain and improve relationships with various professional networks, financial communities, suppliers and counterparts in other organizations in order to promote BDC’s business restructuring activities and remain abreast of legislative developments and emerging trends.
Contribute to the profitability of BDC by minimizing losses and assessing risk arising from BDC’s Restructuring accounts, applying sound management practices.
Working with the Assistant Vice President and Directors of Business Restructuring, identify the best course of action in order to provide BDC with the greatest potential for recovery.
Examine and identify with the local team the root causes for the underperformance of BDC’s borrowers and address critical operational and financial issues with all stakeholders.
In conjunction with the local team and other stakeholders, develop optimal restructuring strategies.
Recommend or decline loans and disbursements, and authorize, recommend or decline amendments within established guidelines.
Collaborate with members of Credit Risk Management, Business Centres, and Corporate Financing in order to identify potential problem accounts that may call for early intervention.
Observe BDC policies, directives and procedures.
Keep files he/she manages up to date and ensure reported information is accurate.

Benefits

Flexible and competitive benefits
Employee Savings and Investment Plan where BDC matches part of your voluntary contributions
Defined Benefit Pension Plan
$750 wellness and health care spending account
Paid vacation each year
Five personal days
Sick days as necessary
Offices are closed from December 25 to January 1
Hybrid work model
Opportunities for learning, training and development