Retail Credit Adjudicator (8-Month Term)

Steinbach Credit Union • Steinbach, MB

6d • Onsite

About The Position

Steinbach Credit Union (SCU) is seeking a Retail Credit Adjudicator for an 8-month term position in Steinbach. This role involves analyzing credit applications, evaluating risks, determining appropriate responses to mitigate risk, and making recommendations to support business growth while protecting SCU’s lending portfolio. The ideal candidate will have advanced knowledge of financial accounting, lending policies, regulatory environments, and risk management principles, along with strong business acumen and software proficiency.

Requirements

• Grade 12 diploma plus two years of formal business-related education or equivalent
• 4 to 6 years of job related experience, or an equivalent combination of education and experience
• Advanced knowledge of financial accounting principles
• Advanced knowledge of lending policies and regulatory environments
• Advanced knowledge of Risk Management principles
• High degree of business acumen
• Software proficiency
• Strong negotiation and coaching skills

Responsibilities

• Assess credit worthiness of retail lending requests that exceed branch discretionary limits through the analysis of data including, but not limited to financial statements, security, supporting documentation, and SCU system-generated reports.
• Adjudicate credit applications/submissions within approved lending authority, ensuring consistent application of SCU lending policy and following-up with Retail Lending staff as required.
• Prepare credit assessments and make approval decisions when credit applications/submissions are within lending authority or submit recommendations to relevant credit committee when credit applications/submissions exceed lending authority.
• Address policy violations and/or non-compliance to approval terms and conditions by formulating recommendations to mitigate loss potential.
• Maintain thorough knowledge of and adhere to credit union policies/procedures and all other legislative requirements in the areas of lending, risk management, security and fraud prevention.
• Apply best practices and identify areas for improvement.
• Provide prompt and accurate communication of adjudication decisions to Retail Lending staff.
• Conduct credit risk assessments, adhering to service standards as set forth by SCU.
• Submit credit assessments and recommendations to relevant credit committee, presenting additional information to committee(s) as required either verbally or in writing.
• Respond to staff inquiries related to loan policy/best practices and resolve questions and concerns wherever possible, referring more complex issues to the Senior Manager, Retail Credit Risk & Loss Management.

Benefits

• Competitive salary based on skills and experience
• Variable compensation
• Matched pension plan
• Extended medical, dental, vision benefits (100% of premiums paid by SCU)
• Health spending account
• Critical Illness insurance
• Life insurance
• AD&D insurance
• Employee Assistance programs
• Employee Banking benefits (free chequing account, low interest MasterCard, bonus rate on deposit and lending products)
• Opportunities for professional development
• Clothing allowance
• Free parking at all locations

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED