Senior Commercial Credit Manager

Servus Credit Union • Edmonton, AB

1d

About The Position

Servus Credit Union is seeking a Senior Commercial Credit Manager for their Credit and Special Loans Department. This role involves the primary adjudication of small business, commercial, and agricultural credit applications. The position requires a deep understanding of financial statement analysis, corporate lending policies, guidelines, and prudent lending practices. The Senior Commercial Credit Manager will make sound decisions based on extensive training, experience, and risk analysis skills. They are expected to provide advice on transaction structuring to mitigate risks, thoroughly understand transaction risk profiles, and effectively communicate recommendations.

Requirements

• A minimum of 5, though 10+ years preferred, of commercial / ag lending experience evidencing skills in financial analysis and accounting, risk assessment, and developing creative financing proposals.
• Undergraduate degree or an equivalent level of knowledge acquired through experience.
• In-depth knowledge of lending procedures & practices, security documentation, and legal ramifications.
• Strong communication and conflict resolution skills.
• Candidates whose personal values align with Servus Credit Union's cooperative values.

Responsibilities

• Adjudicate credits up to assigned limits and recommend acceptable credit applications that require higher level authorization.
• Ensure that approved applications are within the credit union’s risk tolerance and are appropriately structured to minimize the risk of default and loss.
• Identify viable alternatives or revisions to security, terms and conditions to maximize loan growth while minimizing the risk of default.
• Deliver timely and consistent decisions with solid communication and rationale for any amendments.
• Maintain current knowledge of macro-economic issues, regional factors, and industry specific trends.
• Review and recommend changes to lending policies and guidelines to ensure lending practices remain prudent, competitive, and aligned to corporate objectives and strategies.
• Provide advice and direction to member facing staff in the analysis, structuring and negotiation of credit applications and related documents.
• Partner with stakeholders to achieve collective results.
• Attend industry events and assist on special projects or with training initiatives as opportunities arise.

Benefits

• Competitive compensation including performance-based incentive pay and profit share
• Training & Development Opportunities
• Career Advancement Potential
• Flexible work options
• Meaningful work towards individual and corporate goals
• Opportunities to get involved and give back through an employee volunteer program
• Profit sharing
• Voting for the board of directors
• Financial services
• Health and wellness benefits
• Vacation
• Retirement savings programs

What This Job Offers

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