Commercial Lending Analyst & Underwriter - 2 Positions
Westminster Savings
Surrey, British Columbia, Canada
3d ago

Join passionate people. Elevate your potential.

For over 75 years, Prospera Credit Union has been a successful financial institution because of an unwavering focus on meeting the needs of our members, providing fulfilling careers for employees, and giving back to the communities we serve.

Westminster Savings and Prospera Credit Union officially merged, January 1st, 2020. We continue to be a purpose driven organization involved in our communities and a true financial partner to our local business members.

Do you have an eye for detail and love to provide excellent customer service? Are you process driven and able to look at data from all angles?

We are currently seeking two (2) Commercial Lending Analyst & Underwriter for our Business Banking team; one role will have a specific focus on our Real Estate Development business.

Working closely with the Relationship Managers, this position helps grow the size and profitability of the commercial lending book while minimizing loan risk and maximizing product penetration.

The position also delivers an exceptional member experience by providing timely, accurate, concise, and quality credit analysis and underwriting within sound risk management framework

What you’ll do :

  • Working closely with Relationship Managers to identify and gather all required information to prepare applications for credit.
  • Complete due diligence and investigation on the information.
  • Analyze and interpret financial data and project information.
  • Assess value of collateral.
  • Prepare credit applications, including annual reviews, and make recommendations for new loans, loan renewals and amendments within credit union guidelines and lending policy and procedures.
  • Provide creative and flexible solutions in structuring credit with appropriate supporting commentary
  • Submit recommendations to the appropriate approval level.
  • Real Estate Development Focus :

    All of the above and

  • Monitor projects being financed to ensure draw down stipulations and loan conditions are met.
  • Assess and evaluate construction loan programs and structures
  • Review Quantity Surveyor and other project consultants reports for accuracy and credit risks
  • What you bring :

  • Strong interpersonal and communication skills with the ability to interact both verbally and in writing with a wide variety of people both internally and externally.
  • Excellent organizational and time management skills with the ability to work under pressure and meet deadlines
  • Strong ability to anticipate, identify, analyze, and mitigate risks
  • In-depth understanding of accounting principles and financial statements, including cash flow analysis
  • Knowledge of business lending policies, complex procedures, techniques, documentation requirements
  • Basic knowledge of loan realization
  • Excellent knowledge and comfort level with various computer software programs, i.e. Microsoft Word and Excel, banking systems, CRM
  • 3-5 years previous knowledge and experience in business banking, and / or an equivalent combination of education and experience or;
  • 3-5 years’ experience in a business banking position with relevant experience in real estate development & project financing.
  • What’s in it for you?

    Inclusive, equitable and accessible workplace : All team members are valued, respected, and heard. We learn from each other’s differences, gaining strength through our people and our perspectives.

    Career Advancement! We are committed to our employee’s growth and development and we want to see you soar.

    Fun & Camaraderie. We care deeply about our members and our employees and we want the hours you spend with us to be fun, rewarding and sometimes lighthearted.

    We like to work hard, play hard, have fun and be there for each other.

    Flexibility! This opportunity includes flexible work arrangements. Whether you work from head office, a branch, your home office or a coffee shop, we want your best work no matter where that is!

    Show me the money! We offer competitive pay, a personalized benefits program, and a generous defined contribution pension plan.

    Community Focused. We care about we live, work and play in. We participate in many community minded activities throughout the year.

    Great Place to Work. We are committed to employee engagement and have achieved the Great Place to Work certification 3 years in a row.

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