Senior Commercial Lending Specialist

Join to apply for the Senior Commercial Lending Specialist role at Community Savings Credit Union. 4 weeks ago Be among the first 25 applicants. Get AI-powered advice on this job and more exclusive features. SENIOR COMMERCIAL LENDING SPECIALIST "We exist to unite working people to build a just world". Community Savings Credit Union’s team is passionate about transforming our Social Purpose into action. We are the fastest growing and the largest fully unionized Credit Union in BC. For over 80 years now, we have been making an incredible impact in the communities we live in and work in by supporting working families through our financial products, services, daily interactions, advocacy work, and most importantly our commitment to our team members’ well-being. This is your opportunity to join a team to become a Social Purpose Advocate and play a crucial part in building a "just world". THE WAY WE DO IT Member Engagement – Providing products and services that genuinely enhance lives. Whether it’s financial advice, support, or tailored solutions, we take pride in the relationships we build. Championing Working People’s Rights – Taking a bold stance against the injustices faced by working people, we make the headlines. We perpetually advocate for the rights of working people, ensuring their voices are heard and the change they need gets made. Setting the Example as an Employer – As an organization who pride themselves on advocating for the rights of working people, we prioritize the well‑being of our team. Our Employee Survey results attest to this and our compensation & perks list speaks for itself. THE ROLE Under the direction of management, the Senior Commercial Lending Specialist delivers a range of commercial lending services to business members. This includes processing and approving applications within authorized limits for commercial loans, mortgages, and lines of credit, as well as handling renewals, payouts, collections, and administrative support. The role involves financial analysis, risk assessment, and portfolio monitoring, ensuring compliance and quality across all lending activities. REQUIRED SKILLS & ABILITIES Provide lending services to commercial members by conducting interviews with members to identify lending needs and completing loan applications when required. Process applications for new commercial and small business loans, mortgages, lines of credit and commercial builders' loans by reviewing and approving commercial loan applications, obtaining supporting documentation, performing credit checks, ordering appraisals, preparing promissory notes, guarantees, security documents, commitment letters, setting up loan master’s in the banking system, disbursing funds, collecting fees, ensuring registration of securities, obtaining appropriate insurance, managing renewals, ordering site inspections, and updating commercial loan files. Perform a variety of administrative duties relating to the renewal and mid‑term modification of commercial mortgages and course of construction loans, including monitoring pending renewals, generating renewal letters, updating system information, collecting fees, conducting credit checks, and following up with members on financial statements. Answer general enquiries from members and the public on commercial lending products, screen and redirect calls, troubleshoot member concerns, and provide credit information to other financial institutions. Analyze commercial financial statements, assets, liabilities, sales and revenue to determine net worth and degree of risk; refer to the Manager for approval. Track receivables list for commercial lines of credit to ensure revenue covers line of credit amounts and recommend revisions as necessary. Prepare payout statements for lawyers, calculate penalties for early payments, process mortgage discharges, obtain signatures, and verify discharge documentation. Compile information on commercial lending activities for month‑end reporting by collecting statistics on loan renewals, approvals, disbursements, and reconciling ledger accounts. Process all staff loans, ensuring accurate loan applications, mastering loans, preparing lawyer instructions, disbursing payments, registering securities, and maintaining staff loan files. Prepare and maintain commercial Letters of Credit files, process holds and freezes, and refer to the Manager for approval. Receive and process payments for accounts payable such as registration, search fees, appraisal costs, and transfer profits to the appropriate ledger. Review system‑generated reports and refer any problems to the Manager. Monitor and prepare documentation for post‑dated entries. Review Lines of Credit, complete risk rating, monitor worksheets, recommend new Lines of Credit, and refer problems. Provide administrative support to the Manager, Credit in day‑to‑day operation of the Centralized Lending department by reviewing delinquency reports, initiating collection action, composing correspondence, maintaining liaison with legal counsel, preparing legal documents, reviewing reports, composing month‑end reports, overseeing non‑performing reports, recommending write‑offs, providing training, and auditing loan files. Perform other incidental duties related to member service and administration, as assigned. QUALIFICATIONS This position will require the following technical skills: Knowledge of retail and commercial lending policies, procedures, documentation requirements and legal processes, including financial statement analysis and commercial risk rating. Knowledge of banking procedures and the features and use of the computerized Relationship Banking System. Knowledge of Microsoft Office, including Word and Excel. Knowledge of Credit Union lending products and services. Knowledge of Credit Union and provincial regulations as they pertain to Collections. Knowledge of Filing Small Claims Action. Knowledge of Conventional Foreclosures and CMHC Foreclosures. Knowledge of seizing vehicles. This position will require the following behavioural skills: Ability to exercise judgement in taking a risk, and to make sound credit recommendations. Ability to motivate staff and take a leadership role. Ability to deal with members and the public in a courteous, friendly, tactful, diplomatic and professional manner. Ability to communicate effectively, both orally and in writing. Ability to use a variety of office machines including calculators and adding machines. Ability to work under pressure, and to meet deadlines. This position will require the following education and experience skills: Grade 12 plus completion of some post‑secondary courses in lending through CUIC or other post‑secondary institutions. A minimum of 5 years’ experience as a Retail Lender with exposure to Commercial Lending: a minimum of 3–4 years’ experience as a Commercial Loans Administrator. Knowledge of Collection Law and regulations and a minimum of 1 year experience as a Collector or equivalent position in a financial institution, OR an equivalent combination of the above. COMPENSATION & PERKS 35‑hour work week. We contribute 13% of your monthly salary into your CSCU RRSP Account – no matching or minimum contribution required. Up to 12 paid health days per year – and it gets even better, we pay out half of the unused balance at the end of each year. Up to 6 weeks of paid vacation per year. Paid volunteer hours. Up to $5,000 per year interest‑free loan for home computer or fitness equipment. Staff mortgage and personal loan rates. Tuition reimbursement policy. Learning and development programs including paid LinkedIn Learning membership. Benefit package that includes: Unlimited RMT massages & physio. $500 annual health care spending allowance. $200 vision every 12 months. 100% basic and 75% major dental coverage & 50% orthodontic (up to $2000 lifetime) coverage for the employee and their dependents. Out‑of‑country travel insurance. "Wellbeats" on‑demand video streaming platform with expert‑led fitness, nutrition and mindfulness classes. $2,000 annual mental health coverage & iCBT (Internet‑based Cognitive Behavioural Therapy). Carepath provides support to members and their families in the event of illness or other health crises. 3X annual salary life insurance coverage. Family building, fertility drugs and gender affirmation benefits. Exclusive discounts with Perkovopis. Telemedicine. The typical salary range for this position is $73,533.24 – $89,534.42 CAD per year. The final offer may vary based on your job‑related knowledge, skills, experience, and expertise. We are always looking for top talent – if your qualifications differ from those listed above, the final agreed‑upon salary may be adjusted to reflect your individual qualifications. Seniority level Mid‑Senior level Employment type Full‑time Job function Finance Referrals increase your chances of interviewing at Community Savings Credit Union by 2x. #J-18808-Ljbffr