Director, Commercial Credit

4 days ago Be among the first 25 applicantsGet AI-powered advice on this job and more exclusive features.Beem Credit Union: Banking for every journeyBeem is redefining what it means to be a credit union. With 80 years of cooperative history and a bold vision for the future, we’ve united to create a financial partner that offers both digital ease and people-first service.Our mission is clear: financial wellness for all. We help British Columbians achieve their goals through personalized advice, innovative technology, and genuine human connection.As one of BC’s largest credit unions, we serve over 200,000 members across 66 branches with $18 billion in assets under administration.If you’re passionate about making a difference and want to join a team that values collaboration, innovation, and purpose, join us on the journey.Learn more: www.beemcreditunion.caWhat this role is all aboutReporting to the VP, Credit, the Director, Commercial Credit is responsible for leading the Commercial Credit function, ensuring an enterprise-wide risk management philosophy towards the portfolio, and appropriate controls and monitoring are in place in accordance with the Credit Union’s risk appetite, Board approved policies, regulatory and internal guidelines. The incumbent manages the $3.4B commercial portfolio, providing leadership to the Commercial Credit team and leads results tied to our business objectives. The incumbent will collaborate with the growth teams and operational leaders to seek ongoing efficiencies and process improvements to work towards Beem’s overall vision.This role is open to hybrid working arrangements within British Columbia.What you’ll doAdjudicationProvide independent, objective review and adjudication of Commercial Credit applications within credit limits and makes recommendations and escalates as required.Lead approval decisions and recommendations in functional areas while ensuring lending practices meet corporate policies, guidelines, and regulatory requirements.Approve loans within delegated lending authorities up to $20MM.Adjudicate and structure highly complex lending files including large construction, land development, hospitality and operating companies while mitigating enterprise-wide risk.Address escalation of activity and determine resolutions and recommendations as appropriate and escalating items to the VP, Credit as needed.LeadershipAs an active member of the Leadership Team by contributing to the corporate strategy development, adding value from a Credit Risk perspective and maintaining an enterprise-wide view.Manages the effective management of the commercial credit portfolio, including setting targets, goals and performance expectations in line with Credit Union’s strategy.Builds a highly skilled, high performing and collaborative team, ensuring the team is prioritizing effectively, managing their stakeholders, and directly assisting in the achievement of business targets and goals.Develops and leads strategic business plans considering complex internal and external factors including emerging requirements and organizational interdependencies.Develops and communicates department strategies and objectives, ensuring understanding and alignment with business and teams.Develop and lead the Credit and Commercial Credit strategy by leading initiatives and improving efficiencies within the Commercial Credit team.Leads portfolio management and business acumen and provides technical leadership to answer key questions and discuss best practices.Ensures Commercial Credit activities are conducted within the approved budget.Reporting and AnalysisProvide overall Commercial Credit portfolio management including risk management and use of reporting and data to support decisions and recommendations.Oversees management of the commercial portfolio of the Credit Union, including ensuring cap compliance and ensuring portfolio risk tolerance, is in line with the risk appetite of the Board.Prepare reporting and development of narratives for senior leaders, MCC, Executives, Board and Regulatory bodies.Conducts review and analysis of data and reporting, supporting decisions and recommendation as it relates to the commercial portfolio performance.Identifies and escalates any emerging risks and opportunities for growth within the commercial portfolio.Policy and ProceduresOversee commercial credit policies, procedures, and guidelines. Providing relevant assessments and recommendations in its development, including the writing of policy and procedures.Ensuring alignment of policies and guidelines across the organization, enhancing feedback loop to ensure effectiveness of policies and guidelines.Ensures organizational compliance with Policy, and guidelines.CollaborationPartner with line of business heads regarding loan requests, member concerns and problem files as well as cap compliance and file management.Partner with stakeholders to provide advice and guidance to ensure sound practices while enhancing business and fostering positive member relationships.Present in Executives and Board Meetings as needed, including leading the Management Credit Committee (MCC) and reporting on portfolio status.Partner with internal audit to review audit findings, develop recommendations, and action findings as appropriate within the team or elevate as needed.Work with external stakeholders such as BC Financial Services Authority (BCFSA) and external auditors as required.Support organizational mergers, acquisition and integration activities as needed, exercising the ability to lead with agility and curiosity.Collaborate with Learning & Development team with training initiatives as needed.What you’ll bringCompletion of post-secondary education in related field (Business, Economics, Finance, or other quantitative disciplines).Minimum 10 years of commercial lending experience, including credit management roles.Successful people management experience, including effective coaching and supporting career development.Experience in cash flow lending and understanding of enterprise value-based credit structures.Demonstrated expert knowledge and judgement of long-term impact, comprehensive understanding of risk and strategy of business units.Expert knowledge of commercial credit concepts including a broader understanding of business needs and ability to translate knowledge to organizational objectives.Previous experience with leadership accountability for the performance of a portfolio of commercial loans, financial budgets and/or operational KPIs.Demonstrated ability to use reporting, analytics, and data to deliver and lead results tied to strategic objectives.Demonstrated leadership skills and people management skills.Equivalent combination of the above may be appropriate.Your Total RewardsAt Beem, we believe great work deserves great rewards. That’s why we’ve built a Total Rewards package that’s more than competitive—it’s designed to help you shine. From your pay to your peace of mind, we’ve got your back.CompensationAnnual salary range: $141,400 - $165,000.Your pay reflects the skills, experience, and unique strengths you bring. We review salaries every year.Performance and recognitionYour success is Beem’s success. We reward great performance through recognition and, where applicable, performance bonuses tied to shared goals.Health and wellnessWe're invested in your well-being.Extended health coverage, including mental health support.Dental care that keeps you smiling.Disability coverage for peace of mind.Time awayTake the time you need to relax, explore, or just catch up on life, with vacation and personal days.Retirement and financial well-beingGenerous RRSP contributions.In-house financial advice to help you plan ahead.Flexible options to add your own contributions.Beem member perksFree banking accounts.Special mortgage and lending rates.Preferred financial perks.The bottom lineYour Total Rewards aren’t just a package—they’re a reflection of our values. We build together by celebrating success, own it by investing in your growth, and keep things welcoming by making sure you feel supported at work, at home, and wherever your journey takes you.Our valuesBuild Together: You are a team player who thrives on collaboration, sparks ideas, and fosters inclusivity.Own It: You are ready to take charge, drive change, and deliver outstanding results.Lead with Agility: You are a dynamic, adaptable thinker who thrives on challenge and innovation.Driven by Curiosity: You are eager to explore, learn, and shape the future.Ready to join?Visit us at www.beemcreditunion.ca to learn more about what it’s like to work for Beem Credit Union We sincerely thank all applicants for their interest; however, only shortlisted candidates will be contacted for an interview.We at Beem Credit Union are committed to ensuring inclusive employment practices and an accessible business environment for our employees. We do not discriminate based on any protected attribute covered by the Human Rights Code and encourage all qualified candidates to apply. We are committed to a fair and equitable hiring process for all candidates. All applications are reviewed by a member of our team.Beem Credit Union serves communities across many traditional Territories and Treaty areas in British Columbia. We are grateful to live and work on this land and are committed to reconciliation, decolonization, and building strong, connected relationships. #J-18808-Ljbffr