Credit Union Lending Analyst

4 weeks ago

Toronto, Canada Central 1 Credit Union Full time

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit


What we offer:

- Work-life flexibility
- Hybrid work environment
- One time allowance to set up your office for remote first employees
- Variable annual incentive plan
- Generous annual vacation allotment
- Top-notch flexible benefits plan including family building and gender affirmation
- Retirement Plan, matched contributions at 6%
- Access to a learning platform and educational assistance support
- Access to a virtual wellness platform
- Career development opportunities
- Wellness Flex Fund to support personal interest and activities
- Day off to volunteer in your community and other paid time off options
- Corporate discounts

Job Summary:
What you’ll be doing:

- Responsible for the issuance and administration of letters of credit, guarantees. Manage renewals and fees. This includes working with relationship managers, credit union clients, beneficiaries and, when required, external stakeholders
- Maintaining and enhancing a risk rating framework for credit union counterparties, updating, and improving the risk rating model
- System management: update and maintain tracking and reporting of activity within credit union members’ credit facilities
- Monitor daily unauthorized overdrafts and works with borrowers to ensure that all overdrafts have been cleared
- Monitor performance of accounts to ensure adherence to conditions and covenants, taking appropriate action to bring accounts into compliance where required
- Prepare risk and position reporting to senior management
- Provide input as required, into the maintenance and revision of Central 1’s policies and procedures
- Work with the Manager, Credit Union Lending to improve department efficiency

What you’ll have:

- 3-5 years of experience in commercial underwriting as you will be assessing credit risk, structuring complex loan agreements and evaluating financial health
- Proficiency in MS Office
- Proficiency in Excel and writing macros
- Computer modelling skills with the ability to build financial models using spreadsheets and other computer tools
- Synthesize and distill information from several written, verbal, and online sources
- Well-developed verbal and written communications skills with an emphasis on report writing clearly and logically
- Sensitive to the business needs of Central 1 and be able to cooperate across departments in a professional, collegial, and respectful manner
- Flexibility to responsively meet the business needs of Central 1 and the credit union system, to develop along with the evolution of the unit, and to cope in a rapidly changing environment
- Strong interpersonal and relationship building skills that enable successful outcomes when interacting with internal staff, credit unions members, partners, and external parties (lawyers, accountants etc.)
- Credit Union knowledge is an asset
- Ability to maintain confidentiality due to sensitivity of information
- CFA designation is considered an asset (along with other professional designations)
- Salary range: $60,000-$67,000

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