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Director, Commercial Banking Services

2 months ago


Toronto, Ontario, Canada Meridian Credit Union Ltd Full time
Job Summary

We are seeking a highly experienced and skilled Director, Commercial Banking Services to join our team at Meridian Credit Union Ltd. As a key member of our commercial banking team, you will be responsible for building and developing a portfolio of large commercial accounts, managing a diverse portfolio, and providing exceptional customer service.

Key Responsibilities
  • Manage a portfolio of the largest and most complex commercial accounts, providing tailored solutions to meet their financial needs.
  • Actively monitor and manage the profitability of commercial relationships, with a focus on building long-term mutually beneficial relationships.
  • Provide in-depth analysis and structure complex credits, ensuring a deep understanding of the Member's business and financial goals.
  • Demonstrate a strong working knowledge of balance sheets, cash flow mechanics, and business plans, with the ability to analyze and interpret financial data.
  • Structure and negotiate complex credit and cash management arrangements, ensuring an appropriate return to the Credit Union.
  • Maintain an ongoing sales pipeline and effectively follow up on unsuccessful referrals and prospects.
  • Use exceptional financial and industry knowledge to proactively assess and anticipate Member's needs, suggesting and recommending products and solutions to meet those needs.
Requirements
  • University degree in Business or Finance or related discipline, or an equivalent combination of education and experience.
  • Minimum of 10 years of progressive commercial lending experience in sales/service and managing a diverse portfolio in a commercial banking environment.
  • Developed sales management skills, with the ability to set sales goals, measure and monitor sales plans, and coach others on sales techniques.
  • Strong and thorough knowledge of the commercial banking marketplace, including key industries and competitive positioning.
  • Advanced knowledge of business lending policies, complex procedures, techniques, and documentation requirements.
  • Superior origination, business development, relationship building, and portfolio management skills.
  • Superior negotiation skills, coupled with a deep product knowledge and expertise.
  • Expert knowledge of segment strategies, structure, and lending and deposit products and services.
  • Advanced credit and interviewing techniques, credit investigation, and underwriting skills.
  • Superior financial analysis skills.
  • Proven ability to align, analyze, and oversee administration of loan submissions with financial structures of high complexity.
  • Excellent communication and presentation skills, both verbally and in writing.
  • Ability to interact at any level within the organization and in a business development capacity within the community.
What We Offer
  • An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.
  • The tools and technology needed to delight your customers and clients.
  • The opportunity to work with and learn from diverse industry leaders, who have hailed from top organizations around the world.
  • Hybrid work arrangements with in-person office time to collaborate, innovate, and build relationships with your colleagues.
  • A dynamic and fast-paced work environment that is committed to delivering innovative new offerings and investing in the communities we serve.