Senior Manager, Special Loans

4 weeks ago

Montreal, Canada Laurentian Bank Full time

Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The incumbent manages a portfolio of complex, watch list and impaired commercial and mortgage loans, mainly with a view to recovery.

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Responsibilities:

Prepare, negotiate and implement recovery strategies and plans for managed files. Diagnose complex problem situations and take action to implement the necessary corrections in order to reduce risk for the Bank. Analyze financial and legal documents to ensure compliance with strategies and existing authorizations and that our securities are valid and enforceable. Authorize and/or obtain authorization for recovery strategies and plans, irregularities, annual reviews and required changes, according to his or her discretionary authority. Make recommendations to a higher level of authorization on files that exceed his or her discretionary authority. Manage and appropriately monitor operating lines of credit and other types of financing, and, to this end, oversee day-to-day operations for these accounts. Where necessary, engage external professionals (e.g., lawyers, consultants, trustees, brokers) whose assistance he or she requires. If necessary, ask clients to refinance with another financial institution in order to repay us. Where appropriate, manage the orderly liquidation of clients’ assets. Perform his or her duties in accordance with current legislation and Bank policies, programs and procedures. Where necessary, prepare and submit claims to organizations that have provided loan guarantees. Authorize and/or obtain authorization for the appropriate levels of allowances and write-offs, according to his or her discretionary authority. Provide file updates to superiors and other stakeholders. Prepare reports and statistics for the unit and review reports on the accounts under his or her management to ensure their accuracy, issuing instructions for corrections where necessary. Make recommendations for improving work procedures and efficiency. Serve as an expert adviser for senior management and the commercial banking centres on decisions requiring expertise in the field of recovery. Manage the implementation of various major projects and assignments that could have a significant impact on profitability and efficiency. Maintain periodic contact the Bank’s senior management and promote and optimize communication with clients and internal and external stakeholders involved in the unit’s operations. Monitor market trends and legislative changes to ensure appropriate changes in existing practices and make recommendations to senior Bank management as required. Perform any tasks of a similar or general nature requested by his or her superior or required as part of his or her duties.

Qualifications:

University education in an appropriate field and six to 10 years of experience.

What Laurentian Bank has to offer you:

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

The actual annual base salary offered will take into account internal equity, skills, and experience among other factors. Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses. Work model: We prioritize a hybrid work model based on business needs. Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further. Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program. Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future. Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

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