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BC Housing

Lending Officer - Commercial Credit Analyst/Account Manager

Location
Burnaby, BC
Details
Full Time
3 days ago
Position Summary

LENDING OFFICER

-Commercial Credit Analyst/Account Manager-

Job ID: 3952

REGULAR FULL-TIME

Location: BURNABY, BC

To be considered for this role, applications MUST be submitted online, by clicking on 'Apply' below.
  • Join one of BC's Top Employers!
  • Be part of an exceptional company culture with great employee benefits and a healthy work/life balance!

BC Housing thanks all applicants for their interest; only those selected for an interview will be contacted. This position is only open to those legally entitled to work in Canada.

THE ORGANIZATION

The Lending Services Team at BC Housing evaluate the feasibility and risk of developing affordable rental housing projects in a unique and diverse commercial lending environment in comparison to most major banks and credit unions. The position reviews credit proposals and applications and evaluates strategies for the mitigation of credit risks to the Commission.

BC Housing is a provincial Crown Corporation that develops, manages and administers a wide range of subsidized housing options for those most in need across the province to address critical gaps across the housing continuum ranging from emergency shelter through to rent assistance in the private market and affordable home ownership. Our mission is making a difference in people's lives and communities through safe, affordable and quality housing.

Key responsibilities of the Lending Officer include credit analysis, assessment of security structure, review of loan and mortgage documents, analysis of financial information as well as terms and conditions for loan approval. Focused on delivering social affordable and developer owned market rental housing projects, the team requires an individual who is versatile, adaptable and able to transfer proficient commercial real estate financing knowledge and judgement to the role of a quasi-loan adjudicator in BC Housing. Possession of strong credit skills acquired from real estate or commercial lending is a key asset in this position.

This team ensures that projects are structured properly and are financially viable, with an appropriate capital structure and sourcing, within a much broader context than is considered feasible by most major banks and credit unions.

Reporting to the Manager, Lending Services, the Lending Officer is responsible for providing financial, legal, and lending advice to Development and Asset Strategies teams, housing providers, and "for profit" developers on a diverse portfolio of housing developments. The position evaluates the following:
  • financial structure of projects,
  • risk profiles,
  • mortgage/security documentation
  • compliance review of loan advancement
  • potential financial/credit issues, and
  • proposed strategies to mitigate risks of ownership, security, funding, and financial sustainability.

The role participates in funding discussions and negotiations with a variety of internal and external stakeholders to ensure projects are properly assessed for risk and financially viable with appropriate capital structures and funding sources.

The Lending Officer supports the Manager with the review of larger, complex projects while managing the review of typical financing projects independently and contributes to the development of tools, methodologies, and guidelines that facilitate the ongoing identification, evaluation, monitoring, and mitigation of risk to the Commission.

CANDIDATE PROFILE: The successful candidate will have the following:

EDUCATION & EXPERIENCE:
  • Bachelor's degree in business administration, commerce, urban land economics, finance, or other relevant discipline.
  • 3 to 5 years of well-rounded experience within commercial/multi-unit underwriting in a financial institution or credit union.
  • Experience in risk and financial analysis, credit adjudication and redevelopment of land and properties is an asset.
  • Experience in performing in-depth Financial Statements analysis and undertaking secondary research.
  • Or an equivalent combination of education, training, and experience acceptable to the employer.


KNOWLEDGE, SKILLS AND ABILITIES:
  • Considerable knowledge (4+years) and understanding of different types of ownership and security structure and financing of mixed social and market rental housing developments involving multiple partners and funding programs
  • Considerable knowledge and understanding of title search, mortgage related security legal documents and requirements, risk modelling, and the ability to assess risk and develop a comprehensive risk profile for each project and borrower.
  • Ability to establish a high level of rapport with Commission staff, and housing development partners, legal counsels and stakeholders
  • Ability to analyze financial information, identify security and legal implications, strategize options, form independent solutions, and make effective decisions using a high degree of judgement and business acumen
  • Ability to effectively manage a portfolio of diverse projects and balance diverse interest, risks, and priorities
  • Working knowledge and understanding of departmental policies and procedures of the Commission's mandate and programs
  • Ability to work in a team environment and facilitate creative thinking with respect to the best use of development properties, forms of ownership, financing structures and strategies for mitigating risk
  • Strong organizational, research, analytical, and problem-solving skills
  • Effective written and verbal communication skills
  • Strong consultative, facilitation, leadership, and interpersonal skills

BC Housing offers competitive salaries and an excellent benefits package. But a job is more than a pay cheque. We also offer our staff the opportunity to work together to make a difference. When employees go home at the end of the day, they experience the satisfaction of knowing they've helped provide safe, affordable housing for British Columbians. And while they're here, employees can take advantage of many opportunities:
  • In-house training, and training at other institutions, for courses related to employees' current positions or to prepare them for advancement within BC Housing.
  • Wellness programs including physical fitness, programs to help employees quit smoking, free flu shots, mental health resources, and lunch-and-learn lectures and seminars.
  • Recognition programs including long-term service awards, idea recognition and outstanding performance awards.
  • Livegreen incentives include an employee transit pass program, and other initiatives that encourage alternative, sustainable transportation (even a bike purchase program!).
  • An active Social Club that organizes special events like seasonal parties and arranges group discounts to other events.
  • Participation in community and charitable events.

** Please note: Eligibility for benefits offered is based on employment status **

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