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Senior Manager, Commercial Credit

Surrey, BC
Full Time
5 days ago
Location:British Columbia (CA-BC),
Job Type:Full Time
myWork Options:In-person, Hybrid

What's the job?
The Senior Manager, Commercial Credit Risk ensures our Commercial Team's lending and credit decisions are safe and sound by making prudent credit decisions in compliance with Coast's Risk Appetite Statement, Credit and Counterparty Risk Management Framework, Commercial Lending Policies and Commercial Lending Guidelines within his/her delegated limits. You will also help with the implementation of Group Risk Management strategies.

What you'll get to do:
  • Collaborate with other members of the Commercial Credit and Commercial Services teams.
  • Provide input to loan structure prior to Letters of Interest being issued for larger loans and perform a complete review of loan applications and selected due diligence material (including reviews, renewals and extensions) submitted by Lenders.
  • Responsible for maintaining a strategic view of the loan portfolio, ensuring that the overall risk is diversified and within Coast Capital Savings risk tolerance levels.
  • Working with other team members, you will ensure loan documentation processes are up-to-date.
  • Liaise with lenders throughout the underwriting and annual review processes to ensure a common understanding of the member and the particular financing.
  • Independently perform a full review of Loan Transaction Summary to determine feasibility and compliance with risk appetite.
  • Approve risk rating and pricing, as well as any changes to original terms and conditions
  • Review files to maximize portfolio profitability while mitigating all possible risks.
  • Continually seek awareness of industry trends.

  • Who are we looking for?
  • A Bachelor's or MBA degree in Finance, Accounting, Business Administration or relevant discipline along with an appropriate designation
  • 10 years' experience in Commercial Lending and/or Commercial Credit.
  • Broad experience in lending to operating companies and real estate entities (construction and term mortgages) and current knowledge of market underwriting practices.
  • Working knowledge in relation to Personal Property Security Act, Business Practices and Consumer Protection Act, Bank Act, relevant aspects of the Criminal Code, Real Estate Law, Financial Institutions Act and the Credit Union Act.
  • Advanced knowledge of commercial credit analysis, policies, negotiation, security and legal procedures including an advanced knowledge of regulatory and statutory provisions related to real estate lending
  • Advanced knowledge of generally accepted accounting principles / International Financial Reporting Standards
  • Advanced understanding of real estate appraisal methods, environmental reports, geotechnical reports and construction lending processes and documentation.
  • Excellent communication skills required, both written and oral, for effective and professional internal and external communication.
  • .

    Why join Coast Capital? Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.
    Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.
    A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.
    Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.
    Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.
    Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.
    Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.
    Real recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.
    An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.
    We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.
    Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

    Equity, Diversity & Inclusion at Coast Capital At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

    COVID-19 at Coast Capital Coast Capital Savings is committed to the health and safety of our employees, member, and communities. With this commitment in mind, Coast Capital complies with all public health mandates (provincially and/or federally, as applicable) and has implemented various safety measures, including requiring all employees to be fully vaccinated against COVID-19, and making COVID vaccination a pre-condition to employment with Coast Capital. All successful applicants must provide acceptable evidence of full vaccination against COVID-19, before any contract of employment becomes final and binding, and before your start date can be set.
    Exceptions may apply where vaccination is not possible for medical or religious reasons that are protected under Canadian human rights laws. Should successful applicants require a medical or religious accommodation related to vaccination please discuss whether an exception may apply with your Talent Acquisition Advisor.
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