Credit Manager, Special Loans

At CWB, we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:

• Putting people first and building relationships with intention
• Seeking out and embracing new ideas
• Believing that how we do things is as important as what we do

Credit Manager, Special Loans

Location | Vancouver, BC. Edmonton, AB. Calgary, AB. Toronto, ON

Put a new spin on your banking career

Our core focus is to become the best full-service bank for business owners in Canada. How do we do this? By delivering a proactive client experience through highly personalized service, specialized expertise, and customized solutions. And we do all this with an unrivalled sense of urgency that our clients love about us.

The opportunity

Are you seeking a chance to showcase your creativity and expertise in commercial lending? Look no further! Join our rapidly growing special loans team as a Credit Manager, Special Loans. This role is outstanding as it enables you to assess high-risk commercial portfolio files with sensitivity and precision, playing a crucial role in our Special Loans team. You will be accountable for supporting daily credit management, credit restructuring, underwriting, and risk management needs for high-risk commercial files.

Areas of focus

Client experience. Business growth. Credit management.

Underwriting and Credit Analysis

• Use proactive risk management, including appropriate and timely monitoring, due diligence and recommendations on files $3MM and under. Opportunities will be provided to work on files of a larger size as the situation warrants.
• Complete all underwriting activities and ensure all aspects are accurately set up, updated, and reflective of the transition following prescribed processes and policies.
• Undertake due diligence on business plans and pro-forma statements, model impacts of restructure on cash flow, and recommend suitable solutions collaboratively with senior team members.
• Model all covenants and recommend amendments and solutions to assist in restructured transactions.
• Demonstrate skills in high-risk commercial account restructuring, providing creative solutions to meet client needs.
• Provide information to support recommendations to retain and restructure high-risk commercial accounts or to exit the account, based on CWB's risk appetite.
• Use a deep knowledge of underwriting, financial, and credit analysis to be a trusted subject matter authority and advisor.

Risk Mitigation and Reporting

• Support the day-to-day processing and management of high-risk commercial accounts and the restructuring of loans to an acceptable level of risk or to improve recovery of capital.
• Complete all monitoring and control functions for the large commercial high-risk portfolio in a timely manner and coordinate to ensure timely reporting.
• Review sophisticated and critical commercial loans, perform oversight of watch loans, and provide assistance to Branch Lenders as required.
• Responsible for providing regular reporting to the leadership for high-risk commercial files on monitoring and controls for high-risk commercial accounts.

Relationship Management

• Support the critical nature of client relationships for identified high-risk commercial portfolios while upholding organizational values within every interaction.
• Navigate complex, highly critical, and confidential commercial client accounts with a focus on restructuring, retention, and rehabilitation, balancing the risk and interests of the organization.
• Maintain experienced knowledge of commercial clients and prospects, market, competition, and economic factors, in conjunction with a robust understanding of key business issues and trends.

Who we're looking for & what you've done
Education

• Undergraduate degree or equivalent experience in commerce, finance, or accounting subject areas.

Professional Experience

• Five to seven years proven experience in underwriting, financial documents, and credit analysis in Commercial, Real Estate, and Equipment Finance. Preference for those who have managed problem/high-risk accounts.
• Direct Commercial relationship management/portfolio management is a definite asset.
• Experience underwriting large commercial transactions over $3MM.

Personal Skills

• Solid understanding of Moody's Financial Analyst.
• High-level experience with financial statement analysis and modeling as well as accounting software programs.
• Technical skills including a high-level knowledge of Excel, Word, and Adobe Forms.
• Strong organizational, analytical, and critical thinking skills and able to make good judgments.
• Excellent interpersonal and communication skills, both verbal and written.
• Excellent risk analysis and assessment abilities.
• Ability to work through sophisticated situations and yield solutions.

Why work with us?

Proudly recognized by Great Place to Work® in 2024 as one of Canada's top 50 Best Workplaces & member of Waterstone Human Capital's Most Admired Corporate Culture™ Hall of Fame.

Wellness matters. We offer an award-winning benefits package that includes:

• Hybrid work environments
• Everyday flexibility
• Generous company-funded health coverage
• Health care spending account
• A flexible wellness program
• generous time-away options to unplug, rest & recover

Career development. We commit to our employees' development and help them reach their professional goals with:

• Organization wide coaching services
• Mentorship
• Education support & training programs

Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

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IND-BS

As an equitable employer, CWB Financial Group is committed to providing a safe and inclusive environment where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require accommodation during any part of the recruitment or selection process, please reach out.

Closing Date:

* Position closes at 12:01am on the close date identified below.
10/14/2024