Commercial Analyst

  • Full-time

Company Description

Why join PenFi

We have a lot of reasons to be proud to work here.

  • We have a deluxe benefits package, success sharing program and comprehensive pension plan
  • Local is everything. We're all about working with local businesses and partnering with our communities to make them strong and vibrant
  • As a credit union, living the co-operative principles are part of our long and rich history
  • We develop meaningful relationships with our co-workers and members - that means learning about their passions, families, ambitions and doing what we can to improve their lives
  • We have a unique culture where we take our business seriously, but we like to have a little fun along the way
  • Education is a priority and we offer an abundance of leadership and professional development programs and training to help you be the best you can be
  • Corporate Social Responsibility is alive and well. From our award winning Skates for Kids Program to delivering financial literacy to new Canadians, to sponsoring local events - we donate our time, money and expertise
  • We are all PenFi ambassadors and we live our truly local brand from the inside out

Who we are

We live, work and play in the Niagara Peninsula. We know Niagara's economy, it's people and every unique community. With over 20,000 personal and business members, we offer all of the products and services that our members have grown to know and love from their truly local credit union. We employ 100 truly awesome people with a desire to provide remarkable member experiences every single day.

Job Description

Credit Underwriting

  • Understand each unique member and their needs through direct & indirect conversations.
  • Collect and analyze pertinent information relating to finance requests including but not limited to financial statements, appraisals, contracts, budgets, etc.
  • Write commercial credit applications and include logical and data driven recommendations.
  • Ensure that credit applications conform to PenFinancial’s policies & procedures and that any risks are adequately identified and mitigated.
  • Ensure Department underwriting standards are maintained at the highest standard including detailed and timely financial analysis; review of all security pledged including annual site visits and appraisal critiques; industry analysis; and appropriate assessment of management.

Credit Reviews

  • Manage all aspects of the credit review process, including the collection of annual reporting requirements, completing Annual Review applications and tracking expiries & deficiencies.
  • Write commercial annual reviews and include logical and data driven recommendations.
  • Prepare & send any correspondence as may be required as a result of the annual review process.

Business Memberships

  • Assist with onboarding new business relationships by understanding the member and structuring/recommending the appropriate products and services to meet their needs.
  • Collect all required information to complete the applicable forms to open new accounts in accordance with PenFinancial policies and procedures.
  • Audit new business accounts opened by PenFinancial’s branch network. 
  • Support with business development.

General

  • Provide excellent member service at every opportunity.
  • Research and recommend the development of competitive products and services.
  • Monitor the broader business environment and economy within our service area and make recommendations for PenFinancial’s commercial strategy as appropriate.
  • Seek to strengthen business relationships with members, prospects, and key centers of influence through regular site visits, attendance of community events, and other methods of contact.
  • Perform any other duties as assigned.

Qualifications

  • University Degree preferably in a business-related program
  • Knowledge of financial accounting is an asset
  • Financial services experience is an asset
  • Displays exceptional interpersonal skills by demonstrating approachability, trustworthiness, flexibility and a strong work and service ethic
  • Demonstrates results orientation in both sales and service  
  • Uses technology to enhance productivity
  • Committed to continuous personal improvement and continuous learning

Additional Information

To learn more visit https://penfi.ca/careers/

While we welcome all applications, only those who are selected for an interview will be contacted.

Accessibility accommodations will be made for job candidates upon request.