Credit Adjudicator

The Credit Adjudicator is a motivated, career-minded professional responsible for evaluating and approving credit applications which exceed lender’s or branch limits. Additional responsibilities include assisting in developing and implementing credit policies and procedures as well as assisting our training department with lender-focused training. Assist with special projects, and new business development tools and programs as required. Provide advice and direction to lenders and credit analysts regarding the analysis, structuring and negotiation of credit applications and related documentation.

Under executive direction, reporting to the Senior Vice President of Credit, the Credit Adjudicator will evaluate and approve credit applications within designated limits. Credit applications which exceed the adjudicator limits will be submitted to the Senor Vice President of Credit and/or Credit Committee. The position is responsible for ensuring that the approved applications meet acceptable risk requirements and provide a reasonable, risk-based return on investment, in accordance with prudent lending practice, corporate lending policy, as well as regulatory and legislative requirements.

• Credit Approval Process
  • Adjudication of larger, often complex, loan applications where amounts requested exceed branch or lender’s approval levels.
  • Analysis of financial information, security valuations, terms and conditions of the credit request to ensure that approved applications are appropriately structured to minimize risk of default and loss.
  • Identify viable alternatives or revisions to security, terms and conditions in order to minimize the risk of default.
  • Recommend acceptable credit applications that require higher level authorization. Present and support the application to the required authorized bodies.
  • Ensure all credit applicants have been offered Credit Union products, such as but not limited to, insurance products, financial planning and other credit counselling services.
  • Price any loan rates according to risk.
• Organizational Development
  • Assist in developing and implementing credit policies and procedures and support training in the lending department.
  • Provide recommendations to senior management regarding improving departmental efficiencies.
  • Assist with special projects, and new business development tools/programs, as required.
  • Keep up to date on changes with respect to lending practices and in particular, Deposit Guarantee Lending Guidelines and the Credit Union Act.
• Support and Leadership
  • Act as a resource person for all lending matters including collections, delinquency controls and loss prevention.
  • Provide advice and direction to lenders and credit analysts regarding the analysis, structuring and negotiation of credit applications and related documentation.
  • Attend branches to meet with lending personnel and management to provide support and guidance, as required.
  • Assist and perform Loan Transaction Review Worksheets of lending staff and other reviews as required with documentation and trend analysis to senior management to improve training efforts.
  • Review and engage branches for ensuring E’s & O’s report issues are current.
  • Working closely with Lending Support Services, ensure risk and internal controls are in place for all lending services.
  • Maintains a knowledge of outside risks that may influence the credit portfolio, both positive and negative, such as economic risk locally, provincially, and federally.
• Department and Team Support
  • Support team members as required
  • Actively participate in department and credit union meetings
  • Provide technical, theoretical and analytical support to the Senior Vice President of Credit.
  • Adhere to all Vision Credit Union Ltd. policies and procedures.
  • Follow all compliance policies and procedures in relation to Anti-Money Laundering and Anti-Terrorist Financing Guidelines.
  • Assist the Senior Vice President of Credit with other duties as assigned.

• High school diploma
• Minimum 7-9 years of job-related experience is required for this complex position.
• Excellent management, negotiating and organizational skills.
• Demonstrated ability…