HYBRID-Senior Commercial Lending Specialist

On behalf of our credit union client, TEEMA is seeking a Senior Commercial Lending Specialist.

Under the direction of management, the Senior Commercial Lending Specialist delivers a range of commercial lending services to business members. This includes processing and approving applications within authorized limits for commercial loans, mortgages, and lines of credit, as well as handling renewals, payouts, collections, and administrative support. The role involves financial analysis, risk assessment, and portfolio monitoring, ensuring compliance and quality across all lending activities.

REQUIRED SKILLS & ABILITIES:

Provides lending services to commercial members by:
-Conducting interviews with members to identify lending needs and completing loan applications when required.

Processes applications for new commercial and small business loans, mortgages, lines of credit and commercial builders' loans by:
- reviewing and approving commercial loan applications within lending limits and obtaining all supporting documentation including financial statements, employment confirmations, certificates of title and agreements for sale; prepares personal net worth statements.
- requesting commercial credit checks through the credit bureau and other financial institutions to assess the degree of risk associated with the application, orders appraisals.
- preparing commercial promissory notes, guarantees, security documents and resolutions to borrow; prepares commitment letters confirming terms and conditions of loan and obtains member signatures.
- setting up loan master’s on the banking system from application information and supporting loan documentation, and ensuring the accurate recording of codes, classes, amounts, industrial classifications, rates, payment dates and maturity related to each commercial file.
- preparing and submitting lawyers' instructions, disbursing funds, collecting fees and service charges and ensuring all lawyers' instructions have been followed by reviewing legal documentation for accuracy.
- ensuring registration of securities in accordance with legal requirements.
- ensures appropriate insurance has been obtained on all loans and on renewals and PPSA renewals as required; reconciles month end insurance reports.
- mastering and following up on loan and mortgage renewals.
- ordering site inspections for course of construction loans as mortgage draws are requested by members, requesting lien searches, calculating draw amounts based on percentage of completion and disbursing funds following approval.
- setting up, organizing and updating commercial loan files.

Performs a variety of administrative duties relating to the renewal and mid-term modification of commercial mortgages and course of construction loans for commercial builders including:
- monitoring pending loan renewals, analyzing previous terms, and making recommendations for renewal terms and rates based on degree of risk.
- generating renewal letters to members confirming rates and terms, calculating revised payments for fixed mortgages, updating system information, collecting fees and crediting appropriate general ledgers.
- monitoring expiring financial statements, following up with members to obtain new statements.
- conducts credit checks, lien searches and name searches using the BC Online system.

Answers general enquiries from members and the public on the features, rates and qualifying criteria associated with commercial lending products and services; screens and redirects calls; troubleshoots member concerns and problems with existing commercial loans; provides credit information to other financial institutions.

Analyses commercial financial statements, assets, liabilities, sales and revenue to determine net worth and degree of risk; risk rates and all commercial loans and refers to the Manager for approval.

Tracks receivables list for commercial lines of credit to ensure revenue covers line of credit amounts; identifies where revisions to lines of credit are required and refers and recommends to the Manager follow up action; makes all related system entries and advises members of any changes.

Prepares payout statements on request from lawyers including payout amounts, additional fees and per diem rates; calculates penalties for early payments; processes mortgage discharges, obtains signatures and forwards to requesting agency; verifies incoming discharge documentation against payout statement to ensure accuracy.

Compiles information on commercial lending activities for month end reporting purposes by collecting statistics on loan renewals, loans approved or declined and disbursements; balances and reconciles total number of letters of credit to report; balances and reconciles appraisals, lien searches and insurance general ledger accounts.

Processes all staff loans including personal loans, mortgages and lines of credit by checking loan applications for accuracy and completeness, obtaining all required documentation, mastering loans on the banking…