Senior Commercial Lending Specialist

4 weeks ago Be among the first 25 applicants

Get AI-powered advice on this job and more exclusive features.

"We exist to unite working people to build a just world"

Community Savings Credit Union’s team is passionate about transforming our Social Purpose into action. We are the fastest growing and the largest fully unionized Credit Union in BC. For over 80 years now, we have been making an incredible impact in the communities we live in and work in by supporting working families through our financial products, services, daily interactions, advocacy work, and most importantly our commitment to our team members’ well‑being.

Providing products and services that genuinely enhance lives. Whether it’s financial advice, support, or tailored solutions, we take pride in the relationships we build.

By taking a bold stance against the injustices faced by working people, we make the headlines. We perpetually advocate for the rights of working people, ensuring their voices are heard and the change they need gets made.

As an organization who prides itself on advocating for the rights of working people, it goes without saying that we prioritize the well-ness of our team. Our Employee Survey results attest to this and our compensation & perks list speaks for itself.

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.

• 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…