Credit Specialist - Adjudication

Credit Specialist - Adjudication

Permanent Full Time
Open to any location in Canada (ability to work remotely/from home office)
Office space is available in Saskatchewan

Closes April 1

Annual Salary: $73,730 - $101,378

Innovation Federal Credit Union has a bold ambition. In addition to being Canada’s newest Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenants of the digital business model like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.

We come to work to simplify banking for all Canadians - that's our purpose.

How does this position help fulfil Innovation's purpose? Glad you asked!

The Credit Specialist - Adjudication will be responsible for providing quality adjudication service to internal customers through use of risk analysis tools and methods, ensuring security for the members and Innovation Federal Credit Union. This position evaluates credit requests, analyzes financial information, and makes recommendations to obtain financing approvals.

WIIFY (what’s in it for you):

• Competitive Salary
• Diverse and Inclusive Culture that continues to evolve
• Flexible work arrangement options
• Strong benefit package
• 7% Superannuation matched contribution program
• Attractive variable incentive program
• Wellness Days to create appropriate work/life balance
• Paid Education opportunities to ensure our members have the most equipped staff helping them
• A purpose driven organization that focuses on the values of Accountability, Integrity and Respect
• And lots more reasons to love where you work and what you do!

What our team is looking for:

• A growth mindset that emulates Model, Coach and Care behaviors in every activity and approach
• A solution mindset that feeds inertia
• An ambassador who’s willing to promote our team inside and outside organization
• Somebody who is digitally capable, who wants to dig into new technology with enthusiasm!
• Somebody who can work with occasional ambiguity with focus on process evolution
• A mindset of Solve, Serve, Sell – a problem solver, serving our members directly or indirectly, and selling our brand!
• Somebody to sweat the small stuff, but also see the big picture
• Personality and Energy - a flair for polish, and you bring your own personal, creative touch to everything you do!

What will you do?

• Assess and identify risk in credit requests and lending portfolios; analyze financial statements, credit reports, and other relevant data to make informed decisions.
• Adjudicate credit applications and complete loan reviews to ensure acceptable risk are underwritten (sectors may include commercial, agriculture, consumer, real estate, construction, cashflow lending).
• Communicate with various levels of management within the credit union to address risk findings and promote the safety and soundness of the credit union. Participate in Credit Adjudication Committees highlighting deals’ risks and mitigants.
• Ensure organized credit flow and adjudication to provide maximum service levels to Consumer and Business Advisors.
• Mentor and guide front line staff, providing feedback and encouragement in the development of lending skills.
• Identify areas of opportunity and efficiency in lending procedures and processes.
• Develop recommendations for changes to guidelines, procedures, and best practices.

Some things that would impress us:

• Bachelor’s degree in commerce, Business Administration, or related discipline.
• 3 - 5 years’ lending and credit experience or an equivalent combination of education and experience.
• Advanced lending knowledge with strong skills in small business, commercial and agricultural lending.
• Understanding of credit risk management principles, including portfolio risk, lending to higher risk industries and inherent risks embedded in lending products.
• Comprehensive knowledge of loan underwriting standards and lending guidelines.
• Strong interpersonal skills, including excellent oral and written communication abilities.

Interested?

Click the ‘Apply now’ button!

Innovation Federal Credit Union acknowledges that Indigenous peoples are the traditional guardians of this land that we call Canada. In Saskatchewan we are on treaty lands and these treaties serve to govern our relationships with Indigenous people. We are dedicated to ensuring that the spirit of Reconciliation and treaties are honoured and respected.