Senior Manager, Underwriting and Portfolio Management

We are banking at another level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:

• Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few
• In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1
• A hybrid work model that truly balances work and personal life
• Opportunities for learning, training and development, and much more...

POSITION OVERVIEW

The Senior Manager, Underwriting and Portfolio Management is responsible for managing the client loan journey throughout the loan underwriting process, providing a single point of contact for all client needs related to new and existing financing. The Senior Manager, Underwriting and Portfolio Management delivers high quality, comprehensive proposals providing an optimal client experience while ensuring that risk levels are within the parameters of accepted credit practices and BDC policies and procedures.

The interdisciplinary role of the Senior Manager, Underwriting and Portfolio Management empowers the incumbent to enhance client experience, utilizing their expert technical knowledge and cross-functional perspective to consolidate touchpoints internally, ultimately reducing time to funding for clients.

As a member of a national team, the Senior Manager, Underwriting and Portfolio Management has an impact on clients across Canada, using their high level of expertise to play a leadership role within the Shared Services team nationally (which includes Underwriting, Portfolio Management, and Security and Disbursement departments). They act as a change agent by fostering innovation, recommending, and implementing improvements and changes to BDC processes to continue to grow and enhance the impact of the Shared Services function and across the organization.

CHALLENGES TO BE MET

• Act as singular point of contact for Financing and Credit Risk Management teams, to develop more comprehensive solutions, accelerate loan processing and decrease administrative delays due to outstanding administration
• Own the Underwriting and Portfolio Management elements of the loan process and apply expert knowledge of all related processes to make holistic recommendations to credit and bring added value to internal and external clients.
• Underwrite high-quality proposals by analyzing and conducting proper investigations and due diligence for medium to high complexity loan proposals.
• Develop appropriate terms, pricing, conditions and covenants while ensuring thorough credit analysis, due diligence and sound account management practices.
• Participate in the resolution of compliance or material changes that arise as deals are being negotiated and structured.
• Develop win-win solutions for the client and BDC through innovative thinking and resourcefulness
• Collaborate effectively with business centre personnel, Underwriting and Portfolio Management colleagues, and internal partners to foster teamwork, the pursuit of common objectives and the consistent application of policies.
• Keep abreast of changes to policies, procedures and detailed processes within both Underwriting and Portfolio Management functions and stay current on trends in credit and regulatory issues that may have an impact on BDC.
• Coach and mentor new employees within the team, as well as colleagues in other departments, and share best practices and experiences with team members and colleagues in both Underwriting and Portfolio Management.
• Maintain a high level of service managing several requests for loans and administration concurrently.
• Be agile and able to pivot quickly to respond to high level of demand in either Underwriting or Portfolio Management.

WHAT WE ARE LOOKING FOR

• Bachelors degree in commerce, business administration or accounting
• 5 years of relevant experience
• Experience in loan writing and ability to analyze and structure complex financial deals
• Sound credit judgement coupled with a strong understanding of credit policies and practices
• Thorough knowledge of Bank products, services, policies and procedures and ability to provide high quality customer service to internal/external clients
• Ability to develop win-win solutions for the client and BDC through innovative thinking and a comprehensive approach, considering both new financing as well as amendments to existing financing, concurrently.
• Strong communication skills to interact with clients and negotiate with the internal partners.
• Good time management and priority setting skills to meet critical deadlines
• Strong business acumen
• Team player with a thorough understanding of the dynamics of the small business environment
• Demonstrated flexibility to adapt to a changing environmentwhere continuous improvement is expected.