Why FirstOntario?

Competitive compensation packages

Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account

Enhanced mental health benefits through SunLife and TELUS Health

Exclusive banking perks

Up to $1000 per year towards professional development

Pension Plan

Flex-work environment

Company-wide Employee Volunteer program (Blue Wave Program)

Employee and Family Assistance Program

Job Overview
The Senior Business Analyst, Commercial Services is responsible for supporting the Commercial Services goals by achieving targets and objectives while providing solid advice on products, and services to Commercial Members. As a key member of team, they support the risk and portfolio management.

The Senior Business Analyst, in addition to the responsibilities of a Business Analyst, will work on complex credit underwriting, have portfolio management responsibilities and be introduced to Account Manager behaviours to build their career skills.

Role

In addition to the duties outlined below, a Senior Business Analyst will also be responsible to:

Provide support and due diligence analysis for larger, more complex credit requests

Independently research, analyze and prepare credit applications for their manager(s) as directed

Independently manage a small portfolio of commercial borrowers including member contact

Interact directly with members for purposes of gathering information and responding to member enquiries

Prepare more complex reports as requested by their manager(s)

Assist with training less experienced Business Analysts

Participate in community events and networking events to represent FirstOntario

Efficiently support the Account Manager,



Commercial Services or Credit Solutions in the preparing and presenting high-quality proposals by analyzing and conducting proper 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

Prepare loan packages and, when necessary, negotiate with internal partners on structuring the deal to ensure compliance with policies and procedures

Prepare reports and assist with compliance related tasks

Prepare credit analysis/memos including modelling of portfolio performance as well as financial modelling across a variety of asset classes

As directed, gather items required for the administration of commercial files

Be actively involved in adjudicating and reviewing of Commercial lending, risk, and reward

Work with your manager to meet annual review and risk management standards for the Commercial Portfolio including structuring transactions

Diligently complete detailed commercial reviews through the breakdown and analysis of financial statements and recommendations to mitigate any new or changing risks

Concentrate on department goals and objectives, and portray a strong positive image to our members and the community

Over deliver on set targets and planned initiatives in the region by identifying new opportunities within the loan management and origination process

Consider health & safety as a primary concern to ensure the overall well-being of your team and members

Perform other duties we may need you to do

Required Skills





Have a sound business acumen which you built from the ground up with a post‑secondary diploma or degree in business or related field or an equivalent combination of education and experience

Senior Business Analyst: Have 2- 4 years of Commercial lending experience and/or commercial credit adjudication experience

Utilize your understanding and/or experience in Real Estate Development and Construction

Be well versed in the identification of risk and warning trends on Commercial Loans and Credit

Be extremely knowledgeable about small business and commercial banking products and services

Innately detail‑oriented, analytical, and have an incredible passion for ensuring the accuracy of numerical data and cost‑effective use of company budget dollars

Be well‑versed in the world of customer service

Be extremely comfortable using a computer, particularly MS Office

Be quick to respond to requests for service from all of your members

Be aware of and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and procedures

Be willing to work flexible hours to accommodate business need, networking and community involvement

This role is hybrid in Hamilton, ON.

This posting is for an existing vacancy.

Salary Range: $69,931 to $96,155 annually.

Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.

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📌 Senior Business Analyst, Commercial Services (Ontario)
🏢 Firstontario Credit Union
📍 Ontario